{"id":787,"date":"2022-06-29T10:47:43","date_gmt":"2022-06-29T10:47:43","guid":{"rendered":"https:\/\/loftypm.com\/?p=787"},"modified":"2022-12-13T19:48:04","modified_gmt":"2022-12-13T19:48:04","slug":"how-notify-tenants-late-payment","status":"publish","type":"post","link":"https:\/\/loftypropertymanagement.com\/how-notify-tenants-late-payment\/","title":{"rendered":"What to Do When Tenants Don\u2019t Pay Rent"},"content":{"rendered":"

\u00a0Managing your rental is a demanding job, and when your tenant is missing a payment, things can get even more complicated. You can easily fall behind on your own bills which can lead to late fees. Whether it\u2019s a little delay or <\/span>your tenant has a history of paying late<\/span><\/a>, you don\u2019t want your business to operate at a loss so you should act quickly.<\/span><\/p>\n

If you don\u2019t feel like dealing with it on your own, there are always great property management companies in Mission Valley, CA. To find out how to handle this situation by yourself, keep reading!<\/span><\/p>\n

How do I write a late payment notice?<\/span><\/h2>\n

There are different ways to approach delays in payment, but writing a late payment notice is among the better ones. It is a notice written and signed by a landlord. This way you can formally remind the tenant that the rent is overdue. It should include a grace period, a late fee for past-due rent, and legal actions that will be taken if the rent is not paid. This guide can be especially <\/span>helpful for first-time landlords<\/span><\/a>.<\/span><\/p>\n

What to include<\/span><\/h3>\n

There are certain parts and information that every good late rent notice should include:<\/span><\/p>\n

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