What's the Best Way to Pay Rent? Tampa Property Management Advice
If you’re renting a property in Tampa, you’ll be expected to pay rent on time every month. In order to meet that obligation, you’ll need to know how to pay rent and when it’s due.
We are talking to residents today about the best way to pay rent in Tampa.
Check Your Lease Agreement
Before you sign the lease agreement on a new home, make sure you understand the rent collection policy. Hopefully, you’re working with a responsive and communicative landlord or property management company in Tampa, FL who will go over the particulars of how to pay rent. This information should also be included in the lease agreement. You need to be on the same page when it comes to rental payments.
The leasing agreement should include information on:
1. How much rent is due every month.
2. How you should pay rent.
3. Whether there is a grace period if you don’t pay on the first.
4. Whether there are late fees and other consequences to late rental payments.
Rent Payments in Tampa at Mynd Property Management
We know that residents appreciate flexibility and ease. So at Mynd, we provide our residents with three ways to pay rent.
The first and most popular way to pay rent is online. We provide a resident portal that’s fast, secure, and convenient. Our residents can log in and pay rent at any time that’s convenient for them. They can do it from the comfort of their own home or from work or from their mobile phone. We accept payments day or night and on weekends and holidays. With online payments, our residents can pay with a credit card, which has a fee, or with an eCheck. Offering online rental payments is a great way to cut down on late payments.
Another way our Tampa rental property residents can pay rent is by coming into the office to pay in person. We understand that some residents like a little face time and they want the security of knowing they are handing over their payment to an actual human being. We make that work, too. Our in-person payments can be accepted as personal checks, money orders, or certified checks.
Finally, residents also have the option to mail their payment to our office. Not everyone is comfortable with online payments – we get it. So, when our residents want to pay by mail, we make sure they have the right address and we ask them to make sure it’s post-dated on the first of the month so the payment isn’t considered late.
Automatic payments can be a great way to avoid late fees. If you have online payments available to you, find out if you can set up automatic payments. This is a huge benefit because you don’t have to think about it or worry about paying late fees. As a property owner, you can set this up. Or, even easier, your Tampa, FL property management company should have this system in place to utilize.
Anticipate Rent Payment Problems
You want to anticipate any problems you may have paying rent on time. Nothing will deteriorate your relationship with your landlord faster than consistently late rent payments. So, take this into consideration and ask all the necessary questions before you sign a lease agreement and commit to a new rental property.
With technology, you should have a lot more options that you did years ago. But, not every landlord and property owner embraces technology. If your only option is to pay rent in person with a check and you live on the other side of town, getting there by the first of every month may be a problem.Ask the right questions and get the right help. Residents love renting from us because we’re flexible, responsive, and we make things like rental payments easy.
If you have any questions about the properties we have available and what it’s like to work with us, please contact us at Mynd Property Management. We provide a lot of resources and support for residents in Tampa and all over the country.
Tips and Tricks to Get Your Renters to Renew Their Lease
Find out how you can ensure your renters renew their lease at your rental property and ensure steady cash flow with these tips. Learn more!
Why Should I Purchase a Rental Property in Converse, TX
What makes Converse, TX a good place to invest in rental property? What do you look at to determine if it is right for your strategy? Learn how a property manager can be an important part of your investment team.
Why Should I Purchase a Rental Property in Santa Rosa, CA
If you want to know if the Santa Rosa, CA is right for you to invest in, you want to look at some key statistics about the area to make sure it matches your investment strategy. If you are looking for cash flow, you need to run real numbers and determine if that is possible. Learn why having a property manager that has access to real, proprietary data is key to your success.
Thank you for getting in touch!
In the meantime, learn more about ways to start with a smaller downpayment here.