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The second step is to enforce late charges each month. Tenants hate to pay additional rent and when they know you are going to cost them $5 each day the lease is late they will make every effort to get that hire to you on time. Charging late charges and more importantly imposing late charges additionally takes some of the stress out of not having that rent in hand. You realize you’re making $5 additional per day and if they do not pay the charge immediately you possibly can deduct it from their deposit at any time. Be sure to inform them you made this deduction and do not let the safety deposit go to low using this methodology.

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