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Tips & Tricks to Paying Rent on Time

A Calendar with a Note to Pay Rent on the FirstPaying your bills in time might be troublesome in some cases. This is especially relevant for bills like your rent payment due on the first day of every month. But paying your rent late has real consequences, for instance, late fees and possibly an angry landlord – or worse. It can also make it impossible to qualify for a new rental home as time goes by since your current landlord is hesitant to offer you a great recommendation if you have been paying late from the beginning. Here are a few strategies to assist you in ensuring you’re paying that rent (and your other bills) on time each month.

Pay Online

Today, lots of Webster Groves property managers offer online rent payments to their tenants. If yours does, you should take advantage of it. It’s one of the most dependable ways to guarantee you’re getting that rent payment in on time. Online payments are favorable because they move funds fast and securely from your account to your landlord’s bank. Lots of systems will even help you schedule a payment in advance for a specific date. Just make your payment a day or two before it’s due to allow for processing time.

Set Up Automatic Payments

One more best way to ensure that you pay your rent on time is to set up automatic payments from your bank. Some landlords can help you set up ACH or other automatic transfers that will pay your rent for you on a specific date each month. Due to this, you don’t need to bother about logging in to submit your payment – it’s all done 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. Check 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 extremely beneficial. If you tend to leave things to the last minute, you may need to assign a particular date or set aside time each month to take care of all of your bills at once. It’s also a good idea to keep a file (either paper or electronic) containing all of the information you need to get your bills paid on time each month. Some individuals recognize the value of creating a simple spreadsheet or checklist, mainly if they like checking things off. By placing everything in order, you can ensure that your rent is delivered each month on time.

Create Reminders

We all have to be reminded of important tasks from time to time. So, one way to be on time with your rent payments is to do these reminders for yourself early. If the idea of an electronic reminder is more effective for you, you may set up a calendar or use a reminder app on your phone or computer. Otherwise, your reminder could be as simple as writing notes on a calendar that hangs someplace you’re likely to see it.

Reward Yourself

In the end, when you pay your rent on time, you should give yourself a little treat for a job well done. Positive reinforcement can be an effective method to guarantee that you pay your rent on time every month. By treating yourself to a little sweet or splurge item, you can build positive associations with paying your rent and help 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. But if your current landlord isn’t up to speed with their payment options, it may be better to select one that is – like Real Property Management Specialist. You can contact our office to learn more or explore our online listings to find extraordinary rental homes near you.

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