At my job, we pay people's rent on the 1st and they pay us back throughout the month to avoid being late & allow flexibility. During the pandemic, landlords are turning down our service/not allowing it, because they are making so much revenue off of late fees. #CancelRent
We paid someone's rent yesterday, on August 4th, and they already had a $200 late fee posted. These late fees aren't regulated in any way. Some landlords have late fees that add $10/$20 each day on top of a base late fee starting as early as the 2nd or 3rd of each month.
I also do want to note that lots of landlords love our service and appreciate being able to offer it to their tenants. I just find it really horrifying how unregulated the whole system is, especially right now when we are facing an impending eviction crisis.
