Rent Collection & Accounting on Autopilot
Managing rent from 4–5 individual tenants per property shouldn't mean 4–5 times the work. Our automated platform collects from every tenant, enforces late fees, disburses to owners, and delivers detailed monthly financials.
Frequently Asked Questions
Rent Collection & Accounting FAQ
How do tenants pay rent?
Tenants access a secure online portal supporting ACH bank transfer, debit card, and credit card. Rent is auto-drafted on the 1st of each month. Tenants can also set up autopay for zero-touch monthly payments.
When do I receive my rent payment?
Owner disbursements are deposited directly to your bank account by the 15th of each month. The amount reflects collected rent minus management fees, approved maintenance expenses, and reserves.
How are late payments handled?
Late payments trigger automatic reminders at day 3, formal written notices at day 5, and late fees per the lease agreement. For persistent non-payment, we initiate the formal collection and eviction process per Florida statute.
What financial reports do I receive?
Monthly: detailed P&L by property and room, rent roll, maintenance expense breakdown, vacancy report. Annually: full income/expense summary, 1099 tax forms, and categorized deductions for your CPA.
Can I see real-time financial data?
Yes. Your owner portal provides 24/7 access to current rent collection status, maintenance expenses, vacancy tracking, and year-to-date financials. Portfolio investors see consolidated multi-property dashboards.
How do you handle security deposit accounting?
Security deposits are held separately per Florida §83.49 requirements. Interest is applied as required by statute. Move-out inspections generate itemized deduction statements, and refunds are processed within statutory timelines.
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