late fee settings: Harness the Power of Late Fees
- 05/12/21 10:00 PM
If you’ve been a landlord long enough, you’ve run into this issue. You have a great, long-time tenant, who, every month, pays their rent like clockwork. That is, if their clock runs hours, days, or even weeks behind. That’s right. Late payment is a common problem that creates all sorts of issues for landlords. However, there are strategic ways to combat this chronic issue. One of the most effective being the employment of late fees. But, for most landlords working to roll them out, it can be tougher than it sounds. Read on to learn more about late fees, common issues associated with late … (0 comments)
late fee settings: Innago: Solving the Problem with Late Fees
- 05/12/21 09:47 PM
The concept of late fees is simple. Everybody understands that if rent (or any other bill for that matter) is not paid within a certain number of days beyond the due date, there will be an additional charge tacked on. Should be pretty easy, right? Wrong. If you are a landlord struggling with late-paying tenants, then you know this story all too well. Everybody understands the concept of late fees at the time of lease signing, but when it comes to putting it into practice, all of a sudden, things seem to get complicated. Every property manager has his or her own system for … (0 comments)
If you’ve been a landlord long enough, you’ve run into this issue. You have a great, long-time tenant, who, every month, pays their rent like clockwork. That is, if their clock runs hours, days, or even weeks behind. That’s right. Late payment is a common problem that creates all sorts of issues for landlords.
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