What is Prepaid Rent?

These are unearned rents that have been made on your Property and will become earned upon the rent due date.

Prepaid rent is a rent payment that has been posted to your Residents’ account prior to the rent due date. These amounts will appear in the Other Transactions section of your monthly statement because they are rendered unearned until their due date passes, at which time, these rent payments become earned.

 

This frequently occurs with homes where rent is subsidized or Residents prefer to make multiple payments a month before their full rent payment is due.