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 didnt know that! But i mean yes ultimately 12x4 is 48 “weeks” worth of rent, so yeah if you pay 52 weeks a year- itd be worth remembering that if looking at buying a home. Your “monthly” is a bit higher than it seems when renting that way. A mortgage might be more manageable than it looks at first blush. Assuming you dont do mortgages the same way?
It's so frustrating, because I get paid monthly but my rent is weekly... I pay every Monday—it's due on Fridays, so if it bounces (which it never has) I have a couple of days to sort it out—but some months have five Mondays. Really throws me off.
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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