FAQ: What is SMART’s Owner Distribution Policy?
As the #1 property management company in Las Vegas, we strive the provide the highest level of service or our owners and investors. We believe in focusing solely on property management that delivers the best results.
We’ve followed a policy that makes SMART’s distribution of monthly funds to owners extremely convenient. Our process reads:
Rent is due the 1st of each month with a 5-day grace period.
We allow 3-4 days for personal checks, money orders and cashier’s checks to clear. (Sometimes during this period a tenant has written an NSF check which might hold up your check).
The 10th of each month, Owner ACH direct deposits will be initiated and statements will be uploaded to Promas Central. Bills associated with the property will also be uploaded during this time.
If the 10th falls on a weekend, payments will be initiated on the next business day.
Two additional ACH direct deposits will be done on the 18th and 25th of the month to remit funds from any late paying tenants.
Each new owner is required to provide SMART a copy of a VOIDED CHECK in order for us to get you set up in the system.
At the end of each calendar year, we provide simplistic Year to Date statements and 1099’s making tax preparation easy.
Overwhelmed with landlording and managing your own rental property? Let us shoulder the responsibility! We’ve been serving owners and investors in the Greater Las Vegas area for a number of years — and we’re not going anywhere! Give us a call and learn why we’re the SMART choice for your property management needs.