All Forum Posts by: Melissa J.

 How many of you have actively charged a late fee when rent was not due on time, say a week late?  Even if stated in lease agreement that a fee will be charged if not paid by a certain date. Keep in mind most of our renters have been long term. Would like your input. 

Great, thank you everyone for your input and advice! Much appreciated. Tenants have always resigned a new 1 year lease or have moved out once lease was up. Still fairly new, and we are learning! Will consider MTM. 

Tenants 1 year lease is almost up.  They made payments every month but were typically a week late.  Then we got asked the question, “will you consider a month to month lease”?  The reason we got asked this is because since then the couple has separated and the guy doesn’t know if he can afford the payments every month.  They did not destroy the house.  Still in great condition.  What are your thoughts on month to month leases?  Is it a disaster waiting to happen?