How to Get A Tenant To Pay Rent

Having a tenant not pay their rent can seem like an instant recipe for disaster. The situation can be quickly rectified, however, if you know how to get a tenant to pay their rent. 98% of tenants typically pay their rent on time and most never even make a late payment. If a suddenly good tenant misses a payment, you've got some options with which to work.

Some of these include legal proceedings. Which way is the best for you?

1. Find Out What Is Going On

If you have a tenant who has paid their rent on-time without an issue for years, but then suddenly comes up short, there's a good chance that they have an emergency situation going on. Medical bills, an accident, a death in the family, or getting laid off from a job are all within the realm of possibility. Do you really want to lose such a reliable tenant? Or do you want to give them the chance to make things right?

The second option here is usually the best one. Find out what is going on, work out a payment plan that works for both of you, and you'll have solved the problem.

2. Send a Notice to Pay or Quit

Sometimes you need to take a very hard stance on tenants when it comes to the rent. It begins with a full outline of the details that are required to meet payment obligations. If these obligations are not met, then you have the right to send a notice to pay or quit in order to get the tenant to pay their rent. This works in a majority of cases and in the end, most property owners get a late fee as well – an added bonus for the inconvenience.

3. Offer Multiple Payment Options

If you're only accepting cash or checks at the office, then you're behind the times and could be losing money and tenants because of it. At the very least, offer tenants the option to pay with a debit or credit card. An online portal or pay by phone option will also help people who need to pay in a hurry. An office dropbox that allows for afterhours payments is also a good idea. For landlords or property managers on the forefront of payment solutions, PayPal and even BitCoin are viable options for payment as well.

4. Have Automatic Payments

Other businesses utilize an ACH payment system for reoccurring payments, so why aren't you? Give tenants the option of having their rent automatically deducted from their bank account every month. They won't have to worry about finding time to write you a check or punch in their credit card information and you have a pretty reliable method of getting paid. If the ACH doesn't go through, however, you may have to initiate collection procedures.

5. Offer Rewards

Good tenants deserve to be recognized. If you have tenants that always pay on time without exception, let them know you appreciate their efforts in some way. Go beyond the typical fruit basket or thank you card. Look for gift cards, free coffee, or maybe a meal at their favorite restaurant as a better way to say thank you. That might also get you another 12 month renewal from that tenant and it won't hurt your reputation either.
Posted on Sep 02, 2014


The Landlord Tenant Board: What it is and When it is Needed

Many times, there are issues between a landlord and a tenant that need to be resolved but are failed to do so, because both parties have gone too far with their actions, and have retaliated in the... More

How to Create a Residential Lease Agreement

Where there is a landlord, there will also be a tenant, and it is no surprise that these two parties can only work together once there is some sort of agreement, contract or a binding deal in place.... More

The Best Sites for Rental and Lease Agreement Templates

Many landlords find it difficult to write and draft a lease agreement. Since every State has its own general template, it can also be difficult to make sure your lease agreement meets all the criteria... More

The Best Landlord Associations for Landlords to Join

If you’re a landlord and want to manage your business in a better way, you should endeavor to get in touch with those industry experts who have the experience and the skills to help you do it. This is... More

Unpaid Rent

When you talk about the most common disputes arising between landlords and tenants, nonpayment of rent has to be there in the list. People rent their properties to earn money, and when a tenant... More

Section 8 Landlord Pros and Cons

If you have ever rented a living space and have had to move many times, you’d already know how difficult it is to find decent, affordable and secure living premises. A person has to deal with the same... More

Landlord Inspection Checklist: Rights, Letters, and Reports

Landlords across the state have the prime responsibility to make sure they inspect and up keep their property once they have rented it to the tenants. Inspections can occur monthly or yearly depending... More

Landlord Maintenance Costs and Responsibilities

Everyone knows that a landlord’s job is not easy. These folks have specific duties and responsibilities that they must perform in order to be fair. Being a landlord is not a position but it is, in... More

When to Withhold Tenant Security Deposit

Asking for a security deposit is quite common in property dealings. The reason to ask for a security deposit is to have something that would help a property owner recover some of their financial... More

How to Report Bad Tenants

Bad tenants are the worst-case scenario for any landlord; no one wants them, and if someone has them, they want them out in any way possible. There are times when landlords try as much as they can to... More