Learn the importance of past due rent notices for landlords. We defined what a past due or late rent notice is and provided guidance on when and how to send one. We also covered best practices for drafting and sending the notice, including what information to include, how to maintain a professional tone, and how to keep a record of delivery. Additionally, we highlighted the potential consequences of not sending a notice and explained the legal procedures landlords should follow if payment is not received.

This post discusses the pros and cons of accepting partial payments from tenants who are struggling to pay rent. It also compares the alternative approach of offering payment plans and discusses how property management software like Rentroom can help landlords manage their rental properties and payment collection processes. Ultimately, the decision to accept partial payments or offer payment plans will depend on the individual circumstances of the landlord and the tenant, and landlords should carefully consider the potential benefits and drawbacks of each approach. Property management software like Rentroom can provide added control and customization to the rent collection process through features like the ability to toggle partial payments on and off.

Payment apps like Venmo or PayPal may not be the best option for landlords with multiple properties or many tenants. These apps have transaction limits and lack advanced features, making property management software, like Rentroom, a more suitable choice for managing multiple properties and tenants. Property management software provides features like automation, scalability, and reporting capabilities to help manage a large number of properties and tenants. It's important for landlords and tenants to keep accurate records and understand the tax implications of using Venmo or PayPal for rent payments.