What should a landlord due if a tenant is late with rent payments?

I just rented a house and the tenant hasn't paid his rent in full; The rent is $1000 a month and he paid $785, I called him to remind him about the balance. He promised me that he will pay inmediately he is late 4 days already, our contract says that the third of each month the rent is due, but it seems he doesn't care. What should I do?

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