Biweekly rents (by Susan [OH]) Jul 10, 2018 2:13 PM|
Biweekly rents (by S i d [MO]) Jul 10, 2018 2:55 PM
Biweekly rents (by BRAD 20,000 [IN]) Jul 10, 2018 9:39 PM
Biweekly rents (by Susan [OH]) Posted on: Jul 10, 2018 2:13 PM
How much extra do you charge for biweekly or weekly rents?
I'm thinking of trying this~thanks. --76.189.xxx.xxx
Biweekly rents (by S i d [MO]) Posted on: Jul 10, 2018 2:55 PM
I chop the monthly rent in half and add $5-$10, to make it a bit more obvious they aren't paying half month's of rent. I also have them sign an addendum that lays out due dates for the entire years along with the specific days covered by each payment.
It's hard(er) to argue, "I didn't understand" when your name and initials are on that piece of paper.
Works out to about a 9% overall increase over a year's tenancy vs. paying the monthly rate. --173.19.x.xxx
Biweekly rents (by BRAD 20,000 [IN]) Posted on: Jul 10, 2018 9:39 PM
800 / 4 + $10 = $210/week
800 / 2 + $15 = $415 every other Friday
We advertise all these prices and 70% of our new leases choose PayDayPlan and LOVE it!