Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Medium-Term Rentals
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

43
Posts
19
Votes
Roman Puzey
  • Rental Property Investor
  • Denver CO
19
Votes |
43
Posts

Pro-rated rent calculation for MTR

Roman Puzey
  • Rental Property Investor
  • Denver CO
Posted

Hello,

How do we handle monthly payment for tenants that move in towards the end of the months like for example on 21st of the month and then they are moving out on 24th of the month 6 months later? Do we just make them pay the pro-rated rent from 21st until the end of the month or are they paying for the full month as soon as they move in plus the security deposit? Trying to figure out the verbiage in our contract where it says "The remainder shall be payable in equal monthly installments of blank amount each, due on or before the blank day of each and every calendar month throughout the lease Term, commencing on the blank day." Any thoughts? suggestions?

Loading replies...