So recently I’ve found myself saying this line to friends & family, “I must be the only person who pays their bills on time. My tenants don’t pay on time. My clients don’t pay on time. So I must be the only one.”
Now, I know that to say this is an exaggeration but this is how it feels sometimes, what with my most favorite mortgage company constantly still pestering me every month even though I still have never made a late mortgage payment….but I digress.
I have the idea that if it was easier for tenants to pay the rent, maybe they would at least try to pay on time. At this point, most of my tenants do pay on time but I’m shooting for 100%.
I’m attempting to enable tenants to pay via our web site with a bank draft type mechanism. Amazingly, all of the tenants have broadband internet access now. While this will take away from my bottom-line, hopefully rent will come in faster.