Late Fee Pricing
I have a rental property in Mississippi an I charge $50 dollars late fee with an additional $10 dollars late fee every day after the 5th of each month. My question is what is a good price to charge for late fee an what is a good price to charge after the 5th of each month.
Most Popular Reply
@Account Closed
I almost agree with you for once ! In A Texas Eviction, the Judge will only award past due rent, Court costs, Attorney fees(maybe or maybe not) and post judgement interest
However a separate civil suit for late fees, damages and other expenses maybe filed. With Texas being a very difficult state to collect a judgement, collecting will be about the same chance as SMU coming back to beat Baylor right now. 31-0 Baylor at the Half