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Updated almost 8 years ago on . Most recent reply

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Steve Rozenberg
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General Landlording & Rental Properties

What to Charge for Your Tenant Being Late on the Rent?

Steve Rozenberg
  • Specialist
  • Houston, TX
Posted

How Much is Too Much to Charge Your Tenant in Late Fees?

  • Steve Rozenberg
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    John Thedford's profile image
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    John Thedford
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    John Thedford#5 Wholesaling Contributor
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    John Thedford#5 Wholesaling Contributor
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    I don't have a late fee. I offer a $100 discount if rent payment is POSTMARKED by the 5th. This gives the tenant the incentive to pay early and save some money. With me, it is not about the money but having to do as little as possible to get funds. Pay early...save. Pay late..pay more. Their decision.

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