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Updated about 12 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from New York, New York
  • Member since Mar 10, 2012
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from New York, New York
  • Member since Mar 10, 2012
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Account Closed
  • New York, NY
7
Votes |
183
Posts
Real Estate Deal Analysis & Advice

Does your property manager keep late fees?

Account Closed
  • New York, NY
Posted

I just realized that my property manager gets to keep any late fees from tenants that fall behind on payments. Is this standard practice? Thanks.

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Chris Martin's profile image
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Chris Martin
  • Investor
  • from Willow Spring, NC
  • Member since Jul 4, 2009
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Chris Martin's profile image
Chris Martin's profile image
Chris Martin
  • Investor
  • from Willow Spring, NC
  • Member since Jul 4, 2009
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Chris Martin
  • Investor
  • Willow Spring, NC
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Chris Martin
  • Investor
  • Willow Spring, NC
Replied

No management company should get an economic benefit for an owner's economic loss.

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