Pros and cons of paying your rent on time
You are right Shelly, Paying your rent on time has its advantages, which are numerous. It provides a harmonious relationship between you and your property owner. Its helps you save money, provides a financial stability. It helps you secure a steady place to live for a long time. It improves your credit rating.
When the time comes for you to upgrade your apartment, you will have no problem doing so. When you decide to purchase a house, your good payment record will make it easier to obtain a loan. In case of relocation, a recommendation from the homeowner will facilitate the transition. I will also add, when an emergency or something unexpected happens and the rent cannot be paid, the proprietor will understand since you have a positive record.
When the rent is not paid on time, the property owner will go to court to force payment, and subsequently eviction. He sent your name and social security number to a database for bad debt tenants. Most responsible management companies compare your information to that record to see your name is there.
Among the five characteristics of good tenants, paying the rent on time is number one.