Q: I own a house that I am currently renting to a tenant on a one-year lease. But over the months things have been getting very uncomfortable for me, and I would appreciate your advice.
With my prior tenants, I always received the rent check by mail without any problems. I allow my tenants a three-day grace period before I charge a $50 late fee, as I know it can take some time with the mail system. I will even look at the postmark and not charge them if they deposited the envelope in a mailbox on or before the third of the month.