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Tips & Tricks to Paying Rent on Time

A Calendar with a Note to Pay Rent on the FirstPaying your bills on time might be a struggle in certain circumstances. This is correct even for bills like your rent payment due on the first day of every month. But paying your rent late has real consequences, such as late fees and perhaps a disgruntled landlord – or worse. It can also make it difficult to qualify for a new rental home sooner or later since your current landlord isn’t likely to give you a glowing recommendation if you are paying late all the time. To make sure you’re paying that rent (and your other bills) on time each month, here are a few strategies that can help.

Pay Online

Today, several Henrico County property managers offer online rent payments to their tenants. If yours does, you should take advantage of it. It’s one of the best methods to assure you’re getting that rent payment in on time. Online payments are ideal as they move funds quickly and securely from your account to your landlord’s bank. Several systems will even enable you to schedule a payment in advance for a specific date. Simply make your payment a day or two before it’s due to allow for processing time.

Set Up Automatic Payments

Another wonderful technique to guarantee you pay your rent on time is to set up automatic payments from your bank. Other landlords can help you set up ACH or other automatic transfers that will pay your rent for you on a specific date each month. In this method, you don’t need to think about logging in to submit your payment – it’s all accomplished for you! Even if your landlord doesn’t offer automatic payments, you may be able to set up automatic payments through your bank or credit union. Look into your bank’s bill payment tools to see if yours offers this service.

Stay Organized

Creating a system for your bill payments, including your rent payment, can be pretty useful. If you decide to leave things to the last minute, you may need to designate a particular date or set aside time each month to take care of all of your bills at once. It’s also imperative to keep a file (either paper or electronic) with all of the information you need to get your bills paid on time each month. Some individuals consider that creating a simple spreadsheet or checklist is effective, mostly if you prefer checking things off. You can guarantee your rent is paid promptly every month by getting everything prepared.

Create Reminders

We all need to be reminded of important tasks once in a while. Therefore, one method to be on time with your rent payments is to set these reminders for yourself early. If you enjoy the notion of an electronic reminder, you might set up a calendar or use a reminder app on your phone or computer. Alternatively, your reminder could be as easy as writing notes on a calendar that hangs somewhere you will be sure to notice it.

Reward Yourself

Ultimately, when you pay your rent on time, remember to give yourself a little treat for a job well done. Positive reinforcement can be an important method to make sure that you pay your rent on time every month. By treating yourself to a small sweet or splurge item, you can build positive associations with paying your rent and make you more easily remember to pay it on time every month afterward.

Paying your rent on time is easiest when your landlord offers convenient ways to pay. However, if your current landlord isn’t quite up-to-date with their payment options, it may be time to search for one that is – such as Real Property Management Richmond Metro. You can contact our office to learn more or browse our online listings to find quality rental homes near you.

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