How to track rent payments (without the spreadsheet stress)
Late or missed rent is easier to fix when you spot it early. Here's a simple system that works for one property or a hundred.
1. Record what's due each month
Set up each tenancy with the rent amount and due day so every month has a clear expected payment.
2. Match payments from your bank
Check your bank statement against what's due. Look out for part-payments and joint tenants paying separately.
3. Act quickly on arrears
A polite reminder a few days after the due date resolves most late payments. Keep a record of every reminder you send.
4. Keep it tax-ready
Note commission, fees and expenses against each property so your year-end figures are ready for Self Assessment.
Do it automatically
Estateflow matches bank statements, flags arrears and can send reminders for you by email or WhatsApp.
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