Rent Disbursement

Rental Proceed Disbursement

Early Disbursements of Rental Proceeds

Standard Rental Proceeds Disbursement Policy. It is the standard policy of 3 Options Realty to disburse monthly rental proceeds to property owners between the 15th and the 18th of the month, conditioned upon the property manager’s receipt of such funds from tenant(s). This policy is driven by the necessity under the law for the property manager to fund all shortages in the rental trust account caused by compulsory debits due to deposits of non-sufficient funds (NSF) for which a deficit balance is created on the property owner’s ledger.

Exception to Policy: If the property owner desires to receive the rental proceeds between the 6th and 8th day of each month, management will accommodate for a small monthly fee of $20 per disbursement, per property.

Contact Us to learn more about our rental proceeds disbursement policy.

Recent Blogs

May 18,2022
How Do Landlords Declare Rental Property Income?

If you are a rental property owner, you have a lot of responsibility for reporting rental property income tax every year. Filling taxes requires landlords to declare any form of payment received as rental property…

Read More
May 11,2022
12 Terms All Real Estate Investors Should Know

The real estate industry has experienced significant change, leading to unique jargon and technology. If you are a landlord, you need to understand the essential terms in real estate. At 3 Options Realty, we believe…

Read More
May 04,2022
9 Tips for Getting Your Property Ready to Rent

If you are considering entering the market of leasing property, 3 Options Realty can help you make your venture more profitable. Before you can reap the benefits of being a landlord, you need to ensure…

Read More