Late Fee Pricing

[Markus March]

I have a rental property in Mississippi an I charge $50 dollars late fee with an additional $10 dollars late fee every day after the 5th of each month. My question is what is a good price to charge for late fee an what is a good price to charge after the 5th of each month.

[Greg H.]

@Account Closed 

I almost agree with you for once ! In A Texas Eviction, the Judge will only award past due rent, Court costs, Attorney fees(maybe or maybe not) and post judgement interest

However a separate civil suit for late fees, damages and other expenses maybe filed.  With Texas being a very difficult state to collect a judgement, collecting will be about the same chance as SMU coming back to beat Baylor right now.  31-0 Baylor at the Half