Rent Collection Services - Golden Sky Management

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• RENT COLLECTION SERVICES

www.goldenskymanagement.com
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Rent Collection Services - Golden Sky Management
The landlord or a property manager has to handle,
one of the most important things related to the
income-generating part of the business is
collecting the rent. Without a proper system that
is to be followed in collecting the monthly rent,
the whole business can end up in not earning as
much as the landlord would want. For the
landlord or the property manager, it is important
to think about collecting rent as an issue that
does not begin on the date when it would be due.
In fact, it would begin the moment the tenant
fills out the rental application. When it comes
to assuring that the potential tenant can pay the
rent on time, the landlord has to check past
rental references provided by the applicant. The
property management company should also perform
credit checks.
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Online Rent Collection Policy Overview

• Our online resident portal provides each user
  their own login, where they can view the current
  balance and upcoming scheduled rent payments. For
  our owners, this allows full transparency into
  the collections and disbursements made on behalf
  of your property. Our rent policy is
  straightforward
• Rent is always due on the first we do not make
  exceptions or payment plans
• Residents receive a 4 day grace period after
  which late fees will apply
• A 10 day notice is automatically sent on the 6th
  of the month giving residents 10 days to pay
  their outstanding balance
• If a resident fails to pay their balance by the
  15th of the month, an eviction will be filed
• Golden Sky Management will remove non-paying
  tenants and efficiently re-rent the property

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Manage Rent Collection Of Commercial Property

• If youre a commercial real estate owner who is
  struggling with tenants not paying rent on time,
  youre not alone. Fortunately, there are a few
  things you can do to improve the rent collection
  process and ensure more on-time payments. Here
  are a few best practices for rent collection in
  commercial real estate.

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General Tips For Collecting Rent

• Some landlords swear by incentives. In some
  scenarios, this means discounting rent if the
  tenant pays early or sets up automatic payments.
  However, it makes more sense economically to
  charge a late fee if the tenant fails to pay rent
  consistently.
• Always enforce rent policies. Forgiving a late
  fee or accepting payments more than five days
  late can make collecting the rent even more
  difficult the next month. Also, if you make an
  exception for a tenant once, he is more likely to
  be late on his rent again.

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THANK YOU

• Address 9783 E 116th St Suite 5296 Fishers
  Indiana 46037
• United States
• Phone No.[phone]

www.goldenskymanagement.com