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Updated over 13 years ago on . Most recent reply

User Stats

32
Posts
6
Votes
J Day
  • Magnolia , TX
6
Votes |
32
Posts

What are your late fees? For late rent?

J Day
  • Magnolia , TX
Posted

Mine is 50 dollars after first day and 20 dollars a day after? What do you guys use?

Most Popular Reply

User Stats

55
Posts
21
Votes
Brad P.
  • Real Estate Investor
  • West Des Moines, IA
21
Votes |
55
Posts
Brad P.
  • Real Estate Investor
  • West Des Moines, IA
Replied

Check your state laws, most of them set the maximum late fees.

In Iowa, it's no more than $10 per day with a maximum monthly late fee of $40.

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