General Landlording & Rental Properties

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Claudia Schmidt
  • Real Estate Investor
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How much do you charge for late fees? And when?

Claudia Schmidt
  • Real Estate Investor
Posted Aug 9 2010, 20:25

How much do you charge in late fees when a tenant is late with their rent? I currently charge 4% and was thinking of raising this.

And what's your cut off date? Do you give a grace period of 5 days? 10 days?

Thank you in advance!

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