How much do you make on late fees? - Landlord Forum thread

How much do you make on late fees? by Dave Snotnose MF'r on April 25, 2012 @17:14

Had a jerko tenant with attitude ask me this because he thinks I charge late fees to make money.
No. I do not.
Late fees are nothing but encouragement to pay the rent on time.
Have a problem with the late fees, either don't pay late or don't sign the lease agreeing to them in the first place!

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Re: How much do you make on late fees? by Anonymous on April 25, 2012 @18:14	[ Reply ]

Tell him he is the only one paying you late fee's & everyone else is paying on time to avoid the fee.

Re: How much do you make on late fees? by Micah on April 25, 2012 @20:11	[ Reply ]

Tell him you have a mortgage and the bank charges you late fees! If he doesn't want to pay late fees then he can pay on time!

Re: How much do you make on late fees? by OK-LL on April 25, 2012 @23:33	[ Reply ]

Tell him, not much because you don't keep tenants who pay late consistently!

Re: How much do you make on late fees? by Mark on April 26, 2012 @09:04	[ Reply ]

I would just state "That all late fees go into a special fund for evictions for those tenants who consistently pay late."