New Land load here. Do you issue an invoice for monthly rent?

Question

Hello BP.

We purchased our first LTR property this summer and have a renter since September. We were still figuring out the best way for the renter to pay their monthly rent for the first two months. We got money order, then we set up Zelle. We will be using Zelle from now on. Noticed Zelle has invoicing feature, so I'm curious if people generally issue monthly rent invoice? Or just have your renter pay without any official request or any invoices?

Alecia Loveless · Answer

@Aya Itazu The tenants know rent is due on the 1st. No reason to send invoices.

Theresa Harris · Answer

I don't use an app, but I don't send invoices. The tenants know rent is due and how to pay it, so it is up to them to pay.

Mike Bourgeois · Answer

@Aya I. If the rent amount, due dates, etc. are specified in the lease, there’s no need to provide an invoice. However, do make sure you have some form of electronic confirmation that their payment was received. Up to you if you’d like to provide invoices for other costs / fees that the tenant might face. There’s more of a use case here, as these cost details might not be specified in the lease like fixed monthly rent would be.

Chris Seveney · Answer

@Aya Itazu

We have done both before we used a PM but if you have the option to send an invoice that would be my recommendation.

Aya I. · Answer

Thank you everyone who replied. We have our family member (local realtor/investor) manage property but just for maintenance requests and urgent issues, so we manage rental payment on our own. So far, our tenant has been on time on their rent (just two months, so they better be, right? haha). Maybe when they start getting late on their rent, we might start issuing a monthly invoice as a reminder...

New Land load here. Do you issue an invoice for monthly rent?

New Land load here. Do you issue an invoice for monthly rent?

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