First two months: Late rent payments

[Jonny Morris]

Hello all, New renter has been late twice with partial rent payments. He paid in full a week later. My main issue is he has not been up front with me after I called him. Blamed the bank and said "would be in next few days" then when I checked the bank it was short... I am planning a chat face to face to enquire into a possible reason...then ensure he knows next month (if late) will be a late fee. Any thoughts or feedback? This is my first of 7-8 renters who have been late...

[Darren Budahn]

I would have charged him the late fee immediately after the first time. So I would do that right away. If he's late again give him a pay or quit notice immediately. Next time you see him make it clear that you wont tolerate late payments.