Welcome to your new home! At Specialized Property Management, we are happy to have you as a resident in one of our Atlanta properties. Moving is stressful, and the process can be difficult. We’d like to alleviate some of that frustration by providing you with some information about how to pay your rent every month. As you know, following the terms of your lease agreement is an important part of being a responsible tenant.
We are always available to answer questions about making your lease payments, and we put together this information about paying rent to help answer some of those questions. We hope this information will help you begin a successful tenancy with us. If you’re unsure about anything we’re discussing, check your lease or contact us for help.
When Is My Rent Due?
Unless the language in your lease says otherwise, rent is due on the first of the month. This deadline is in place for every month that you are a resident. Even if the first of the month happens to fall on a holiday or over a weekend, it’s due on that day. Sometimes, tenants assume that rent is due on the first business day of the month. That is not the case. Your rent is due on the first of the month no matter what day the first happens to be.
It can be helpful to remind yourself about the approaching rental due date if you’re worried you won’t remember. We have talked to tenants who write it down in a calendar or set an alarm on their phone. You can also schedule the rent payment three or five days ahead of the first so you are certain it won’t be late. You can also pay it early – there’s no penalty for that. You should do whatever you need to do to ensure your rent isn’t late. This will save you money and headaches.
Many tenants ask us about a grace period for rental payments. We of course want and expect you to pay it on the first, but we understand that you may need an extra day to move some funds or wait for your paycheck to clear. So, we allow you to pay your rent on the second day of the month without penalty. It’s easier for all parties if you pay your rent in full on the first. However, we do offer our tenants one grace day, and we will accept your rent on the second of the month.
Please be aware, however, that rent is considered late after midnight on the second day of the month. Don’t wait until the third day or the fifth day to pay. If it isn’t paid on the first or the second, it’s late, and those late fees will be charged on the third.
How Can I Make My Rental Payments Every Month?
Our new tenants also ask us how to pay rent. The information on where and when to pay rent is in your lease agreement. Always check your lease when you have a question.
At Specialized Property Management, we endeavor to make it easy and convenient for all of our tenants to pay in a method that makes the most sense for each individual resident. With your convenience in mind, we will accept rental payments through any of the following methods:
- You can pay your rent online.
- You can pay your rent at any 7-11 store.
- You can drop your rent check in the mail.
- You can bring your rent to be paid in-person.
It seems that at least one of these payment methods will work for all of our tenants. Remember that you may need to be flexible. Have a back-up plan. Paying rent is a tenant’s responsibility, and while we’re here to help you solve your problems and manage your lease, it’s up to you to make sure you have the funds available and a method of payment that works for you.
How You Can Pay Rent Online
Probably the most popular way to pay rent is online. Tenants appreciate this option because it’s so easy to pay from anywhere there’s an internet connection. You can pay at any time of the day or night, and the online system is user-friendly. Simply log onto your tenant portal through our website. It’s easy to sign up for an account if you didn’t so when you signed your lease. Online, you can pay your rent through an electronic draft, which is taken from the checking account you specify in your portal. You can save the account that you plan to use every time, or use a different bank account each time you pay rent.
When using your portal, you have the option to make a one-time payment or to set up recurring payments. There’s a charge of $2 per month for the online payment service. You have the opportunity to improve your rental payment history by paying online and on time. You can pay online by providing your bank checking account, or you can pay with a credit card. If you use a credit card to make your online rental payments, you will be charged a credit card processing fee.
How You Can Pay Rent at 7-11 Stores
The local 7-11 is a popular place to buy a drink or fill up on gas. You can also use this convenience store chain to pay your rent. This option is especially attractive to tenants who want to pay in cash. You cannot pay in cash online, and no one should ever send cash through the mail. Instead, do it at the 7-11. The store clerk can help you make your payment. Be sure to obtain a receipt.
How You Can Pay Rent by Mail
Paying rent by mail has long been an acceptable way to keep up with payments, and you still have the option. You can send a check or a money order through the U.S. postal service to our office. The only thing you must remember is that we have to receive it on time. It must get to our office before it’s considered late.
Many people distrust technology or prefer to pay bills in paper, through the mail. That’s fine, and you’ll find the correct address to send the rent in your lease agreement. If you have trouble locating the correct office address, make sure you call us to find out where you should mail the rent check. Think carefully about your timing. Please allow enough time for the payment to reach our office. Your payment will be posted to your account on the day that it is received, not the date that’s printed on the postmark of your envelope.
Remember, the rent will be considered late if it’s received after the second. You cannot blame the mail or claim that you sent it in plenty of time. It needs to arrive in our office on or before the first or the second of the month.
How You Can Pay Rent In-Person
It’s also easy to make a rent payment in-person. We invite you to come into the office to pay your rent during our normal business hours. The office address is in your lease, or give us a call and we’ll tell you where to find us. In many cases, you can come and pay the rent outside of our normal business hours as well. Just make sure your office location has a drop box where you can leave your payment.
Paying Your Rent in Full Every Month
Rent is due in full every month, and this is non-negotiable. We cannot accept partial payments or a portion of the rent that’s owed. We need to receive the full amount due every month. Otherwise, the rent is considered unpaid.
It’s also necessary for you to pay a full month’s rent at the time you move into the home, even if you’re moving in halfway through the month. If your scheduled move-in is on the 12th of the month, for example, you still need to pay for a full month. Then, we will pro-rate the amount of your second month of rent. Talk to the leasing office if you have any questions about this. It will be explained to you at the time you sign your lease and pay your deposit.
Please also understand that your security deposit cannot be used as the payment for your last month’s rent. That would be considered a breach of your lease, and if you breach your lease, you’ll face extra costs and penalties.
We know that a great relationship starts with all parties understanding their responsibilities and expectations. If you have any other questions about your lease payments, we suggest you take a look at your lease, or contact our accounting department.
Thank you for your efforts to pay rent on time. We look forward to serving you, and if you need any help, please contact us at Specialized Property Management in Atlanta.