Collecting rent on time is essential for maintaining a healthy cash flow. Zen Property Management streamlines the rent collection process for Calgary property owners.
Rent Collection Methods:
- Online portal: Easy and convenient for tenants.
- Pre-authorized debit: Automated deductions ensure timely payments.
- Post-dated cheques: Secure and reliable payment method.
Handling Late Payments:
- Implement clear late fee policies.
- Send reminders promptly for overdue payments.
Rental Increase Guidelines:
Follow Alberta’s regulations by providing at least 90 days’ notice for rent increases, allowed only once every 12 months.