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When a tenant is late paying rent, it's crucial to act promptly. Keith Weinhold, host of the Get Rich Education podcast, advises using a specific seven-word sentence to address the issue and encourage timely payments in the future. It's important not to tolerate late payments. Begin by posting your state's legal notice regarding the overdue rent, clearly stating the amount due and what steps the tenant must take. In addition to this formal notice, communicate informally with the tenant using the specified phrase to reinforce the importance of prompt payment. This approach helps ensure the rent is paid this month and fosters regular, on-time payments moving forward.