Do you hate it when you have to chase your rent from your tenants?

[Wendell De Guzman]

Here's a "Hack" I use so I don't have to chase my tenants for their rent checks:

http://www.biggerpockets.com/blogs/4240/blog_posts...

What other techniques do you - landlords, use so you don't chase your tenants for their rent?

[John Chapman]

That's a pretty good one.  It's always good to make it as easy as possible, and the biggest improvement I've made is going all electronic in terms of collecting rent.  (I use Buildium.)  

That being said, I think all the tricks in the world won't do you any good unless the tenants know to prioritize paying rent first.  I used to hate doing it, but I now vigorously enforce late fees, and I send out a notice to vacate (pay or quit) on the fourth, even if they have called in advance and said they will pay late.   (I obviously don't file right away or anything.)  My notice is pretty scary, and if tenant tries to short  the late fee (which they will sometimes do), I promptly follow up and let them know that rent is not considered fully paid.  It may seem mean, but it's the only way to train some of them.