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Updated over 10 years ago on . Most recent reply

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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
1,235
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Complete List of Tenant Fees

Al Williamson
  • Rental Property Investor
  • Sacramento, CA
Posted

I'm trying to round up all the different types of fees a landlord could charge their residents. This isn't my favorite income idea but there is no doubt collecting fees is a way to prevent more costly mistakes. What's missing in my list?

  • Bounced/Retuned check
  • Parking – and auctioning off preferred stalls
  • Parking violation
  • Pet Fees and Pet Application Fee in lieu of deposit
  • Failure to clean pet waste
  • Tenant application fee
  • Late payments
  • Check cashing
  • Credit card processing
  • Tampering with smoke-CO2 detector
  • Non-compliance after an initial written notice
  • Smoking in restricted area

Most Popular Reply

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Eric Black
  • Rental Property Investor
  • Where we are parked
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Eric Black
  • Rental Property Investor
  • Where we are parked
Replied

Hi Al,

Just remember, threatening all kinds of fees is also a way to have a unit sit vacant for a long time. I would also be sure to check the laws in your jurisdiction regarding some of your fees. I'm not sure how you can enforce a fee for "failure to clean pet waste" unless you have proof it was their pet. Also check cashing and credit card processing fees can get tricky since you're not a financial institution. If you're going to threaten all of these fees I would be sure to get a real estate/landlord attorney in your area to look over your voluminous contract before having a tenant sign it.

My suggestion would be to do a more thorough screening of tenants rather than threatening them with all kinds of financial penalties. 

Cheers!

Eric

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