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Late fees for boarding

This is a discussion on Late fees for boarding within the Horse Boarding forums, part of the Barns, Boarding, and Farms category

     
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        05-17-2011, 02:33 PM
      #11
    Weanling
    Board is due the 1st of the month and you have until the 5th to pay. Every day after that is $5 where I am at. I always pay the 15th of the month before, so I never have to deal with it.
         
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        05-17-2011, 02:36 PM
      #12
    Showing
    I think $5.00 a day for every day a boarder is late is fair.

    After all, if they were a GOOD boarder their payment wouldn't be late.

    Hit the craptastic boarders where it hurts the most, in their wallets!
         
        05-17-2011, 08:25 PM
      #13
    Weanling
    At the barn I used to board at was a $25 late fee if board wasn't paid by the 3rd(it is due the 1st), and a $5 fee for everyday late after that.

    I think it's pretty fair, the barn owner has bills to pay too. Lol Although, late fees were never a concern for me because I worked my board off.
         
        05-20-2011, 05:04 PM
      #14
    Yearling
    I charge a 10% late fee if board isn't received by end of business on the 5th. I also changed my policy where boarders are not allowed to participate in lessons, clinics or shows at or with our barn until their board is paid. I also offer a group discount for 3 horses or more but they have to pay full price on time for 90 days and if they pay late they lose the discount.. so basically they lose certain privileges until board is paid.
         
        05-22-2011, 09:12 AM
      #15
    Foal
    Starline- I was just wondering how many people at your barn wait until the 5th to pay?(I am assuming its due on the first and you give them til the fifth to pay)
         
        05-22-2011, 09:23 AM
      #16
    Foal
    I'm not sure if there is a late fee at my barn, but I do know that if you pay on the first you can deduct $25 from what you owe that month. I would think $5 a day is fair and would really encourage them to pay on time or at least close to it.
         
        05-22-2011, 09:28 AM
      #17
    Trained
    Quote:
    Originally Posted by mls    
    THIS is exactly what we are dealing with - two boarders.

    Our policy is if you are going to be late - we realize things happen - if you CALL prior to your due date - as in pick up the phone - make an effort - we waive the late fee. ($25 per horse)

    One boarder has been running two weeks late for MONTHS. I just got the e-mail this morning. Now planning to pay until the 27th. Was due on the 15th.

    The $25 is just not enough of a penalty. It was suggested a flat $5 per day.

    I always tell folks - we don't wait to feed your horse until we get your payment.
    We have good friends that board horses and as you note, their experience is that late fees typically don't alter peoples' bad behavior. Chronic late payers are asked to leave. To them, someone will take their place at the barn and it's not worth the hassle and aggravation.
         
        05-22-2011, 10:03 AM
      #18
    Trained
    We have no late fee. The barn owner doesnt care at all about what day you pay as long as its with in the month. Even if you don't pay with in the month nothing happens except he reminds you.
         
        05-23-2011, 02:35 AM
      #19
    Yearling
    The last barn I was at had a late fee. I had to pay it once.
    Board was due on the 1st, but wasn't considered late until the 5th (due to people's varying pay dates at work*). After the 5th it was a $15 fee, and after the 15th it was a $5/day fee. Board was $200/month, if that matters.

    *I was very happy to hear this, as the job I had at the time payed every second Friday. Sometimes that second payment was on the 3rd, and I couldn't pay my board until then.
         
        05-23-2011, 12:22 PM
      #20
    Trained
    Quote:
    Originally Posted by gypsygirl    
    we have no late fee. The barn owner doesnt care at all about what day you pay as long as its with in the month. Even if you don't pay with in the month nothing happens except he reminds you.
    Same here - I love my barn! The barn I am at is very professionally ran, to the T, but has no late fee's.

    I pay at the end of every month. I like that my barn doesn't have rules like this. It is very inconvenient for me to pay board at the beginning of the month, and works out wonderful for me to beable to pay near the end.

    Just so long as I pay every month.
         

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