Rent Collection and Late Fees
We make sure you get paid on time, every time
Collecting Rent For Your Investment
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 5 days we provide them with a late rent notice, where we charge and collect the appropriate late and service fees along with the normal rent amount. Worse case, if we have a tenant that does stop paying rent, we will initiate and execute the eviction process.
We make paying rent easy for tenants with the online tenant portal that can be accessed 24/7. We encourage tenants to pay online, which means we can pay you out faster. Our goal is to pay out owner funds as soon as the funds have cleared for the current month.
Our standard grace period for rent payment is 5 days. If rent is not paid by midnight of the 5th of each month the late fees are assessed. Additionally OTPM does not keep the late fees, those are considered as owner funds and paid out with any rent payment once cleared. UNLIKE MOST PROPERTY MANAGERS, WE DO NOT HAVE A FINANCIAL INCENTIVE TO PLACE A CHRONICALLY LATE PAYING TENANT IN YOUR PROPERTY
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As Your Eugene Property Manager, We Take Care of Everything.
Rental Evaluation
We will work with you prior to your purchase of a rental property to help evaluate any prospective rental property and give an evaluation from a property manager's perspective. This includes reviewing current leases and ledgers, walking through the prospective rental to establish condition of property and any current tenancies, performing rent analysis to establish actual market conditions and provide an overview of the process of taking over the rental and correcting any issues with the property or tenancy.
Marketing
Marketing is key to successful rentals. OTPM provides an expert market analysis for each property we manage to maximize your return on investment while minimizing vacancy of our managed properties.
Tenant Screening
We conduct extensive screening on all prospective tenants in compliance with all laws and regulations. After finding and securing the best available tenant we handle everything from moving your new tenant into their new home, to rent collection, handling maintenance issues, dealing with tenant issues, processing move outs and advertising for the next tenant.
Rent Collection
We make sure you get paid on time, every time. You no longer have to worry about rent showing up in your bank account because we take care of everything so you have to worry about nothing.
Maintenance
We conduct inspections at move-in and move-out of a tenant to document conditions at the start and end of the tenancy. Additionally we conduct periodic inspections to ensure the property is in good condition and the tenants are abiding by the lease terms. This includes documentation of the property’s condition and ensure all maintenance issues are addressed in a timely manner.
Financial Reporting
With our detailed financial reporting tools, it's never been easier to keep tabs on your investment. Log into your owner portal to view statements and stay in tune with how your investment is performing.