What Incentives Do You Use to Collect Your Rent on Time? via Multifamily Insiders by Nate Thomas

You know I have read old posts about rent collections and here is one which it may not work for every community, but may work for some.

One property placed it in the contract with the personnel that if they paid their rent on time on a "by date" for 12 consecative months they would only pay a 1/2 months rent for that following month past that.

The manager ensured that each tenant on a monthly basis received a thank you for their timely rent payment and would have on each notification their status as it assisted them all to ensure that if there was a mistake it was caught right away.

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