[lostcolony]

In the tenant agreement, consider including an acceptable late payment date, and a fine if not met (depending on local leasing law). My current place says rent is due on the 1st, acceptable to turn in as late as the 3rd (mainly to account for things like office holidays, Sundays when the office is closed, and the like), and any payment made later is subject to a $100 fee.

Having that helps break tenants down into well defined groups, I suspect, and the appropriate remedies; people who pay on time (or nearly; no worries there), people who don't and who end up paying extra (would be a pain, but an extra $100 a month helps with that), and people whose leases should be terminated for non-payment (because they've gone a month without paying).

[larrys]

That's already in there. The rent is due the 1st and on the 5th the penalty is due.