[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: How to handle periodic cash reciepts vs. non-periodic accounts payable?

Richard writes:
> Does anyone have any ideas/suggestions?

My wife suggests that you simply change this guys contract to bi-weekly
rental instead of monthly rental.  You may want to add language making the
notice period 30 days.  Alternatively, she suggests that the tenant open a
deposit account and have the direct deposits made there.  Each month you
would then take out his rent (he'd have to seed the account with enough
cash to make sure it never gets overdrawn)
John Hasler 
Elmwood, WI USA