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Updated about 5 years ago, 12/15/2019

User Stats

68
Posts
26
Votes
Ed McIver
Pro Member
  • Investor
  • Westminster, MD
26
Votes |
68
Posts

Bi weekly rent payments

Ed McIver
Pro Member
  • Investor
  • Westminster, MD
Posted

I have a young single mother who is paid every two weeks. I want to offer her the option of paying her rent every two weeks as well. Here is why.

If her rent is 1000/month she has 12 x $1000 payments per year. However if she pays every other week she has 26 x $462 payments. They would come out of her paycheck like clock work. It would be much easier for her to pay her rent. I would be the first bill paid.

Does anyone else do this? what would be the pit falls I need to look out for?

  • Ed McIver
  • Loading replies...