Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 4 months ago on . Most recent reply

User Stats

10
Posts
1
Votes
Keno Powers
1
Votes |
10
Posts

Tenant constantly late paying back rent

Keno Powers
Posted

Hi Everyone,

I have a tenant who moved out from a Maryland rental I used to have. I gave her notice in February of 2024 because she wasn't able to pay full rent. She moved out in March. I sold my property in April of this year. My tenant owed me about $1,500 in back rent and damages. She has a balance of $723 left. It has been like pulling teeth to get money from her. If I don't remind her to pay, she won't. I plan on sending her a payment agreement so she'll pay every month on time without me having to remind her every month. (Is that wishful thinking?) 

As an incentive for her to pay on time, can I charge her a late fee after 5 days from the due date and can I charge her for every day she's late? The other question I have is can I charge her interest as another option? Does she have to sign the payment agreement for it to be enforceable?

Thank you in advance you any help or wise words of wisdom?

Most Popular Reply

User Stats

14,602
Posts
11,271
Votes
Theresa Harris
#3 Managing Your Property Contributor
11,271
Votes |
14,602
Posts
Theresa Harris
#3 Managing Your Property Contributor
Replied

Honestly if she moved out and owed you $1500 and you've received $723; you are doing better than most.  Most of the time you will never see that money again.

  • Theresa Harris
  • Loading replies...