Prorating first month rent

[Yulia Kaygorodtseva]

Hello, landlord gurus! :)

How do you prorate rent and what do you collect if your rent starts on March 10 for example? rent for 20 days? or 20 days plus 30 days?

what if rent starts on March 20th, would you collect 10 days and 30 days rent?

What if rent starts on March 15th?

You collect Deposit (your month rent and PET deposits) on a day when they sign the lease, but collect the actual RENT on a day when they move in, is that correct?

How much do you usually charge for a PET Deposit? (i have new carpet in 3 bedrooms)

Can you put NON smokers only in your house description, so that will eliminate unwanted tenants, or its a discrimination?

Thank you!!

[Ahmad Zein]

I use the 2nd month proration method. Which means that the tenant pay the full rent on the day they move in regardless of the date, and they pay the prorated amount on the 2nd month. For example, if the lease starts on March 10th and the rent is $1000 per month. The tenant pays the full $1000 on March 10th and pay the prorated amount ($10th-31st): $723 on April 1st ($1000 X 12 Month = $12000 / 365 days= $32.87 X 22 days= $723).  The rent is always due on the 1st of each month and don't recommend the due date based on the move-in date. Check with your state laws for proration methods.