Jan 19 2016, 11:20 AM
QUOTE(Lazarus7181 @ Jan 19 2016, 10:40 AM)
Cheque or cash is the same. As long as the money is with you or in your bank account, then only you pass the tenant your unit's key.
From what I know, for monthly rental, it will be best for you to go there and collect personally rather than having the it being bank into your account. The reason being is that you will a glance of what has happened to your unit and listen to their rental fee delaying excuses.
Also, if the tenant is delaying the rental fee, you will need to give them a grace period for example 1 week and after that, you will need to be prudent to tell them to move out. Nowadays, there are a lot of tenants giving different excuse and one of the best way to protect yourself is to be straight forward and no hard feeling.
Good luck for your future rental then.
^ Agree.From what I know, for monthly rental, it will be best for you to go there and collect personally rather than having the it being bank into your account. The reason being is that you will a glance of what has happened to your unit and listen to their rental fee delaying excuses.
Also, if the tenant is delaying the rental fee, you will need to give them a grace period for example 1 week and after that, you will need to be prudent to tell them to move out. Nowadays, there are a lot of tenants giving different excuse and one of the best way to protect yourself is to be straight forward and no hard feeling.
Good luck for your future rental then.
Though it's convenient for you need not to travel but you'll never know what is happening to your property. Take the opportunity to inspect the property while collecting the rent.
You can also ensure that the tenant is not diverting from what has been agreed upon. A lot of tenants promised that it will only be for his own stay but ended up having a group of people setting an encampment in the living hall.
A lot of property were being misused as a hub for manufacturing "drugs" simply because landlord did not bother as long as they get good money for it but try to imagine, if your property gets busted as being one, not only this will land you in a lot of trouble but also, your property will be seized for a long long time until the police finished investigating the case or worst case scenario, the DPP finished prosecuting the case.
Can you imagine the years of rental lost.
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