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Dontrea Riser
  • Rental Property Investor
8
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15
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How many grace period days do you give tenants after the first?

Dontrea Riser
  • Rental Property Investor
Posted

Open to replies/opinions from ANY market. Should tenants get a grace period? Should they be charged late fees? Share your experiences with collecting rents and making grace periods/late fees work in your favor. I have heard a lot of different answers from people in my market but all generally the same. Looking forward to see what you guys have to say about this topic.

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Wesley W.
  • Rental Property Investor
  • The Vampire State
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Wesley W.
  • Rental Property Investor
  • The Vampire State
Replied

NY State law says a mandatory minimum 5 day grace period.

I am so glad my government can make my business decisions for me.  What would I do without them?

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