RENT COLLECTION

Rent Collection

Our tenants have several options when it comes to paying rent, including online payments through the tenant portal. Paying rent has never been made easier.

As stated in our lease, regardless of the move-in date, all rent is due on the 1st of each month. We do allow a five-day grace period, meaning that any rent not received by the end of the day on the 5th is considered late. Late payments are assessed a late fee. A notice of late payment is sent out, along with attempts to contact the resident(s). If no rent has been received by the 10th of the month, we begin the dispossessory process.

We make several options available for the payment of rent. Rent payments can be delivered directly to the office, mailed to the office, or paid online through the tenant portal (accessible through our website).

All rent payments are processed as they are received, and disbursements to owners are made on the 10th of each month. If the 10th falls on a weekend, it will be disbursed on the next business day. Owners are notified if rent has not been received for a particular property, prior to disbursement. Rent payments received after the 10th of the month will be included in the following month’s disbursement. Owners receive their disbursement through direct deposit.

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