Your tenant has a late rent payment.Late rent payment can put you in a financial bind. The best solution is to have a plan before the situation happens. We have a three step process for dealing with late rent payments. It centers on our lease and execution of it. Rental property is our business and we treat it as such. Here is how you can deal with late rent payments. Step 1- Make your tenant aware of the processOur lease is very specific on when and where rent is due. It spells out when and the amounts of late charges. The first … (4 comments)
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