While collecting monthly rent might seem like an easy task, it is far more time-consuming and challenging than most landlords anticipate. And failing to collect rent on time can lead to insufficient funds in your account, which leads to a whole host of other problems.
Fortunately, professional property management companies have a tried-and-true system for efficiently and effectively collecting monthly rents. From automated payment collection systems to clearly articulated late fees, property management companies will ensure that rent is collected on time each month and that it is deposited safely into your account.