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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 the dot can be a problem in some cases. This also applies to bills like your rent payment due on the first day of every month. Yet, paying your rent late has real consequences, like late fees and possibly a grumpy landlord – or something worse. It can also make it hard to qualify for a new rental home at some point since your current landlord isn’t likely to give you a positive recommendation if you are consistently paying late. To ensure you’re paying that rent (and your other bills) at the stated time every month, here are a couple of strategies that might assist.

Pay Online

Today, various Eden Prairie property managers offer online rent payments to their tenants. If yours does, you should take advantage of it. It’s one of the best ways to ensure you’re getting that rent payment in on time. Online payments are incredible as they move funds rapidly and securely from your account to your landlord’s bank. Many systems will even allow you to 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

Another exceptional way to ensure 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. In this manner, you don’t need to be frightened of logging in to submit your payment – it’s all completed 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. Explore 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 very useful. If you tend to leave things to the last minute, you may need to set up a particular date or set aside time each month to take care of all of your bills at once. It’s also critical 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 people understand the value of creating a simple spreadsheet or checklist, primarily if you like checking things off. You can ensure that your rent is paid according to schedule each month by keeping everything structured.

Create Reminders

We all should be reminded of important tasks occasionally. So, one method to be on time with your rent payments is to create these reminders for yourself ahead of time. If the idea of an electronic reminder is more effective for you, you could set up a calendar or use a reminder app on your phone or computer. Alternatively, your reminder could be as simple as writing notes on a calendar that hangs somewhere you will be sure to notice it.

Reward Yourself

In the end, when you pay your rent on time, it is necessary to give yourself a little treat for a job well done. Positive reinforcement can be an excellent way 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, which will help you remember to pay it on time every month afterward.

Paying your rent on time is easiest when your landlord offers convenient ways to pay. Yet, if your current landlord isn’t aware of the latest with their payment options, it might be an excellent time to locate one that is – particularly Real Property Management Viking. You can contact our office to learn more or inspect our online listings to track down quality rental homes near you.

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