Rent & payments
How to apply a partial rent payment
Apply a partial rent payment to the oldest charges first, receipt the amount you received, and leave the remaining balance open.
Rent & payments
Collecting rent, late fees, receipts and keeping tenant balances straight.
Guides
Rent & payments
How to send a rent reminder
Send the same written rent reminder to every lease before the due date, then a follow-up only if money is still open after the grace period.
Rent & payments
How to set a late fee and a grace period
Put the fee and the grace period in the lease, post the fee once when it is earned, and leave the unpaid rent on the ledger beside it.
Rent & payments
How to read a rent roll
A rent roll lists every unit, what was charged, what was collected, and what is still open. Read it against the ledgers before you send it.
Rent & payments
How to keep a rent ledger
Post every charge and payment on one lease ledger, apply cash to the oldest charge, and keep the balance you would defend later.
Rent & payments
How to write a rent receipt (with a sample)
Write a rent receipt that names the amount, the charges it paid, and the balance still open, and match it to the ledger the same day.
Rent & payments
How to prorate rent (with a calculator and examples)
Prorated rent covers the days a tenant has the unit. Use the calendar-day formula, a worked $1,850 example, and ledger entries you can copy.
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