Raising Rent Flashcards
1
Q
Raising Rent
A
So whats your process for calculating rent?
2
Q
Rent is the same amount each month or accounting system or excel.
A
And once rent is calculated, how would you demand rent from tenants?
3
Q
We send an invoice via mail, email, call to demand rent.
A
And then how would tenants pay rent to you?
4
Q
They pay us rent via direct debit or standing order/ bank transfer or BACS payment.
A
Once rent is received - how would you reconcile payments?
5
Q
Check the bank statement or use Xero/Sage/Excel.
A
Do you create receipts or do your finance team do that?
6
Q
I create receipts OR finance team create the receipts.
A
It seems to me a bit of a tenuous process. Ballpark figure, how long would you say this process takes per property/per month?
