All Forum Posts by: Jason Owens

I've had experience with rooming houses for about 5 years. Would love to answer any questions you might have. In short, crazy cash flow with problems that can be minimized if you are proactive.  

 As of yet there is no statute that governs the maximum amount of late fees that can be charged.  Best practice is to go with something that is reasonable and will hold up in court. I've notice that a $50 late fee is the norm for the area.  This does not mean something hire will not be held up by a judge. 

DISCLAIMER: The above is for basic educational purposes. For more information, seek out a local attorney.