Below is a timeline for the steps involved in paying property owners. Payment consistently occurs on the second Friday of each month after we collect rent.

Between the 1st and 5th of the Month:

1. Tenant pays rent (between 1st and 5th of the month)
2. Rent clears our bank account

Between the 6th and 8th of the Month:

1. Management Fees and Maintenance Expenses are subtracted from the rental income.
2. We reconcile your property’s financial ledger.

Between the 8th and 12th of the Month: (Always on the 2nd Friday of the Month)

1. We publish a monthly financial statement on the online owner's portal for your review.
2. We electronically send your proceeds to your bank account
3. Allow 2-3 business days for the funds to clear your account

If, for any reason, the tenant doesn't pay rent by the 6th of the month, they will receive a 10 day notice of demand for rent, which is the first step in the eviction process.