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Updated about 13 years ago, 11/04/2011
Change when rent is due to help tenant?
Hello BP friends,
I wanted your opinion on this situation. I have a tenant in one of my properties. She moved in on Sept 16th of this year so she has only been a tenant for roughly 2 months. She has been a great tenant so far. Her November rent was due on the 1st and she was late. I talked to her that day and she said her direct deposit doesn't come in until the 4th. She gave me a check today with the applicable lates fees. She said that is just how her employers payroll works. Now my question is, since she has been a good tenant, and is very transparent, would you change her rent due date by 3 days due to her direct deposit date? I see this as a kind gesture on my part, I know I can make more money by having her pay late fees, but I feel like if she is a good tenant (taking care of the property, paying rent with transparency on this latest issue)I could "help" her out.
thoughts? I've heard the expression "if you give someone an inch, they will take a mile".
Thanks!~