ST Alpha - "If I added a late fee for my tenants, should it be a flat fee or a % of their rent? How many grace days, 10, 15? -- nm" (Reading a Post)

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If I added a late fee for my tenants, should it be a flat fee or a % of their rent? How many grace days, 10, 15? -- nm

Posted by ceregon Feb 24 '11, 09:24

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Responses:

flat is easiest to deal with. -- nm - decline Feb 24, 09:30
bjjs -- nm - Beaker Feb 24, 09:30
[deleted]
blood sacrifice -- nm - znufrii Feb 24, 09:27
20% per day, forfeit security deposit, no grace. -- nm - Don Homer Feb 24, 09:26
83%. 4 minutes -- nm - dogbert Feb 24, 09:26 1
- Cool! and I can have my other tenants beat up the ones that are late! - ceregon Feb 24, 09:29
Ours is 5 day:$25 fee. Ten day: $50. -- nm - Spawn Feb 24, 09:26 4
- is that like an industry standard? I've mostly lived in military housing or had a mortgage payment most of my adult life. -- nm - ceregon Feb 24, 09:27 1
  - It varies. -- nm - Spawn Feb 24, 09:28
- The most evil lease I came across actually increased the ongoing monthly rent by the late fee. -- nm - Spawn Feb 24, 09:27 1
  - Evil land lady suggested that way back actually...when she suggested I was way too nice to be a proper landlord. -- nm - ceregon Feb 24, 09:28

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