This video is a breakdown for landlords to refer to when experiencing late rent issues. Make sure to check out DoorLoop today: https://bit.ly/freedemolandlordsla...

One of the worst things that landlords have to deal with is an irresponsible tenant. Although tenants agree to a set of terms in the lease agreement, they do not always comply with them throughout their lease. Let's go over the options you have as a landlord.

Read our blog on this topic: https://bit.ly/landlordslatefeesblog

0:00 Welcome
1:00 What are Late Rent Fees?
1:44 Should Landlords Charge a Late Rent Fee?
3:13 How Much to Charge as a Late Rent Fee
3:32 Percentage Fee Method
4:08 Flat Fee Method
4:50 Daily Method
5:37 How to Enforce Late Fees
6:06 Including the Late Fee Policy in the Lease
6:36 Providing Reminders

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Disclaimer: This video was produced by DoorLoop and is the intellectual property of DoorLoop. The creator featured in this video is an employee of DoorLoop. All information presented in this video is subject to change and may have changed since the time of filming. These videos are for educational and entertainment purposes and are not offering legal advice. Opinions expressed in our videos do not reflect DoorLoop's stance as a company.

Category: Leasing