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General Landlording & Rental Properties

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Michael Healy
Pro Member
  • Investor
  • Great Barrington, MA
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153
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Late rent / late fees in Massachusetts?

Michael Healy
Pro Member
  • Investor
  • Great Barrington, MA
Posted Jul 3 2016, 08:16
Question for other Massachusetts landlords. I see that the state laws prohibit landlords from assessing a fee for late rent until 30 days after the rent was due. This seems rather ridiculous to me. But I also understand you can start eviction almost immediately. Since late fees are a key method for training tenants (endorsed by Brandon and Heather in their great book on managing rental properties)--how do you incentivize tenants without the ability to use a late fee? Let's assume it's a tenant who always pays but maybe 3-5 days late. Thanks!

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