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Updated about 7 years ago,
Late Fees Not Being Paid
Hello...
I have a tenant who is not paying late fees. He pays late always past my 5 day grace period. Sometimes I have to mail a 3 day pay or quit, and he pays up. My lease states clearly a 50$ late fee, and I even sent a copy of the bank statement explaining he is 250$ behind in late fees. The property is 3 hours away, and other than this he is not a problem.
I am not going to try eviction over it mainly because it is difficult to find a tenant who will agree to do ALL repairs, and maintenance themselves on a rental. Just wondering if you guys have any advice. I even sent him an ATM card so he can deposit rent directly into the ATM which accepts cash. I have been thinking in the back of my mind well he won't have much of a security deposit left when his lease is up. Perhaps that is an option when he signs a new lease I request another deposit? It is 750$ monthly with $750 deposit.
Thanks.