Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 6 years ago on . Most recent reply

User Stats

149
Posts
41
Votes
Nicole Wood
  • Investor
  • Bath, NY
41
Votes |
149
Posts

Does late fee continue to accrue until late fee is paid?

Nicole Wood
  • Investor
  • Bath, NY
Posted

Hello,

So i stupidly broke rule #1 and rented to my sister. It's been nothing but a battle with her since day one!!! She has paid her rent late every month...this month she still hasn't paid it all and the last day to pay is the 5th. Late fee is 10$ per day after the 5th....so she is up to 100$ as of today....she says she's bringing me the other 300$ that she owes on rent on thursday...but she can't pay the late fee...so my question is does the late fee continue to accrue until she's paid the total WITH the late fee or do I have to stop it accruing as of wednesday if she pays thursday?

Unfortunately her being my sister I also know that in august/beginning of september she went on 2 vacations out of state, the state fair, a concert and the county fair...so she is NOT struggling financially she is just putting rent as her LAST priority! This is very frustrating.

I plan on evicting her ASAP however, I was unexpectedly taken out of work at the end of july due to pregnancy and had the baby 2.5 weeks ago...my disability got messed up as well!! and still isn't fixed, plus my husband had to take some time off to help me out and he hasn't gotten his pay for that either so we aren't in position as of yet to do that!!! 

I know how many mistakes I have made here so no judgement please just advice and answer to the late fee question! Thank you!

Most Popular Reply

User Stats

2,834
Posts
3,901
Votes
Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
Votes |
2,834
Posts
Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Replied

Are your parents around? Call them and tell on her. No, seriously. Maybe your parents will opt to keep the family peace and pay her rent, and help her move someplace else. 

Anyway, my state laws say the max a landlord can charge for late fees. So, $20 a day here, up to $100 a month. And that's what my lease says. And, any money paid goes to late fees first, and rent second. So, if they're late one month, but just pay the rent each month, they will always accrue that $100 each and every month, because their full rent will never be paid on time. 

Loading replies...