late fees. Hopefully, this will discourage the tenant from being slack in the future.
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I assess the late fees after the 3rd day the rent is due, because my bank (TD Bank) is open 7 days a week and most holidays, so they have no excuse for not paying by the 3rd. I call, email, and/or text the tenant reminding them to include the late fee with their rent. The only snail mail they get is Nike Air Force 1 Mid a registered letter stating that the Pay or Quit notice will be posted and an eviction proceeding will follow.
I thank you all for your input. I new to PM, and I appreciate your advice.
same with utility bills, credit card bills, cable bill, etc.
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I the new property manager for this real estate company. We have just under 100 tenants, and 90 percent of them are routinely late. They been "baby sat" for so long that they are now accustomed to someone in our office "cutting them slack," whether it allowing them to pay two months behind each month or forgiving their late fees. I trying to get them back on track, such as paying their rent on time and paying their Nike Air Force Yellow
a few tenants, and if they were not often late, I think that I would most certainly let it slide.
Late Fee Due When
I looked in our Georgia Landlord Tenant Handbook, and I could not find the issue of the due date falling on the weekend. I guess I should call the Georgia Real Estate Commission to see what they think. I of the mindset, though, that if it due on the 1st and late on the 5th, and if the 5th falls on a weekend, then they need to pay it prior to the weekend, such is the Nike Air Force 1 High Grey White
You might consider having the tenants pay by depositing the rent directly into a business account. I have all my tenants do that, so I can see my account online and know exactly when they paid the rent. There are also online rent payment sites where the tenant can auto debit their account right into the property manager This might be difficult to get done now, with 100 tenants and a new policy.
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