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Updated almost 7 years ago on . Most recent reply

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592
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138
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Kyle Meyers
  • Residential Landlord
  • Indianapolis, IN
138
Votes |
592
Posts

Rent Reminders

Kyle Meyers
  • Residential Landlord
  • Indianapolis, IN
Posted

Do you remind your tenants each month when the rent is due? Lately, I have had more and more issues with late payments. I have not sent reminders in the past and had not had much late payment trouble. The last couple months, I started sending a reminder email the evening of the 1st if the rent isn't in yet. My tenants pay online and can pay up until midnight on the due date.

Most Popular Reply

User Stats

174
Posts
103
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Terri Pour-Rastegar
  • Rental Property Investor
  • Charlotte NC Fort Mill SC Lake Wylie SC, SC
103
Votes |
174
Posts
Terri Pour-Rastegar
  • Rental Property Investor
  • Charlotte NC Fort Mill SC Lake Wylie SC, SC
Replied

Does your mortgage company or the bank that has your car loan send you reminders?

"Reminders" should come in the form of a late notice (with late fee info attached) sent out by mail, email, text--whatever--as soon as rent is late. It's either due on the 1st or it's not.

Sending reminders sets a bad precedent, and tenants will expect to be coddled well into the future.

I too found that a few of my tenants were having trouble making it on the 1st. Turns out they could never be sure if their last-day-of-the-month paycheck deposit got through in time. So, I gave those tenants the option of paying by the 5th. They were thrilled, and now the rent is no longer late. But I do not remind them. I am too busy for that.

  • Terri Pour-Rastegar
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