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How should landlords handle a tenant payment returned for insufficient funds?
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In a down economy you are more likely to come up against a tenant whose check doesn't clear due to insufficient funds. Do you have a plan for when this happens? Rent Perfect President David Pickron shares some key insights on what he had to due recently when he received his first insufficient funds...
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What happens if my payment is returned by the bank? |
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Payments may be returned by the bank if there was not enough money in the account to cover the payment (insufficient funds) or for other reasons such as a closed account, frozen account, inactive account, or invalid account number. Banks charge a returned payment fee to the landlord which will the...
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What happens if my tenant's payment is returned by the bank?
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Payments may be returned by the bank if there is not enough money in the account to cover the payment (insufficient funds) or for other reasons such as a closed account, frozen account, inactive account, or invalid account number. The payment processor will charge a $25 returned payment fee to the...
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What should I do if my tenant has a non-sufficient funds payment? |
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With the rapid rise in rents, we are seeing more evictions and having a rental check payment returned for NSF is happening more than ever. Rent Perfect President David Pickron shares his experience with the first NSF check he has received in his 26 year landlord career. 🏠 The Rent Perfect system...
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