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41
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12
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Emmanuel Sanchez
Pro Member
  • New to Real Estate
  • Hialeah Gardens
12
Votes |
41
Posts

Natural Disaster & Rent Collection

Emmanuel Sanchez
Pro Member
  • New to Real Estate
  • Hialeah Gardens
Posted Oct 1 2022, 15:08

Hello,

Curious to know what you'd do in this situation. Rent is due today (October 1st). Tenant asked if we could work with her to avoid late payment fee (assessed if rent not paid prior to or on 4th day of month) since she cannot pay today. She is asking because she is unable to withdraw money from the bank as a result of Hurricane Ian (no power). Side note... Our area of Cape Coral was thankfully spared from any severe destruction. First and foremost, we utilize Avail.Co for rent collection. It's all done online (no cash or checks required), so I don't know why she needs to go to the bank 🤔. Couple of things I am considering because I want to be a reasonable landlord/person considering the times:

A) Reminding her that she has up to the 4th day of the month to pay the rent without incurring a late fee (as per our lease).

B) As a ONE time exception, due to the extenuating circumstances resulting from Hurricane Ian, allowing her to make a payment within the first 14 days of month without incurring late fee.

Thoughts? Any insight is appreciated! Thank you!

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