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Extracting timely rent payments from tenants is an ongoing challenge for many landlords. Year after year, surveys reveal that non-payment of rent is one of the biggest headaches that those of us in the property management business face. Whether your tenant is facing financial hardship or is just too disorganized to make timely rent payments, the chain of events that is set in motion when one, two, or even more months’ rent are missed hurts everyone.
The late notice is the landlord’s best line of defense in the battle against delayed rent payments. When used properly, this humble little document can significantly increase the chance that your tenant will pay on time, every time. Here are a few tips to help you use late notices in a way that will maximize your rent collection rate.






