You're struggling to enforce late fee policies with tenants. How can you ensure they pay on time?
When rent day looms and you're facing late payments, it's essential to enforce policies without straining tenant relations. To navigate this challenge:
- Communicate expectations clearly in the lease agreement, highlighting the importance of timely payments and the consequences of lateness.
- Set up automatic reminders before the due date, providing tenants with convenient payment options.
- Apply late fees consistently to all tenants, ensuring fairness and adherence to the policy.
How do you balance firmness and fairness when dealing with late payments? Share your strategies.
You're struggling to enforce late fee policies with tenants. How can you ensure they pay on time?
When rent day looms and you're facing late payments, it's essential to enforce policies without straining tenant relations. To navigate this challenge:
- Communicate expectations clearly in the lease agreement, highlighting the importance of timely payments and the consequences of lateness.
- Set up automatic reminders before the due date, providing tenants with convenient payment options.
- Apply late fees consistently to all tenants, ensuring fairness and adherence to the policy.
How do you balance firmness and fairness when dealing with late payments? Share your strategies.
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