Online rent payment services... which ones add late fees?

Online rent payment services... which ones add late fees?

Culver City, CA · Member since 2013 · 3 posts · 0 votes

Hello, I am new to BP but I spend a lot of time here... I have been looking at many of the online rent payment services but have not found one that offers all the features I want. Primarily, I would like to have the service automatically add a late fee to the rent after a certain date and time (24 hours after rent is due). My lease states a 5% fee if rent is late. I would rather have the service be free for tenants (better to have happy tenants who don't bug me rather than haggling over a few dollars a month). I also like the idea of documenting any late payments so I can have that information in case I need to evict a tenant for chronic late payment. Thanks in advance for the help!

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  • Dawn BrenengenBusiness Member
    Moderator
    Real Estate Broker · Raleigh, NC · Member since 2014 · 2k+ posts · 1k+ votes
    12y

    @Alex P. how many properties are we talking about?  I use Buildium, but it's probably overkill if you just have a few

  • Investor · Middletown, NJ · Member since 2008 · 2k+ posts · 1k+ votes
    12y

    I use erentpayment.com. They charge $3 per transaction, which I pay. 

  • Culver City, CA · Member since 2013 · 3 posts · 0 votes
    12y

    @Dawn Brenengen Right now we just have one two-unit building but will be purchasing another two this year.

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