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Portable Tenant Screening Report: A Comprehensive Guide
Discover the benefits and considerations of Portable Tenant Screening Reports (PTSRs), which offer a cost-effective, reusable screening option for tenants and require...
Pro-rating rent doesn’t have to involve Einstein-like equations or a multi-level chalkboard. Here are three simple methods to easily prorate rent (Hint: It’s not as complicated as the photo above).
This is the most common method for residential rentals.
This method used to be pretty common but has now been mostly replaced by the method above.
This is the most common method to calculate rent during the sale of a rental property (when transferring rent from one owner to another when the closing date of a sale takes place in the middle of the month)
There you have it, as promised, three simple methods of how to prorate rent for your tenants. Each method will calculate a slightly different rent amount. It’s a good idea to use one method – which for most residential rentals will be method #1.
Here’s an even easier way, use our automated prorated rental calculator (This uses method #1 above).
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