What if you can’t pay your rent on time?
Clearly, it’s important to pay your rent on time, but things come up and we’re human. COVID-19, for example, has wreaked havoc on the economy, forcing millions of people to file for unemployment over the last year. So, what should you do if you just can’t get your payments in on time?
If it’s a matter of simply forgetting to pay on time: Set up autopay through the tenant portal so you never have to remember to pay again.
If it’s a short-term cash flow issue: Talk to your property manager. We can’t promise they’ll be able to help (property managers have to be exceedingly careful about making exceptions for renters), but it’s worth asking. If you typically get paid a few days after your rent payment is due, see if you can alter the date of your payment so you have the money to make it on time.
If it’s an affordability issue: You may need to make a change. First, try talking to your property manager. Ask if you can take on a management approved roommate, get a second source of income, or consider moving to a more affordable place.