Prorated Rent Explained in Under 60 Seconds
Summary
This video explains how to prorate rent for short-term rentals. It covers when to use prorated rent, typically when a tenant moves in mid-month. The calculation involves dividing the monthly rent by the number of days in the month to get a daily rate, then multiplying by the number of days the tenant will occupy the property.
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Curated by Learn STR by GoStudioM