There will be news that a contractual relationship entails rights and duties for the parties involved.
With regard to the point of rent collection, nothing like register, mention and clarify from the outset which method of payment. If you choose to pay by bank transfer, method very often, should be mentioned in the contract account number, NIB and respective name of the Bank.
A good collection of income is based on an effective selection of tenants. Well qualified tenants will tend to comply with the obligation of paying the rent on time.
Not forget that a close relationship between landlord and tenant is halfway to the process to be fruitful. Track your tenant, is available. It will be beneficial for both, for example in the rapid resolution of any problems that may arise. Well accompanied tenants tend to defaulting less.
Are, despite all efforts, not things go well and the payment of rent is lacking on the agreed day, should immediately contact the tenant, to realize the delay has. Do not postpone this contact, otherwise is exacerbating a potential problem.
Keep your property with rents in line with market values. It appears that tenants are willing to pay more for a property, than what the market is to practice, tend to default, or to change property. This only increases the downtime and lack of profitability of your property.
If you do not get your tenant to pay the rent, should act immediately. Hire a lawyer and ensures the exercise of their rights. Seek professional help specializing in lace charges.