The Collector! - Late Fees & Other Fines

We are continuing our look into one of the many “hats” Housing Hub wears as a property management company. Last week, we started our dive into our role as The Collector, talking about the process of collecting and recording rent. This week, we are taking a closer look at late fees and other fines that can be issued.

Rent is always due on the 1st of the month. If rent is not paid on time, tenants will be charged a late fee. The exact late fee amount is based on how much the tenant owes. If tenants are unable to pay on time, we are more than happy to set up a payment plan with them, but they need to call our office to do so.

There are a number of different forms of payment Housing Hub accepts. The easiest way to pay rent is through the online tenant portal. Cashier checks, money orders, and payslips are also acceptable forms of payment - personal checks and cash are not however!

Residents can also face fines for:

-City Abatements

-Maintenance Issues Caused By Tenants

-Lease Violations

City officials can issue fines for things such as failing to mow your lawn or shovel your sidewalk, and unkept yards. These issues generally apply to tenants who live in single family homes or duplexes and are responsible for things such as snow removal and lawn care in their lease. Maintenance fees apply to tenants when the issue is caused by tenants. Lease violations can result in a tenant charge if the resident was notified and asked to resolve the issue repeatedly, but never did so.

Say tuned next week as look at the next aspect of our job as The Collector!

In case you missed it:

Collecting & Recording Rent Payments

The Collector! - The Many Hats Of A Property Manager

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