How do you do your late fees?

[Dannie Barlow]

I have a rental house and the rent is due on the 5th of the month. I give a 5 day grace period after the 5th. Say that they pay on the 13 of the month. Do you charge your daily rate for them being late or do you let it slip. One of my houses in consistent on being late by a few days. Just curious on how everybody handles this. I understand that people have problems that come up. Thanks in advance for your input.