Curious what everyone charges for late fees? My late fee from $50 up to $75

Curios what everyone charges for late fees and what company they work for; I'm considering raising my late fee from $50 up to $75

50.00 on the 6th an 5.00 a day after if balance is over 100.

10% of the full amount

10% on the 5th at midnight.

10% at midnight on the 3rd

The greater of: $50 or 5% of one months rent on the eighth of the month. Before they change the law, it was $50 on this morning of the sixth, and $10 every day there after.

$75 on the 5th, $25 on the 11th.

10% of the balance due, or 10% of the total rent - which ever is less - so if they owed $2300 but their rent was $1700 late fee would be 170 - if they owed 350 and rent is $1700 the late fee would be 35

In CA late fees cannot be charged as a penalty- only to defray any extra expenses

$150 on the 4th

Flat rate of $100 as of the fourth

Check what you can/cannot charge by law in your state. It’s great to see what everyone else is doing but each state may be different

$75 on the 2nd + a $10 daily late fee starting on the 3rd for up to 15 days

$150 on the 4th( Georgia )
$300 Attorney Fees on the 10th

We have tried both fixed late fees and daily late fees. We found once the fixed late fee hit their account, then they would just drag their feet on paying -- they paid when they got around to it. We have BUILDIUM for our management software now. We switched to daily late fees -- they get an e-mail every day until they pay their rent! It seems this has helped get rent into the checking account faster, and not drag it out all month.

Check laws in your state. TN 10% of rent you can still charge if rent wasnt paid in full. Post money to all outstanding fees 1st

Must be nice in North Carolina we can only charge a late fee of 5% of the base rent only. However there are no additional late fees assessed nor can we charge late fees until the 6th.

Ours is $100 on the 2nd & $10 every day till it’s paid.

Reading through all the comments before responding, I miss these fees. I am now in unincorporated Cook County, Chicago suburb. June 2021, new laws stated $10 on the first $1,000 and 5% on the balance. It’s a joke so each late fee has to be done manually. And we can only charge what the background check costs…. $12.00.