We pay owners the same time each month. We collect rent on the 1st and disburse to owners no later than 15th the following month. We disburse through ACH. Owner statements are available through the owner portal each month no later than the 15th.
Collecting rent is easy if you have the perfect tenant who pays on time! But what if they don’t? Having someone in your corner who knows tenant law and the proper notices to send is critical!
- If a tenant has gone beyond the grace period of the lease we provide them with a late rent notice, where we collect the appropriate late fees along with the normal rent amount.
- If we have a tenant that does stop paying rent, we will assist in the eviction process and re-renting the property quickly.
- All rents are due on the first of the month.
- If a tenant fails to pay by the 15th we file the eviction.
- We do not make rent payment arrangements on rent.
Indianapolis Property Management Services – A Wise Investment
Too many people get into the rental property market as a means to grow their investment money thinking it’ll be a passive investment. It’s a good decision for the most part, as property values tend to increase over time no matter where you are and the rent payments almost make this investment self-funding. However, what appears to be a perfect plan on paper often turns out to be anything but in reality. Tenants create management situations, whether they are good or not so good, and rental properties take time to maintain, even if they’re relatively new.
Unfortunately, a lot of rental property investors do not go ahead and hire Indianapolis property management services because they think it’d be too costly. In most situations, this thinking is misguided. As you’ll see below, CRM Properties can help you understand the full value of your rental property such that it’s quite possible that you can charge more in rent than you would have otherwise. Given that potential, it’s also quite possible that this extra rent revenue will help to pay for your property management in Indianapolis. Once again, you’ve achieved a largely self-funding model.