Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 27 days ago on . Most recent reply

User Stats

91
Posts
68
Votes
Parris Taylor
  • Investor
  • New York, NY
68
Votes |
91
Posts

Rent day...here's the playbook I've built

Parris Taylor
  • Investor
  • New York, NY
Posted

Most landlords think rent problems start when tenants stop paying. They don’t. They start the moment you accept rent without structure.

Here’s how we can flip control overnight:

Track behavior, not stories. Most software stops at “rent received.” You need data that exposes behavior.
Late once is a blip. Late twice is a signal. Late three times is culture.

Example: Create a simple tracker: Tenant | Due Date | Paid Date | Days Late | Comments.
Highlight anyone with 2+ late cycles. Within 60 days, you’ll know exactly who’s dependable.

Incentives outperform penalties. Tie rent to credit reporting. On-time payments raise scores; late ones hurt. When rent helps build credit, tenants pay early. (Most rent-reporting tools like Esusu, Boom, or Rent App require a unit minimum or tenant opt-in with a small fee.)

Example: Add a lease line: “Tenants may opt in to rent-reporting to build credit history.” It’s positive pressure that costs you nothing.

Professional distance is leverage. If tenants text your personal number, you’ve already lost authority. Route everything through one neutral number. Systems enforce respect better than reminders.

Example: Set up a Google Voice or Twilio number for rent, repair, and notice communication. You’ll 2x compliance and cut stress in half.

Build operational liquidity. When rent hits, it should already have a destination. Create a reserve account for CapEx and vacancies. Liquidity is leverage.

Example: Auto-transfer 10% (or insert your #) of rent into “Property Reserves.” At $2k/month, that’s $200/month or $2.4k/year, which is your stress buffer.

Escalate through structure, not emotion. Emotion kills consistency. Systems don’t care. Second late payment: fee. Third: notice. Same wording, same timing, every time. (Follow your local grace periods - consistency matters more than speed.)

Example: Save late-fee and notice templates in Google Docs. Send them word-for-word each time.

You don’t need more software. You need structure.
That’s how small landlords stop chasing and start running real systems.

Happy to swap notes on what’s working for your rent collection setup. Cheers! 

Loading replies...