What are the best days for rent due and automatic loan draft?

[Taylor C]

Wondering if you can share what combination of these works best for you:

a) what day do you make your tenant's rent payment due?
b) what day of the month do you set do have the mortgage payment drafted from your account? (assuming draft is 1x/month)

Thanks

[Jon Holdman]

Rent is due on the first, late on the fourth, unless we work something else out.

I make my payments so they're received on the 1st. The payments go out before I get the rent. If you're counting on getting the rent to make you're payments, you are going to be in a world of hurt if when you have a midnight moveout.