All Forum Posts by: Robert Biggerstaff

@Robert Biggerstaff I like that idea for your new leases a lot.

I understand that we're dealing with a young man that's stuck in a situation that's beyond his control. But a good business practice as a landlord is to never let your tenant's problems become your problems. I know that sounds heartless but you MUST keep it professional and treat him the same way that you'd treat any/everybody else. If one of your other tenants was faced with the same dilemma (their boss doesn't pay them for one reason or another), would you let them slide? If not, you may even be setting yourself up for possible fair housing violations if the other tenant is a different race/gender/religion etc. (Regardless if discrimination is your actual intent or not)

In Connecticut, we can't charge a late fee until the 11th of the month. I charge a $100 late fee on the 11th, and $10 every day after that until the rent is paid in full (regardless of the reason/excuse of why it's late). The main reason that I stick to this is that I want to be priority. If it comes down to paying rent, or paying some other bill, I want it to be very clear that it's better to pay rent first.