At Romano Litchfield and Associates, we collect rent payments, property taxes, insurance premiums, and pass thru maintenance charges from tenants in a timely manner. To increase efficiency we offer our tenants several options for paying rent and other charges including:
- automatic withdrawal directly from their bank
- direct ACH receipt
- wire transfer
- standard mail or drop off
We also have the tools in place to assist with any collection issues that may arise including:
- Monthly Delinquency reports to monitor each property
- Rent Rolls on each property
- Late Fees (based on a percentage of the base rent as set forth in the Lease)
- A strong emphasis on the tenant/property manager relationship. Communication is key.
- Initiation of legal proceeding, when necessary, such as Notice of Default and 3 Day Pay or Quit Notices.