Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

42
Posts
13
Votes
Emmanuel Sanchez
Pro Member
  • New to Real Estate
  • Hialeah Gardens
13
Votes |
42
Posts

Natural Disaster & Rent Collection

Emmanuel Sanchez
Pro Member
  • New to Real Estate
  • Hialeah Gardens
Posted

Hello,

Curious to know what you'd do in this situation. Rent is due today (October 1st). Tenant asked if we could work with her to avoid late payment fee (assessed if rent not paid prior to or on 4th day of month) since she cannot pay today. She is asking because she is unable to withdraw money from the bank as a result of Hurricane Ian (no power). Side note... Our area of Cape Coral was thankfully spared from any severe destruction. First and foremost, we utilize Avail.Co for rent collection. It's all done online (no cash or checks required), so I don't know why she needs to go to the bank 🤔. Couple of things I am considering because I want to be a reasonable landlord/person considering the times:

A) Reminding her that she has up to the 4th day of the month to pay the rent without incurring a late fee (as per our lease).

B) As a ONE time exception, due to the extenuating circumstances resulting from Hurricane Ian, allowing her to make a payment within the first 14 days of month without incurring late fee.

Thoughts? Any insight is appreciated! Thank you!

  • Emmanuel Sanchez
  • Loading replies...