How much can you charge for a late fee when rent is late? Here are some ideas and thoughts to make your fee seem reasonable if you were ever to get challenged on it in court.
Comments OffWhen your tenant is late on rent, most landlords will use a late rent letter to give the tenant notice that they still owe rent. Some states actually require this letter. It can be in a simple format or it can be a more formal pay or quit notice. I have used many different formats […]
4 CommentsI am sure you are saying to yourself that owing rental properties would be a piece of cake if it wasn’t for the tenants! They make the job of being a landlord a challenge. When you have good tenants, it seems easy, when you have bad ones, you hate your properties and question why you […]
1 CommentFor a quick answer….Nope. I get this question often. Usually it is from a landlord that is frustrated because a tenant is always paying their rent late. Lots of landlords wait until the 28th to finally do something about it and then want to file an eviction. Here are some tips to fix the problem […]
Comments OffAs much as we as landlords want to get our property back, we probably want our unpaid rent more! A common misconception about an eviction is that this is somehow going to get our back rent or help us get the back rent. Unfortunately, an eviction takes more money out of our pocket and requires […]
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