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kitten smoothie posted:Saying "rent is due on on the 1st, grace period until the 5th, $35 late fee afterward" just means someone will think they can pay you rent+$35 and buy themselves the right to pay you late. Friend of mine had a tenant who did this every drat month. My landlord used to do just that, but then raised the late fee to $50, which made most of the people in the building fall into line. She really only does that to the people who were doing that every month, not to those it was their first offense. Since the rent covers heat/hot water, another thing that she started was charging a $50 fee whenever they had the heat on and windows open. There was a couple that had the temperature in their apartment set to 90° with all their windows open, she later installed all new thermostats in each apartment that the max setting was 70°. I toyed around with buying a quadplex a few years back, intending to live in one of the apartments and get a property management company to take care of the business side of things, but it was right around the housing-bubble crash, so I am pretty glad that I didn't. (House was selling for $300k, but saw it relisted recently at $210k).
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May 11, 2013 17:56
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| # ¿ Apr 29, 2024 14:52 |
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