What is your Late rent policy

[Nate Valentine]

I’t seems just recently I have really had a hard time collecting rent on time. I just went they a major renovation after a non paying tenant finally moved out (covid eviction ban). One of my other properties appears to be headed that same direction. 1 week late, 2 weeks late, check bounced, etc. I’m curious what other landlords are doing? At what point do you send a letter and what does it say? 7 days late, 14 days late? Thanks!