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Updated over 6 years ago on . Most recent reply

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Marci Stein
  • Rental Property Investor
  • New York, NY
501
Votes |
942
Posts

Ever ok to forgive late fee?

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

My tenants have paid rent on time for 3 years . It’s due on the 8 th - they get their check on the 5 th . 

She texted me on the 8 th 

to say SS messed up the check 

and it just went out . 

So now it’s a legal holiday - if I get it tomorrow it will be 4 days late . 

Either I train them to send on time no matter what , 

or I let it go just this once . 

WWYD? Thanks!!

Most Popular Reply

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2,507
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4,234
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Jill F.
  • Investor
  • Akron, OH
4,234
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2,507
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Jill F.
  • Investor
  • Akron, OH
Replied

I use late fees to punish tenant behavior I don't want to see again. In this situation it was a mistake on someone else's part you will never punish that kind of thing away. Tell them late fee waived do to excellent payment history (to reward 3 years of good behavior)

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