Every month we have a few people who are late paying rent. Not always the same people each month but the stories are the same: I was sick, was off work, forgot, I’m out of town, you get the picture. When we have to track down tenants to find out when they are paying, it makes it much harder to be understanding. The lease agreement allows for late fees. These daily fees add up quickly. However, if paying late is rare and by being responsible, tenants call us right away, tell us the problem and a solution to the problem, we are more likely to forgive the late fees. Being responsible literally pays. A simple phone call can save you a lot of frustration.