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Started By
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New landlord, payment help
Posted on 4/21/18 at 12:11 am
Posted on 4/21/18 at 12:11 am
So just recently became a landlord. I wanted to know if anyone has sent their tenant on Automatic draft monthly and if so what system or app do you use?
Also any negative of doing payment that anyone has ran into?
Thank you
Also any negative of doing payment that anyone has ran into?
Thank you
1
Posted on 4/21/18 at 9:57 am to SaintNation
I did automatic for everyone for a while but I found it was much easier when I let them pick the payment.
I’ve got two on auto draft
One cash
Two Venmo
One that deposits into my Acct each month
I’ve got two on auto draft
One cash
Two Venmo
One that deposits into my Acct each month
Posted on 4/21/18 at 11:31 am to Mr.Perfect
Cozy website. ACH is free, it gives them reminders, and is supposed to help their credit also.
This post was edited on 4/21/18 at 11:33 am
Posted on 4/21/18 at 1:34 pm to Rust Cohle
Second Cozy. As long as you don’t care about it hitting your account until like 5 days after they pay then it’s great.
You can also post your place for rent and it will push it realtor.com and some other sites.
Where are you getting your lease from?
You can also post your place for rent and it will push it realtor.com and some other sites.
Where are you getting your lease from?
Posted on 4/21/18 at 4:20 pm to lighter345
Anyone waive the last months rent instead of giving back the deposit or do you collect the last months rent and then after a successful walk through give them their deposit back?
Posted on 4/21/18 at 5:10 pm to Paul Allen
If you use the deposit as last months rent - what do you do if they have damaged something and then took off right at the end of the month?
That’s really not how a damage deposit works....
That’s really not how a damage deposit works....
Posted on 4/21/18 at 6:12 pm to eng08
Damage deposit should NOT be used as last payment.
My leases say deposit to be returned within two weeks. This gives time to do a real inspection, finding those hidden damages. Louisiana law says the deductions made have to be itemized.
The people who want their deposit back immediately, are usually those least deserving. I love giving full deposits back to those who take care of the place and save me fixup headaches.
My leases say deposit to be returned within two weeks. This gives time to do a real inspection, finding those hidden damages. Louisiana law says the deductions made have to be itemized.
The people who want their deposit back immediately, are usually those least deserving. I love giving full deposits back to those who take care of the place and save me fixup headaches.
Posted on 4/21/18 at 6:19 pm to eng08
No, I meant assuming there is no damage. How is it any different? Instead of providing their deposit back, you would simply waive the last month of their lease.
Posted on 4/21/18 at 6:20 pm to ItzMe1972
Is there a law in Louisiana that says a deposit should be returned within a certain amount of days?
Posted on 4/21/18 at 6:28 pm to Paul Allen
Posted on 4/22/18 at 8:56 am to Paul Allen
Are you 100% sure your tenant won’t damage the property during that month they are now living at the property without a deposit? Things break/can be damaged and can happen even to the best tenant.
In LA it’s one month to return and they must provide you a forwarding address.
In LA it’s one month to return and they must provide you a forwarding address.
Posted on 4/22/18 at 9:08 am to Paul Allen
Wait so when do they pay rent at the first of the month or at the end?
The rent would be due a month before their lease ends, so the money is due before you have a final inspection and the tenant exits the lease, right?
It’s also against the LA tennant laws.
The rent would be due a month before their lease ends, so the money is due before you have a final inspection and the tenant exits the lease, right?
It’s also against the LA tennant laws.
Posted on 4/22/18 at 10:04 am to eng08
First of the month
Posted on 4/22/18 at 10:24 am to Paul Allen
Plot twist, you’re the tenant...
Why do you as the landlord want to expose yourself to unnecessary risk? Just trying to understand.
Why do you as the landlord want to expose yourself to unnecessary risk? Just trying to understand.
Posted on 4/22/18 at 10:33 am to lighter345
Good point, and I get it. All I was saying is that you would give the tenant an option to not pay the last month of their lease instead of having them pay and giving their deposit back. This was all assuming that there would be no damage.
Posted on 4/22/18 at 12:31 pm to Paul Allen
quote:
you would give the tenant an option to not pay the last month of their lease instead of having them pay and giving their deposit back. This was all assuming that there would be no damage.
If you're assuming no damage, don't bother with a security deposit. The deposit is for landlords who don't assume things.
Posted on 4/23/18 at 3:16 pm to Paul Allen
I have never had a tenant not do at least a little bit of damage to the place.
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