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Updated about 11 years ago,
Rent payment affected by tenant paycheck schedule change
I have one tenant who has been on time with rent payment since the start of her lease in January. However, since her paycheck schedule changed from 15th/30th to every other Friday in Nov, she has difficulty to pay her rent on time. In early October, she notified me that she could not pay the rent on 1st per her lease. Instead, she will pay on Nov.8th with $185 late fee. So I asked eRentPayment.com not charge her on 1st, instead charge her rent payment plus $185 on Nov. 8. This went fine in Nov. Then in late Nov, she said she may have problem with paying rent on 1st because she will not get her paycheck until Dec. 5th. By the time she told me, it was too late to change the schedule. As expected, the payment was bounced back due to insufficent fund. Because she could not get her paycheck until Dec. 5th, she asked me whether she need to pay rent payment plus $105 late fee if she pays on Dec. 5th. She has been a good tenant and I prefer not charging her late fee in the future. But I am not sure how I could change my rent payment schedule to fit her paycheck schedule since she gets paid bi-weekly and we charge the rent monthly. For now I change her payment schedule to 3rd from 1st, but that still does not solve the problem. Her lease is two years. So we still have one more year to go.
Do you have any suggestion? I could tell her not to live paycheck by paycheck, but then this does not solve the problem either.
Thanks.