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Who Keeps the Late Fees?

Who Keeps the Late Fees?

When the rent is late, the handling of late fees is a negotiated item. Some management companies take the late charge as income in their pocket; however, we pay the full amount collected directly to our clients (late rent payments create a burden on the landlord). Yes, we incur some additional costs associated with contacting the tenants and potentially sending legal notices, yet we are here to serve our clients first!

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