Of course, our job isn’t done until rent monies are collected and your funds are paid to you, and Hometown Property Management strives to make this process a convenient and streamlined one for all parties. We offer a range of payment options to residents; rents can be paid using personal checks, cashier’s checks, or money orders. We also can set up an on-line payment option.
Once we receive rent payments, our finance staff applies any funds needed to cover services that may have been or need to be performed on your property.
(Property owners can view the up-to-date service status of their homes through our 24/7 on-line portal).
After fees and services have been paid, all remaining funds are distributed directly to the owner through an electronic funds transfer, which we set up with the owner’s bank. The property owner is sent a monthly accounting statement as well as a quarterly status update and an end-of-year report.
While our system has proven effective and our residents are rarely in arrears, problems do occasionally arise in the process of collecting rent payments. Hometown makes every effort to enforce the terms of your leasing agreement to ensure that rent is paid on time. In the event that a formal collections process is needed, we initiate those services on your behalf and remain in close contact with the collection agency until the problem is resolved and all funds are received in full.