Opting for RAR to handle rent collection means tapping into a wealth of knowledge about local tenant laws and regulations. The property management team here is both dedicated and experienced, always aiming to provide top-notch service. Rent gets collected efficiently and reliably. The track record speaks volumes—numerous client testimonials highlight the effectiveness and professionalism on offer. With RAR managing things, rest easy knowing that rent collection is in capable hands. This frees up time to focus on other aspects of investment without worry.
First off, timely rent invoices go out to tenants. Along with these are gentle reminders that help ensure payments come in on time. This proactive method cuts down delays and keeps things friendly between landlords and tenants.
To cater to different tenant needs, several payment options are available:
Online Portal: This easy-to-use portal lets tenants pay securely anytime, day or night.
Auto-Draft: Automatic payments can be set up so rent is always paid on time without any hassle.
Sometimes, despite all efforts, late payments happen. RAR manages these cases professionally while sticking to legal rules.
Late Notice Steps: Quick action is taken by sending out notices about overdue rent and any related fees.
Collecting Late Fees: The process includes enforcing and collecting those late fees to make sure lease terms are followed properly.
Dealing with tenants who don’t pay can be tough. RAR is here to help property owners handle it smoothly.
Eviction Assistance and Legal Support:Get step-by-step guidance through the eviction process, ensuring everything stays legal while protecting interests.
Quick Re-Renting of the Property: The team works fast to prepare and market properties for new tenants, keeping rental income steady.
With RAR rent collection services, rest easy knowing that rental income is managed efficiently. This allows more focus on maximizing investment returns.
To cater to different tenant needs, several payment options are available:
Available 24/ Manage rent payments anytime, from anywhere.
Auto-Draft Options: Set up automatic payments to never miss a due date.
Secure Payment Processing: Advanced security keeps information and transactions safe.
The portal is user-friendly. It’s simple to check account status, make payments, and see payment history. With this reliable platform for rent payments, RAR boosts tenant satisfaction and ensures rents are paid on time.
There are several ways to pay. Options include online payments through the tenant portal, auto-draft, and sending checks by mail.
Late notices go out quickly when rent is overdue. Late fees apply as stated in the lease agreement. If non-payment continues, legal action may be taken if needed.
Yes! The online portal makes it easy for tenants to arrange automatic payments for hassle-free rent collection on time.
The entire eviction process is managed, from legal paperwork to court representation and tenant turnover.
The team works quickly to get the property ready and marketed. This helps keep vacancy periods short and rental income steady.
$30,000
$30,000
$120,000
$30,000
$4,800
$34,800
INCOME ANALYSIS | YEAR 1 | YEAR 2 | YEAR 3 | YEAR 4 | YEAR 5 | YEAR 10 | YEAR 20 | YEAR 30 |
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Gross Scheduled Income | ||||||||
Less Vacancy Allowance | ||||||||
Gross Operating Income | ||||||||
Property Taxes | ||||||||
Insurance | ||||||||
Utilities | ||||||||
Homeowners Association | ||||||||
Maintenance Reserve | ||||||||
Property Management | ||||||||
Total Operating Expenses | ||||||||
Net Operating Income | ||||||||
Capitalization (Cap) Rate (%) | ||||||||
Less Mortgage Expense | ||||||||
CASH FLOW | ||||||||
Cash on Cash Return | 4.8% | 6.1% | 7.5% | 8.9% | 10.4% | 18.7% | 41.4% | 75.3% |
EQUITY ANALYSIS | YEAR 1 | YEAR 2 | YEAR 3 | YEAR 4 | YEAR 5 | YEAR 10 | YEAR 20 | YEAR 30 |
Property Value | $150,000 | $156,000 | $162,240 | $168,730 | $175,479 | $213,497 | $316,027 | $467,798 |
Plus Appreciation | $6,000 | $6,240 | $6,490 | $6,750 | $7,020 | $8,540 | $12,642 | $18,712 |
Less Mortgage Balance | $118,659 | $117,228 | $115,701 | $114,071 | $112,333 | $101,731 | $66,798 | $0 |
TOTAL EQUITY | $37,341 | $45,012 | $53,029 | $61,409 | $70,166 | $120,306 | $261,871 | $486,510 |
Total Equity (%) | 24% | 28% | 31% | 35% | 38% | 54% | 80% | 100% |
FINANCIAL PERFORMANCE | YEAR 1 | YEAR 2 | YEAR 3 | YEAR 4 | YEAR 5 | YEAR 10 | YEAR 20 | YEAR 30 |
---|---|---|---|---|---|---|---|---|
Cumulative Net Cash Flow | $1,686 | $3,823 | $6,432 | $9,531 | $13,143 | $19,651 | $34,042 | $60,237 |
Cumulative Appreciation | $6,000 | $12,240 | $18,730 | $25,480 | $32,500 | $41,040 | $53,682 | $72,394 |
Total Net Profit if Sold | - | $1,309 | $9,548 | $18,158 | $27,158 | $78,674 | $224,020 | $454,393 |
Annualized Return (IRR) | - | 10.9% | 15.7% | 17.6% | 18.4% | 18.6% | 17.5% | 16.9% |