Late Payment Received

    Friday I received the rent payment for Condo #1.  I mentioned in my post last week that this was the first payment where the rental increase was due.  I received the full rent plus the late charge.   We'll see if September's rent comes in on time.  Hopefully the payments will now roll through as scheduled.  There was no note included, just a money order.  I have had a very good relationship with this tenant up to this point.  I hope that my sending a letter instead of calling didn't offend him.  I gave an explanation why in my letter to him.  I included a quick note with the receipt for payment thanking him and hoping all was well.  I'll have to make it a point to give him a call when my schedule clams down a bit.

      September will also bring in the first full month's rent payment due from house #1.  Up to this point there was the pro-rated month's payment due for moving in early and the first full month's rent was included with the security deposit.  Hopefully that will come in on time and all will be good….until the next problem of course.

     With as crazy as my traveling schedule has been I need the properties to be problem free for another month or so.  After that I should have some time to dedicate to them should they need attention.

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