Tenants not paying late fees

[Brandon P.]

Hello I have tenants that constantly do not pay on time. And neglect paying the late fee. Turnover is expensive so Ill go with it for now. How would you word telling the tenant that the late fees are going to come out of your security deposit without them giving up hope and running the place into the ground?

[David Hines]

In order to avoid this in the future you may want to look into electronic rent payments. Usually, you can automate late fees to kick in on a certain day and the tenant won't be able to pay rent without the late fee. Most tenants expect the fee for using the service to be passed on to them and I've found they prefer this to having to mail in a check every month.