The investment on a rental property goes wrong when you find long vacancies. It is definitely not the desire of a property owner to see his property vacant. Rent collection is one of the toughest things to do while managing the property. This is the true outcome hence one cannot ignore it as well. If you are looking for an effective means of rent collection, you can always hire a property management company. But, it should be your responsibility to fix the way of rent collection. There are many landlords who believe renting out their property for a longer period of time on lease. Whereas there are few who think that monthly rent collection is the best way. Most landlords rely on term leases to keep renters in place for a set period of time; but would you and your residents benefit from an alternative arrangement? Before you decide on the mode of monthly payment, we are here telling you few of the considerations you can take. Consideration #1: ...