Is there a time period in which a landlord is required to claim late fees? My landlord is telling me I need to pay late fees from four or five months ago. She lives in San Mateo and I live in Sacramento. I'm required ...
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How are you all addressing them?? I know each state is a little different. We are in Michigan and there are so many thoughts on this. Some landlords love the late fees - I would be happiest if the rents were always ...
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I have spoken with various people who impose different levels of late fee, some on sliding scale, others lumpsum fee of 5% or 4%. Some charge late fee on the 4th of the month, others charge on 6th or 10th. This i...
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How much do any of you charge as a fee for late rents, and how many days do you give before the rent is considered over due?
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I was listening to WPR (Wisconsin Public Radio) today and they had on a guest who was answering questions and one landlord called in and said that his tenant hadn't paid late fees and can he deduct them from the secur...
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In Montgomery County, MD the law states that interest cannot be charged until rent is late by 10 days. If an owner wants me to write language into a lease that late fees will be charged if received after the 5th of th...
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Good morning everyone, This is my first month of owning a 10 unit apartment building. It is in a downtown area but not in a horrible section. B-/C area. There is a PM responsible for collecting the rent. In my lease r...
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Question for other Massachusetts landlords. I see that the state laws prohibit landlords from assessing a fee for late rent until 30 days after the rent was due. This seems rather ridiculous to me. But I also understa...
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One of my bigger houses has 6 real beds and 2 sofa beds. The weekly rent is $1500. There are 7 guys in there working day or night shift. It comes out to $215 a person. Yesterday was rent day. 4 guys paid me the r...