Trend of late rent with inflation, how hardline are you?

[George Red]

I purchased a few rentals in the past few years. Have had minimal issues with late rent but it seems to be happening more frequently. As inflation has continued... have others been experiencing this with tenants? How much of a hard liner are you on collecting late fees and posting notices to cure etc.. Rent is coming in, just a week or two late. I'm looking for best practice here... anxious not to lose a tenant and then have to pay for a turn by pushing too hard, or is best practice to push hard early and often so it does not become a long term issue? I do have one vacant unit that is posted for rent but it's been available for 2 weeks without any takers, trying not to push myself into vacancies in the "off" rental season.

Thanks in advance, any tips/thoughts welcome.