How to Deal with a Tenant Who Pays Late

By chrisrath • July 7th, 2010

Every homeowner experiences this problem at least once: a renter gets behind with paying rent. It is inconvenient, but it happens. Most likely, the tenant has a million excuses why it’s late, and they promise it will be in the mail within the next few days. However, when you finally receive the check in the mail, it is postmarked several days after they said they would send it.

All these excuses become tedious after a while, so homeowners should take some precautions to prevent late rent as much as possible. Let the tenant know at the very beginning that you will not tolerate late rent. Charge a little extra if they pay after their due date.

It is very likely that the tenants will be able to pay on time if they know the consequence is paying more money. Another thing many homeowners do is after the rent is a few days late, they send a notice stating that the tenant has a certain number of days to pay. If the money is not in your possession at the end of that time, the renter must move out immediately.

It doesn’t matter if the tenant is nice or if he or she never caused problems before, late rent is not a joke. This usually works to encourage paying rent on time, because the tenant most likely does not want to leave on such short notice. Renter who pay late once and get away with it tend to pay later and later every month, so be firm from the start.

About the author

chrisrath I enjoy helping people find that right home whenever faced with a relocation situation due to their job or even a major life event. Since I have access to a large inventory of homes for sale and also manage many properties in the northern Delaware region, it is easy for us to help anyone make a smooth transition into this area. I am a licensed Real Estate Agent and also manage my own company Rath Management where we locate, screen, secure, counsel, and communicate with the tenant and the investor throughout the entire leasing process to keep homes filled. Our company also manages maintenance issues, collects and forwards rent monies, and even helps with the dreaded eviction process in the event a tenant does not keep up with the terms. Chris Rath

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