Re: Tenant stated that October rent will be late

Re: Tenant stated that October rent will be late by Jake on October 2, 2011 @20:05

For the tenants that follow you should eliminate the grace period unless your state requires one. A grace period gives the tenant the illusion that late payments are actually on time. What you do the first time about a late payment will set the tone for every other payment that is made. Have a pay or quit notice made out. If he shows up without sufficient funds, serve him on the spot. You need to be paid with cash and not excuses.

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thanks Jake by OP on October 3, 2011 @07:55	[ Reply ]

When you say "without sufficient funds" does that include if the late fee is missing but the full rent is there on the 7th?