Rent due date

[Kevin N.]

Hi,

I recently stop running around to collection rent and ask my tenants to mail in the rent at the 1st of each month. I ran into a few issues. Tenants said they mailed in the check on the first but didn't mail it to the 6th. Sometimes I don't get the check at all and they say the mail probably got lost. How do you guys deal with these issues ?

Kevin

[Ursula B.]

I give my tenants a regular mail address (PO Box), and overnight address (street address) and now an online option to pay rent. It's up to them to figure out how to get it to me by the 5th. Once the 6th rolls around with no payment, the late fee kicks in. On the 11th, the summary ejectment admin fees kick in.

I tell my tenants it's nothing personal, strictly business. They need a roof over their heads and I need the rent on time.