Why is the Net rental income deposited into the landlord’s account a month after the rent is due?
Most of the times Rent is collected within the first 5 days of the month, “grace period”. However, some tenants prefer to pay after this 5-days period adding a late fee to the rent payment. During this month expenses are generated and these are paid from the money collected from the rent for the month. Therefore, we wait until the end of the month to consolidate your account. To this, we add approximately 3 to 5 days for processing your accounting and for initiating your payment. During this period we consolidate your account against the bank statement which usually is available the first of the month ahead of the month to be paid.