Rent Collection Services
Rent is due on the first of the month and is considered late by the 4th. Tenants can pay rent at our office 24 hours a day using drop box. Tenants can also mail rent payments or sign up for auto rent withdrawal from a bank account. If rent payments are not received in a timely manner, Sulthar Properties will contact the tenants for rent collection. Sulthar Properties will notify owners of rent payment status and send appropriate notices to tenants. Most of our tenants pay the rent on-time due to the excellent tenant screening process Suthar Properties follows. Suthar Properties deposits rents on a daily basis through our automated check deposit system. Rent is disbursed to owners or investors by the 10th of every month. Owners have two options to receive rent payments: direct deposit (ACH) to your bank account, or a paper check.
We do the bookkeeping chores for you - we use PROMAS, the highest-rated property management software to keep complete, accurate records of every income and expense that affects your property.
We collect rent from the tenant so that you don't have to exert yourself physically and mentally.
Monthly and Yearly Reports
Each month, we will send you a monthly financial statement containing the amount of money that was collected, and payments, if any, that were made. We will send you a year-end statement for your tax purposes.