Bi-weekly Rent Payment

[Samantha Soto]

Does anyone use biweekly rent payment schedule for tenants?  We are inheriting some tenants that have historically had some difficulty paying.  They have been long-term tenants, and the prior landlord was apparently chasing the rent quite a bit.  They are lower income, and likely have difficulty prioritizing rent.  We are hoping to change that, and come in and provide some structure.  On its face, bi-weekly sounds like a bad idea.  But I am wondering if anyone is doing it, why they are doing it, and how much success they have had with it.  Please chime in if you are currently doing this, or have tried it in the past.  

[Account Closed]

Yes for one tenant I am. She has an extremely tight budget and I asked her if that would help, she was very appreciative. I had a 4 year history with her prior to her separation. Auto debit on pay day is really nice. You get paid right after they do which doesn’t give them much time to spend it. Doesn’t solve the problem of budget but it would help solve stupid (to a degree at least).