Calculate Rent to the Day
It would be much easier for tenants to understand their receipts and ledgers if rent was calculated to the day.
It would reduce large part payments and the confusion that most tenants have regarding this especially when looking at their receipts.
Paula Brown
shared this idea
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Leigh Johnson
commented
Certainly agree with this idea. I have lost count how many times I have to explain to a tenant or owner what effective paid to means. I honestly feel if the paid to date was exactly that, it would save so much confusion.
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Paula Brown
commented
Hi Ange, Thank you for your reply.
The best way I can explain what I mean is that we would like rent payments from tenants to be calculated daily, but the file still set to a weekly/fortnight/monthly rent value. Eg Tenants rent is $300.00 per week - they pay $250.00, which moves their paid to date ahead 5 days, with a partial payment of $35.70.
Calculating rent payments to the day would eliminate large partial payments, as a partial payment would never be more than 1 days rent which is alot easier for tenants to understand.
Currently in PT, when a tenant pays their rent, the paid to date on their receipt reflects their effective paid to date, without stating it's their effective paid to date. Their next receipt states rent is paid from their even week date to their new effective date, so tenants think their rent has moved backwards. Eg
1st receipt shows Rent from 22/09/2023 to 09/10/2032 with partial payment of $242.04.
2nd receipt shows Rent from 06/10/2023 to 23/10/2023 with partial payment of $242.04.If still unclear I could explain further over the phone if I could call you directly.