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Updated almost 5 years ago on . Most recent reply

User Stats

15
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5
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Vysakh Sivarajan
Pro Member
  • Investor
  • Nashua NH
5
Votes |
15
Posts

First time investor, tenant paying early

Vysakh Sivarajan
Pro Member
  • Investor
  • Nashua NH
Posted

Hello BiggerPockets members,

I got my first unit recently rented out in Nashua New Hampshire and I am dipping my toes into real estate investing. I got a tenant who is now paying his next month's rent too early. He is paying almost half of the rent 20 days early and the rest by the due date. Even though I don't mind getting paid early, the lease agreement says full payment by the due date. Should I just enforce that or just allow to continue ? 

Btw, this website and the forum is just awesome. Everyone seems to encourage others to get better in REI.

- Vysakh

  • Vysakh Sivarajan
  • Most Popular Reply

    User Stats

    234
    Posts
    207
    Votes
    Jeremy Wirths
    Pro Member
    • Auburn, NH
    207
    Votes |
    234
    Posts
    Jeremy Wirths
    Pro Member
    • Auburn, NH
    Replied

    @Vysakh Sivarajan piggy backing in what @Ann Bellamy said, there was a recent post where a landlord received rent on the 1st and 15th of each month as this was easier for the tenant. If you do so make sure you make necessary adjustments in your contract for such. Just another option.

  • Jeremy Wirths
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