Renter Insight Late Fee Settings

Late Fees

Late Fee Settings

You can set auto late fees to charge residents a certain amount if they don't pay their rent on time. 
  1. Select Settings on the left sidebar
  1. Click Late Fees
Note: The default is to edit the Company Default Settings, you can select Property Level
Settings if you would like to edit settings for individual properties

  1. Late Fee Settings

    1.  Late Fee Settings are set to No (OFF) by default

    2. Select Yes to turn on Late Fees


  1. Fill out your Late Fee preferences


  1. Late fees will be added to resident ledgers automatically on the 2nd of each month if you do not have a grace period.
  2. If manual payments are received before a resident is late, but the landlord enters it after a late fee is assessed, please ensure
    you enter the batch date prior to the end of the grace period and the late fee will be removed automatically.
    1. Example:  Grace Period is 5 days and a late fee is assessed on the 6th.  Property receives payment on June 4th, but
      doesn't enter it until June 10th.  When property records the payment, they enter a batch date of June 4th and the late
      fee is automatically removed from the resident ledger.