Collecting rent is one of the most tedious processes in being a landlord. We take the burden and documentation out of that process for our owners with the assistance of online payments and among the best software available in the property management industry.
The due date for tenant rent is always the 1st day of the month. If the tenant moves in during the middle of the month, their first month’s rent will be prorated.
Rent is always late the 3rd of the month in accordance with Texas law that states a grace period of 1-day must be given. Our software allows us to track exactly what day and time the tenant has paid rent through our online system. Currently, around 80% of our tenants are paying online. We push rent collection hard because most owners are making a mortgage payment and pressing the tenant for the money and getting it to the owner is a high priority.