Mynd Property Management

Creating Happy Homes and Healthy Investments

Why might “prepaid” rent be more than one month’s rent?

Depending on how much a resident pays in advance, “prepaid” rent may be more than one month’s rent. There is no cap to how much a resident might pay in advance. Please note that the prepaid rent category gets balanced out after 1 year with Mynd as the next calendar year’s rent will deduct the prepaid rent that was applied previously.

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