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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Not a landlord myself Richie Alan Naggar author of books on Life-Love-Intimacy-Purpose - however, for my client, I had suggested 5 days.

Jul 24, 2015 05:15 PM
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

The default in our CA contract is 5 days, but I change it to 3 days( money should be wired or deposited directly to the LL account). I recently had LL who wanted check to be mailed, so we changed to up to 10 days.

Jul 24, 2015 05:04 PM
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Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Richie - Rent is always due on the first, and it is considered late if not paid by the 5th. So rent is late on the 6th, and there will be a late fee.

Jul 24, 2015 04:44 PM
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Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

5 days is quite common and reasonable. please note: rent due on the first. late after ten days. ++++ this is not the tenth of the month , but rather the 11th... a very common mistake

Jul 24, 2015 01:01 PM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

We allow a five day grace period and after that there are late charges back to the first of the month. We will be calling and wanting to know what is going on.

Jul 24, 2015 11:34 AM
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

That is tough Richie, a property owner has to be so careful. I would take that on an individual basis. If the person does not have a good reason and comes forward, not long.

Jul 24, 2015 10:20 AM
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I had someone who made the rounds and collected all of the rents.... never had a problem....

Jul 24, 2015 08:16 AM
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

5 without penalty.  Long term renters if they call I will work with them.

Jul 24, 2015 08:10 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

We recommend 3 days.

Jul 25, 2015 09:45 PM
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Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

I think most common is a 3 or 5 day grace perios and then late + late fee's on the 4th or 6th of the month. 

Jul 25, 2015 08:55 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Two, then they get a 5 day notice, then comes the notice from the courthouse.  We have learned that the longer you delay the more they will take advantage.

But if you are firm, they will generally find a way to pay.

 

Jul 24, 2015 06:51 PM