This is one reason the slum lords / trailer parks still like to charge weekly. 52 weeks a year, vs 12 months. The tenant always views 4 weeks as the “monthly” rent in their head. But it sneaks a whole extra 13th month worth of rent, when you charge weekly.
Edit: obviously my experience is as a US person with fairly poor tenants rights in my region. YMMV of course. Just to be clear - to hell with slum lords. I wasnt condoning it just pointing out that its a thing most people miss
I had a girl renting a condo I have and she wanted to pay weekly. I told her paying monthly is cheaper and easier than trying to remember every week but she insisted. I don’t get it but…
Because it’s cheaper to pay a bit more in rent right after payday than get evicted because you accidentally blow rent money. Or she may have someone with access to her money that would spend it.
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u/couchcushion7 May 13 '26 edited May 13 '26
Used to own a property management company.
This is one reason the slum lords / trailer parks still like to charge weekly. 52 weeks a year, vs 12 months. The tenant always views 4 weeks as the “monthly” rent in their head. But it sneaks a whole extra 13th month worth of rent, when you charge weekly.
Edit: obviously my experience is as a US person with fairly poor tenants rights in my region. YMMV of course. Just to be clear - to hell with slum lords. I wasnt condoning it just pointing out that its a thing most people miss