Is rent late if posted to account after due date

2 Replies

I believe Lydron hit the head on the nail.  I have my renters mail all rents even the locals.  In my lease it states rent is due on the 1st and will have a late fee if not in my PO box by the 5th of each month.  

I also scan a copy of check and envelope, so I can see when it was postmarked.  There is no way that it can get to me, if mailed on the 3rd or 4th.  They know this and I remind them.  

As far as your renters direct depositing the rent, they would need a receipt to show when it was made.  Remember good renters are hard to find, but can also develop poor pay habits if you let things slide.