As a landlord, you probably understand that without a good tenant in your property, you won't make any money. Tenants fund your investment property business. That monthly rent check covers expenses—plus, it puts passive profit in your pocket!
Detroit is one of the largest cities in the United States, where renters now outnumber homeowners. If there are so many renters out there, why can it take weeks to find a new tenant for your Novi rental property?
You probably have a love/hate relationship with collecting the rent from your tenants each month.
You love getting paid for your work as a landlord who provides a safe living environment for your tenants. However, you probably hate actually collecting and logging checks, electronic payments, and tracking down tenants who haven't paid on time.
How can you make it easier to collect the rent from tenants in your Novi property? What payment options should you consider for tenants?
Here’s a quick look at several payment options and how you can incorporate them into your rent collection system to this task easier on yourself.
Residents
Owners
