General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Late Fee Collection
I am fairly new to managing properties, though I did it years ago I am rusty. I have a tenant who paid their rent 10 days late. I was clear they would need to pay the late fee, however they deposited rent only. I have followed up several times reminding them about the late fee and they have failed to pay it. Can I 3 day pay or quit on a late fee? I tried to look up the local laws on this but haven't found a clear answer.