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any tenants who rent homes often ensure they pay their monthly rent on time and in full. A few of them however, do face challenges with their rental payments occasionally. This can cause distress to the landlords many of whom have invested heavily in the properties. Therefore, the issue of bounce houses rental is not something strange and may happen occasionally. The good news is that there are some solutions to such challenges.
House deposit
One of the best forms of advice to landlords is to charge house deposit worth two months' rent. Tenants should be required to pay a house deposit equal to two month's rent. This way, any bounces house rental incidents will be mitigated using the house deposit so the landlord does not suffer serious losses in terms of their monthly or weekly income. In some instances, landlords file distress calls in court. A distress call for rent is a request for assistance from the court to enable them collect rental payment from tenants.
The reason why rental income on residential and commercial property is important is that these properties are often built on loans and mortgages from different financial institutions like banks. These institutions need regular loan repayments. Terms of the loan and mortgages dictate regular repayments of certain fixed or minimum amounts.
Tenant assessment
Basically, when it comes to rental property, both commercial and residential, landlords should conduct tenant assessment and find out which clients have a history of consistent rent payment and with good credit. Such tenants with a good background and great credit will be able to pay rent on time and in full. This will see reduced cases of bounce houses rentals and better rental payment from the tenants. This is why there is need for vetting of tenants before leasing property.
[Photo: flickr.com]
