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Old 08-26-2009, 05:04 PM
FBJ FBJ started this thread
 
Location: Tall Building down by the river
39,605 posts, read 58,847,305 times
Reputation: 9451

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Quote:
Originally Posted by calel View Post
I don't understand why you can't send the payment early or simply not spend your rent money for the one week before it's due.

Because I never had the opportunity to have two paychecks in a row without paying rent
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Old 08-26-2009, 05:05 PM
 
Location: southern california
61,289 posts, read 87,163,795 times
Reputation: 55550
tenant and landlord and make rent day any day of the month they want. but must be mutually agreeable. reasonable to make it fall on payday.
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Old 08-26-2009, 05:49 PM
 
Location: Land of Free Johnson-Weld-2016
6,470 posts, read 16,339,509 times
Reputation: 6518
Quote:
Originally Posted by STT Resident View Post
Why have you created two threads on exactly the same subject in two different forums? And why don't you just ask your landlord? Or read your lease as you may be subject to late fees ... Doh.
Wa TAA! LOL twitter
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Old 08-27-2009, 06:31 AM
 
Location: Fuquay Varina
6,424 posts, read 9,745,562 times
Reputation: 18295
Give them the rent check on the 5th, it won't hit the bank before the 7th.
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Old 08-27-2009, 09:24 AM
 
Location: Boise, ID
8,046 posts, read 28,387,253 times
Reputation: 9470
Quote:
Originally Posted by SVTLightning View Post
Give them the rent check on the 5th, it won't hit the bank before the 7th.
In most cases, this is bad advice. If the LL deposits rents every day, it could easily hit on the 6th or even on the 5th. Gone are the days where you could "float" a check, as this is called.

However, this month, the 5th is a Saturday, and the 7th, Monday, is a public holiday, for which the banks will be closed. If you give them a check on the 5th, the soonest it would hit would be Tuesday the 8th. But you also cannot deposit your check on Monday, as again, the banks will be closed.

The possible exception would be if you bank at the same bank as the LL, in which case, if they took it over on Saturday, it could hit the same day.
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Old 08-27-2009, 09:59 AM
 
6,034 posts, read 10,655,651 times
Reputation: 3989
Quote:
Originally Posted by TVandSportsGuy View Post
Because I never had the opportunity to have two paychecks in a row without paying rent
Well, waaah boohoo. Pay your rent on time and don't be a deadbeat.
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Old 08-27-2009, 10:07 AM
 
Location: Hookerville, formerly in Tweakerville
15,115 posts, read 32,176,049 times
Reputation: 9689
If your landlord uses the same bank that you do, the check will go through immediately. If it's a different bank, it normally takes a day. My landlord waits two weeks before cashing rent checks, but I don't take any chances, I pay on the 5th with everyone else. Plus I'm on unemployment, and it's hard, but I do it. If I pay after the 5th, I have to pay a $50 late fee. So because my unemployment checks don't always arrive before the 5th of the month, so sometimes I have to borrow the balance of my rent money from a friend so I don't have to pay the late fee, and as soon as the check arrives, I pay her back.
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Old 08-28-2009, 12:57 AM
 
Location: Tucson
32 posts, read 81,723 times
Reputation: 45
Default Always pay on time

How would you like it if your employer paid you seven days late?

Your landlord has financial responsibilities that have due dates. The LL needs $$ to pay those, just like you do. The LL isn't the big vending machine in the sky.

Pay on the first and be at peace with yourself and your landlord.

Where I live the fee is $35 per day, starting with the first late day, no excuses, period.

You signed a lease, a contract. Be true to your word. It'll get you far in life.
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Old 08-28-2009, 09:56 AM
 
Location: NJ/NY
10,655 posts, read 18,618,331 times
Reputation: 2829
Quote:
Originally Posted by TVandSportsGuy View Post
Because I never had the opportunity to have two paychecks in a row without paying rent
So?

That doesn't mean you get to pay rent late.
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Old 08-28-2009, 11:21 AM
 
Location: Jacksonville, FL (Mandarin)
2,559 posts, read 6,469,699 times
Reputation: 1835
Quote:
Originally Posted by TVandSportsGuy View Post
Because I never had the opportunity to have two paychecks in a row without paying rent
So, how 'bout opening a savings account and start building some wealth? Then, maybe some day you can buy investment property and deal with tenants like yourself.
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