SLC townhome finally rented

It took 2 months but my SLC townhome #1 has been rented. The tenant is a single mother with good credit and no pets. I hope I get a stable tenant that will pay on time and last the whole year.

I took a look at the PM’s lease and the late fee is $99.50 if not paid by the 5th. This was surprising to me as my late fees have always been $25 + $5/day. I can’t imagine a 10% late fee due the day after its late but maybe that’s where the rental market is heading.

About Kenric

My blog about living life to the fullest by generating passive income through real estate, business and online investments.
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