Rent Payments on Holiday Weekends

[Kristin Caras]

This is our first month of collecting rent on our first rental property. Rent is due on the 1st of the month, which on this month fell on a Sunday (9/1), then followed by Labor Day (9/2).

I called our property manager on 9/2 and he said he wasn’t expecting payments on time being that it is a holiday week and wasn’t sure if rent payments had come in yet.

Being that it is our first month with inherited tenants I want to make sure things go smoothly and we are enforcing our lease, but I do understand that banks are closed these days.

If the rent has not yet been paid and they come in today, Tuesday, 9/3, would you consider that late? In general, do you consider it late if the 1st of a month is a Sunday and the payments come in on the 2nd (Monday)? I don’t want to be unreasonable but I just want to make sure we are doing the right thing on our first go around. Thanks!