What is the typical flow of events each month?
1st of the month: Rents are charged – beginning of the statement period, revenue begins to be collected for the month.
6th of the month: First three day notices are mailed regular mail and certified mail to the resident’s address.
13th of the month: Evictions are being filed (after consultation with investors). Court dates are set at eviction filing and can vary.
Every Tuesday and Thursday up until Hard Close we pay any invoices on behalf of the investors.
25th through 28th: Hard Close is placed on our system and no further expenses are income can be entered. Investor distributions are calculated and approved by our Property Managers.
29th: Distributions are then mailed or direct deposited into your account.
By the 5th of the following month, Financial Statements go out via email for the prior month.