First Month's Rent...Partial or Full?

[Justin Donohue]

How do you handle a new tenant's first month's rent when they move in during the middle of a month? Do you just accept the partial rent as the first month's rent or do you make them pay a full month's rent and prorate the second month's rent?

[Rob K.]

I always collect a full months rent and then pro-rate the second month based on their move in date.