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Updated about 12 years ago on . Most recent reply

User Stats

75
Posts
47
Votes
Paul Sedillo
  • Investor
  • Austin, TX
47
Votes |
75
Posts

Perpetually Late with Rent

Paul Sedillo
  • Investor
  • Austin, TX
Posted

I have a renter who is perpetually late and her lease contract expired which converted to month to month. She is also has stretched out paying her late fees. If the late fees are not paid with the rent and stretched out, would she still be considered late on the overall rent? Any suggestions on how to handle this would be greatly appreciated.

Most Popular Reply

User Stats

110
Posts
47
Votes
Rick Bradd
  • Real Estate Lender
  • Pt Hueneme, CA
47
Votes |
110
Posts
Rick Bradd
  • Real Estate Lender
  • Pt Hueneme, CA
Replied

I had a similar problem, always late, but paid the late fee, after about the fourth time I asked her why, turns out she gets paid once a month on the 5th, by the time she deposits her check then pays me she was late.

I changed her due date to the tenth and re wrote the lease and extended it for one more year. She has not been late since, and now is on a month to month. I miss the late payment money but I did the right thing by her, plus I do not have the aggravation of having to follow up on it anymore. Maybe some good Karma too.
Rick

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