Rent Collection and Accounting

Efficient Rent Collection

Rent collection is a fundamental aspect of property management, ensuring consistent cash flow and financial stability for landlords. At RentSetGo, our team prioritizes efficient and timely rent collection from tenants. We employ various methods to facilitate easy and convenient rent payment, accommodating different tenant preferences while ensuring reliability and punctuality in payments.

Secure and Timely Deposits

Our commitment to landlords includes the secure and timely deposit of rental income into their accounts. We understand the importance of swift processing of these funds and employ robust systems to ensure that deposits are made promptly and securely, thereby maintaining the financial health of your investment.

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Comprehensive Financial Tracking

Managing a property involves numerous financial transactions beyond rent collection. Our team diligently tracks all income and expenses related to your property. This includes maintenance costs, utility payments, and any other financial activity. By maintaining meticulous records, we provide a clear and comprehensive view of your property’s financial performance.

Regular Financial Reporting

Transparency is key in property management. To keep landlords fully informed, we provide regular financial reports. These reports offer detailed insights into the property’s financial status, including income received, expenses incurred, and net profitability. Our reporting is designed to be clear, concise, and informative, enabling landlords to make informed decisions about their property.

Rent Collection and Accounting – FAQs

How do you handle late or missed rent payments?

We have a structured process for addressing late or missed payments, which includes timely reminders, clear communication with tenants, and, if necessary, enforcement measures as per the lease agreement and Ontario laws.

We offer various rent collection methods, including online payments through our Tenant Portal, e-interac money transfers, direct bank transfers, and traditional methods, to accommodate different tenant preferences while ensuring ease and reliability of payment.

Landlords can access their financial reports 24/7 through our Landlord Portal. We provide a detailed and up-to-date overview of the financial status of their property including other lease details.

Curious what your property could rent for?

We’ll research the type of property, it’s location as well as current market trends to provide you with your FREE Rental Market Analysis.

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