Late Rent! - Landlord Forum thread 344568

Late Rent! by Miles (CA) on April 21, 2016 @19:13

I am a student working on a project to help landlords with late rent. Would you be willing to let me ask you a few questions?

How often are you tenants late on rent?

Are they late because they don't have money or because they are being irresponsible?

Have you experimented with different payment plans for rent? Every 2 weeks?

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Re: Late Rent! by anon on April 21, 2016 @22:52	[ Reply ]

To be taken seriously here, I think you would have to put up school details--class, school name, contact info for a professor. A link to your web site for the actual information gathering would be useful. I would not take you seriously with what you posted. Good luck.

Re: Late Rent! by Anonymous on April 22, 2016 @13:38	[ Reply ]

What kind of student? What are you majoring in? Do you really believe you can help landlords with late rents? Just from your approach here, you seem to be lacking in credibility and knowledge to be of help?

Re: Late Rent! by Anonymous on April 22, 2016 @14:16	[ Reply ]

How can you hope to help landlords when you do not even have basic understanding of the business? Long before I would pay any attention to your "project" I would need to see some credentials

Re: Late Rent! by Anonymous on April 22, 2016 @14:17	[ Reply ]

This only possible way to be actually helpful is to go and collect that rent with late fee. Good luck with that, better than you have teied

Re: Late Rent! by Magic Mike on April 22, 2016 @17:59	[ Reply ]

1. Probably once a year. Usually January (right after holidays) 2. Both 3. No

Re: Late Rent! by John Farmer on April 25, 2016 @14:46	[ Reply ]

I am happy to assist with these questions, as I am a seasoned landlord with several high-profile properties. Firs

Re: Late Rent!

Re: Late Rent! by Anonymous on April 28, 2016 @07:18	[ Reply ]

It is best to have a set amount on your lease for late fees when someone pays late. Remember, a Landlord is like a bank, there is a day in which the payment is due or late fees kick in. It's the same with renters, you should make your late fees as steep as possible while being reasonable. EG; our late fees are as follows: The rent is due on the first of every month. Tenant has until midnight on the 4th day of the month to pay the rent without having late fees. If the tenant pays late, the late fees are as follows; On the 5th day of the month, there is a $30.00 late fee and a $5.00 per day additional fee for every day after that the rent has not been paid. At the discretion of the Landlord, if rent is not paid by the 10th day of the month, landlord may issue a notice to vacate the premises. The one thing to understand is that you MUST enforce this equally to all tenants. once you waive late fees to one tenant , you cannot by law charge other tenants late fees either. ALWAYS check your state laws regarding this before adding this to your lease. Late fees may vary by state.