Property Management, Tenant Selection, Real Estate News & Tips

Tag: late fees

How To Get Your Tenants To Pay Rent On Time

By on February 11, 2015 in Education with 0 Comments
How To Get Your Tenants To Pay Rent On Time

Late rent payments and non-payment are some of the biggest costs associated with managing rental properties.  Not only are you depending on rental income to cover property expenses, owner payments, mortgage payments, or even your own supplemental income, but the implications of non-payment could mean a long legal battle and facing the eviction process. To […]

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Improved Late Fee Defaults

By on February 17, 2013 in Product Updates with 1 Comment

You now have additional options available for setting default late fees.  All of the following late fee values now have defaults, which you can set at Settings, Accounting Defaults. Monthly late fee – this can be a dollar value, or a percentage. Daily late fee – this can be any dollar amount Monthly maximum late […]

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Improved Late Fees

By on April 17, 2012 in Product Updates with 2 Comments

Just the other day we released bi-weekly rental support.  Now since all popular frequency options (daily, weekly, bi-weekly, and monthly) are supported, it is time for an update to the late fees code.  Beginning today you’ll notice the late fees function much better for the following scenarios: Monthly Recurring Rent + Daily Late Fee:  Previously […]

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More Management Fee and Late Fee Options

By on October 29, 2011 in Product Updates with 0 Comments
More Management Fee and Late Fee Options

We’ve increased the flexibility of both the management fees (for property managers) as well as the late fee functionality (for landlords and property managers). Management Fees can now be automatically charged based on a percentage of tenant payments.  This can incorporate rental income, late fees, or any other inbound dollars from tenants.  To use this […]

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Enhanced Late Fee Support

By on February 15, 2011 in Product Updates with 0 Comments
Enhanced Late Fee Support

We’ve expanded late fee support in Rentec Direct’s property management platform to include new advanced options, yet still maintain a very simple and intuitive interface. As can be seen in the screenshot on the right, the same monthly late fee and daily late fee settings are available.  Just like before you can select either of […]

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