For chronic lates that are good tenants, but having difficulty, we still take them to court and get an eviction notice that is valid for 10 years.

One of the foremost PHX RE experts is calling that there will be a chronic shortage of housing.

Hey there, a little background: I purchased my first investment property at the end of December, which is an owner(me)-occupied triplex located in DeKalb county in Georgia, USA.Everything is going well, I've moved in to the unit, I have a roommate, and I've rented out the other unit to a great tenant, However, here is the snag: I inherited an existing tenant who had been in the property for almost 9 months and is historically chronically late on paying rent, but he has always paid it.His story: He apparently used to have a stable job when he first got the lease, but now he does freelance general contracting/handyman work.

If someone does not have a chronic illness, it would stand that once they've been through therapy, or whatever methods they used to get help, that there will eventually come a point where they are no longer classified as disabled. 

I have these chronically late tenants.

My question is if I raised my late fee of $50 to 10% of rent which would be between $75 to $150 do you think it would improve this chronic late payment.

Sometimes chronically late paying tenants aren't worth the headache or the extra money, so I get where you're coming from @Ash Townsend. 

I'm considering a new student housing development at a nearby university with a chronic shortage of student housing.

The world thinks a lot less of my probity than it does of yours.But your response does remind me greatly of the time I submitted a paper in a nursing class that pointed out the obvious fact that that Big Pharma has minimal direct financial incentives to direct their research budgets towards finding one-time cures and maximum direct financial incentives for putting money into finding ongoing treatments for chronic diseases.I got a D with a big circle around it and a denouncement by the nursing professor with the side job in Big Pharma for being so bold as to point out how math works.

Now we're trying to "stop the bleeding"; then, we'll have to make up a lot of lost ground.In the meantime, we've both got chronic health conditions, so it's not just our ages.