South Jersey Rent Collection Process
It’s hard to imagine anything more important to the success of your investment property than consistent, on-time rent collection. Here’s how we do it.
We Collect Rent When It’s Due
At Realty Solutions, we prioritize rent collection and have a comprehensive process to ensure tenants understand their rent payment requirements and that they fulfill their responsibilities.
We know it matters.
You count on your rental income to pay the bills associated with your property. You need it to increase ROI. We make sure your tenants are on track.
It’s about expectations. We do everything possible to be sure tenants understand our rent collection policy and know that we’ll hold them accountable to it.
The Right Tenants in
the Right Property
Our rent collection process starts with simple tenant screening. We employ a strict 8-Point Screening Process which qualifies each tenant specifically to each property.
We look for tenants who pay on time.
Every month, days before rent is due, we send residents an email reminder regarding the upcoming rent payment. Each tenant has their own Resident Center login online.
Rent Due Dates
Thanks to that reminder, tenants know their due date is approaching. Our process continues on that due date. We send residents another email, just in case that first one was missed.
The Realty Solutions Step-by-Step Rent Collection Process
Rent collection is a crucial part of any property manager’s job, and it’s something we’ve perfected in our years of managing homes throughout South Jersey. Our process leverages our high level of authority and our commitment to the best outcomes for you.
Auto reminders are sent to residents 10 days before the due date and on the due date, with the amount that’s due.
Our system automatically calculates any late fees that need to be applied, after the grace period expires. Less guesswork.
An automatic notice is generated when the grace period has ended and the tenant still has not paid rent, allowing them to budget for a late fee.
Notice to Pay or Quit
If rent remains unpaid after the grace period, a Notice to Pay or Quit is served in compliance with state law.
Property managers reach out to tenants to work on a solution that avoids eviction. Payment is immediately due.
Evictions are rare, but we’re prepared to move forward with the help of our legal department when necessary.