This is my first rental property (townhome - 3 units) and I am drafting rental agreements. For those of you with experience, what would be your recommendation on structuring late fees?  Should I do one flat fee? Or ch...

I want to switch to an electronic rental payment app/software, but not sure what to use as there are MANY. Who has a company they can recommend? I was looking into Cozy.co as I am more familiar with them...

Hello, one of my tenants has not paid for two weeks now and I suspect he is trying to see how long he can stay before he gets more attention. I never had to do this in the past but see myself forced this time. Is th...

Hello BP. I currently self manage my properties using Buildium and I love it especially the resident portal and ability to accept ACH rent payments. Recently after over a year of succesful payments a tenant payment ...

Hi guys,So I have a tenant that has been renting for only 4 months now, She is a single mom with 2 teenagers and 1 dog in the hours.For the 1st 2 months, she paid her rent on the 1st of both months (Ontime), in the 3r...

Hello, I had a tenant recently moved out of our rental property. She moved the same day her lease ended, by the lease rent is due on the 1st of each month $75 late fee and $5 for every day late after that. Is the depo...

HI BP,I was thinking through a hypothetical late fee situation and wanted to get your input. Our lease agreement says that we charge a late fee if rent is past due. A tenant paid past that date and our late fee is app...

Whats the standard late fee in california for a room rental?

I am tying to determine if in NC a landlord is able to charge the "standard" late fee 5% of monthly rent or $15 whichever is more (I think that is the current legal restriction) PLUS a $5 per day additional late charg...

Hello BiggerPockets,

I’m an enthusiastic big picture minded individual looking to dive into the exciting world of REI. I’ve read books and articles on Flipping and acquiring Rental Properties, however they can onl...