As simple as S.A.S.E.

As a small business owner (rental property), it is important to be organized and to demonstrate to your tenant your organizational skills.  An effective tool I have employed is providing my tenants a S.A.S.E. – self-addressed stamped envelope.

The tenant who rents my parking space LOVES the fact that I send her both a receipt acknowledging payment of rent and also a S.A.S.E. for the following month’s rent.  She told me she rents another parking space from a different owner.  This owner never acknowledges receipt of the rent.  The tenant never knows whether he has received the check until it is cashed.  She really appreciates my monthly receipt because I am communicating with her (and, in essence, thanking her for paying the rent).  This tenant is an ideal tenant from my perspective because she pays the rent usually a week to 10 days in advance.

The tenants who moved out of the condo earlier this month also commented favorably about my practice of sending a receipt and a S.A.S.E. each month.

IMHO it is to the benefit of the landlord to send a receipt and a S.A.S.E.  First, you want to acknowledge that the rent has been received.  Second, you are sending a friendly reminder about the next month’s rent.  Third, you simplify the process for your tenant by supplying him/her with a S.A.S.E.  And fourth, this is a deductible business expense.

Simple indeed.

 

 

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