by luther » Wed Jul 25, 2012 7:22 pm
In most states, in that situation, on the 2nd of the month, they would give you a "3 day notice to perform covenant or quit."
That means, if you don't pay by the 5th, with a late fee, they will have a strong case against you when they take it to court, because you failed to perform the covenant after being warned. Then you will have to pay a lot more than the rent, and they can seize the money from your bank account and employer. That will also ruin your credit.
So it's much better to pay by the 1st without a late fee.
A lot of landlords are obnoxious, but you can never get revenge on them by failure to pay rent according to their current rules. The revenge is always on yourself. They have too much legal protection, and hardly even care if you pay or not, because they get more money if you don't.