Money Management

In This Chapter

  • Collecting, processing, and increasing rent
  • Understanding security deposits
  • Late fees and other fees
  • When tenants don’t pay

If you’re in rental real estate to make money, you’ll want to read this and the next chapter. In this chapter, we cover a lot of details about money, from rent collection, to the best banking processes to have, to security deposits, and more.

All About Rent

We discussed the importance of setting the right rental rate in an earlier chapter. You analyzed your target market, market demand, and your location, among other factors, and you determined a rental rate that’s competitive ...

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