Landlord’s Tip of the Week
Late Fees!
You have to be consistent and professional when enforcing late fees. You cannot let it slide or be slow when dealing with late payments. If you start accepting late payments this will be taken by the tenant as an ok to be late with the rent. You need to let the tenant know that you expect the rent on time every time. Confrontations as a landlord are inevitable but don’t make it harder on yourself!
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