A rent spreadsheet template can save you time and frustration. So what is a rent spreadsheet template and how can it benefit you?
It may sound a bit confusing, but it is really quite simple to understand once you have a couple of examples under your belt. The first thing you need to do is find a sheet that contains all the necessary information you will need for your rent payments. You will need to ensure the rent amount that you will be paying every month, the start and end date of the month, the rent payment amount and, if applicable, the exact period of time you have to pay off the rent.
Rent Spreadsheet Template – How To Create Your Own Budget
Many mortgage companies require their clients to add additional fees onto the total rent payment amount each month. These fees can range from late fees and previous months’ rents and other fees to the following months’ rent.
Rent paperwork must also be included in the spreadsheet so that you can record it and keep track of your rent payments. As an example, a landlord or property manager is expected to deduct the utilities bills for gas and electricity from the rent.
Renter’s paperwork should include the rent amount, the date the rent was received and the rent due date. Some landlords also send out the rent payment reminder each month. The next part of your rent spreadsheet template will include information about any questions you may have regarding your rent.
Keep records of rent-paid dates and the tenant’s name, address, phone number and email address. Information on whether you have been paying the rent on time, and if not, the reason why.
Next, add important information to the spreadsheet. Do you have items to give your tenants? You should record the date and item number of your tenants.
For every tenant, include the deposit you pay for them on an individual basis. This is to ensure that they are not overpaying you in the long run.
One last tip to remember when it comes to a rent spreadsheet template is to include a separate column for the names of each tenant. This column should also contain a space for each rent due date.
Once you have the spreadsheet to hand, you can start planning out the process of paying extra rent for past due payments. For this you will need the exact date each individual rent payment was due and, if applicable, the amount that was paid.
It is quite common for rental property owners to send an additional payment for their rent owing tenants to make up for lost rent money or to cover any extra money they would have missed out on. In order to simplify things for you, you can write this payment down and you are good to go.
Most importantly, if you were able to receive an extra payment for a late rent payment, then you should mark this as part of the rent payment you received in the past month. A rent spreadsheet template will help you organize and keep track of your finances in an easy way. READ ALSO : rent payment excel spreadsheet
