Any landlord offer your tenants rent coupons?

[Jimmy S.]

Any landlords give their tenants a coupon or voucher for a small discount $10 lets say, if they pay a certain amounts of months on time?

I was thinking of starting this and giving my tenants a $10 discount "coupon" on the rent if they pay 4 months in a row on time or is this a dumb idea? Least it gives then some incentive to try to pay on time...

Let me know your thoughts.

[Dan Perrott]

I don't do this but another landlord in my area charges $100 more for rent than the area average but will offer $100 discount for paying before the due date.  It's kind of a reverse way of thinking about it.   They do charge additional late fees on top of the $100 if they pay after the due date.  I don't know if it works but they use it all of the time.

For example - going rate in the area is $800.  They charge $900 a month due on the 1st.  If they pay before the 1st of the month, then they pay $800.  If they pay on the due date it is $900.  If they pay after the date due, then late fees are added to the $900. 

Just another way to get people to pay on time.  Don't know if it really works....