Guide to Rental Collection Services
As a landlord, one of the keys to success to renting out your property is an effective and efficient rental collection. Basically, this ensures that your tenants are paying you on time and in an efficient manner.
Sometimes, the best option is to let your agent collect the rent for you; it’s often stress-free, and with Mashroom, it’s also free! Keep reading for more information.
What is a rental collection service?
A rental collection service works for you, by collecting your tenants rent. In other words, you pay your agent company to be responsible for collecting the rent, and they will then transfer it into your account.
Generally, they require a handling fee, but usually this is all sorted before the transfer takes place. However, this is where Mashroom is one step ahead. If you are renting out your property with us, there is no added charge for rental collection.
Why is it useful?
Using a rental collection service is useful because it’s one less thing you have to think about. The agent will be in charge of collecting and transferring the rent to you, and if a tenant is late with their payment, the agent will deal with it.
It also means that there is a third party between you and the tenant, which makes it easier to solve any disputes.
Why should landlords use Mashroom’s rental collection service?
Put simply, using Mashroom’s rental collection service takes the hassle out of collecting rent. Your tenants will pay rent directly through Mashroom. When the money arrives in our account, we will notify you and send the payment to you the very same day.
If, for whatever reason, a tenant is late paying rent, we will inform you and chase up the tenant to ensure swift payment.
Additionally, we are part of the Money-Shield CMP Scheme, which means you can sit back and relax, knowing that your income is protected.
As a landlord, you have enough to worry about. Let us take care of the rent! Check out our Rent Collection Service, list your property, and get renting… the hassle-free way.