Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 almost 7 years ago,

User Stats

3
Posts
3
Votes
Ari Siesser
  • Developer
  • Atlanta, GA
3
Votes |
3
Posts

Late Rent vs Changing Rent Due Date

Ari Siesser
  • Developer
  • Atlanta, GA
Posted

Hello - I recently inherited a triple-net shopping center with 6 tenants a few months ago. I have been spending a lot of time getting to know the tenants, the leases, etc. Anyways, one of my long term tenants (been in the center 11 years) paid his rent late this month. When I discussed it with him, he mentioned that he has a lot of bills coming out on the first, and that later in the month is better for him. 

I spoke to my attorney about writing an addendum to the lease to change the rent due date to the 15th instead of the 1st, and I am considering giving my tenant the option of paying for the attorney to draft the addendum. My question is: even though it doesn't really make a big difference to me whether I receive the rent on the 1st or the 15th (as long as I actually get it), would you recommend for or against changing the lease agreement to accommodate a tenant in this situation? 

Thanks!! 

Loading replies...