Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

107
Posts
36
Votes
Jason Krawitz
  • Flipper/Rehabber
  • Mount Juliet, TN
36
Votes |
107
Posts

1st rent payment after moving in is late.

Jason Krawitz
  • Flipper/Rehabber
  • Mount Juliet, TN
Posted

So rent was due yesterday. As of today, still no money in my bank account. I provided a stack of deposit slips when we signed the lease and outlined expectations on how rent will be paid via deposits into my account.

The lease says I will charge a late fee if the payment is more than “0” days past due.

Since yesterday was a Sunday, would you wait until tomorrow to drop the hammer on him? Would you call or e-mail a friendly reminder and clarify expectations again? Any other advice?

Most Popular Reply

User Stats

1,568
Posts
567
Votes
Peter MacKercher
  • Residential Real Estate Broker
  • Saint Louis, MO
567
Votes |
1,568
Posts
Peter MacKercher
  • Residential Real Estate Broker
  • Saint Louis, MO
Replied

I'm very confused on why you're worried. You gave them deposit slips and they have to go to the bank to deposit them. Yesterday was sunday and the bank was closed. If they did night deposit it will be tuesday before it shows up.   I'm i missing something?

Loading replies...