Rent Collection

Revolutionizing Rent Collection

Ever pondered over the cumbersome process of traditional rent collection methods? The tedious trips to the bank, the constant tracking of payments, and the never-ending paperwork. Seems quite exasperating, doesn’t it? Now, imagine a world where all these hassles are non-existent. Sounds too good to be true? Well, not anymore.

  • Our tenants can pay rent electronically using eChecks (ACH), Debit Cards, and Credit Cards.
  • Our tenants can also pay rent in CASH at any 7/11, CVS, Walgreens, and Kroger stores.
  • All methods of payment are automatically recorded in our property management system for easy accounting.
1.

Streamlined Online Payment Systems

We provide convenient online payment options that allow tenants to pay rent quickly and securely. This includes recurring payment setups and various payment methods, such as credit cards, bank transfers, and eChecks.

Benefit: Tenants appreciate the ease and flexibility of online payments, which leads to more timely rent collection. It also reduces the risk of missed payments and ensures consistent cash flow for property owners.

2.

Automated Payment Reminders & Notifications

We send automated reminders and notifications to tenants before rent is due, as well as follow-ups on overdue payments. This proactive communication helps keep tenants on track and reduces late payments.

Benefit: Automated reminders reduce the need for manual follow-ups, saving you time and effort. This also encourages tenants to pay on time, improving your property’s cash flow and minimizing late fees.

3.

Flexible Rent Collection Options

We offer flexible rent collection options that cater to the needs of both tenants and property owners, including split payments, grace periods, and payment plan options for tenants facing financial difficulties.

Benefit: Flexibility helps improve tenant satisfaction and retention, as it shows a commitment to working with tenants while still maintaining financial stability. It also ensures rent collection is more consistent, even during tough times.

4.

Transparent Financial Reporting

We provide detailed financial reports that outline rent payments, overdue amounts, and payment histories. These reports offer transparency and keep you updated on your property’s financial health at all times.

Benefit: Clear, organized financial reporting helps you easily track rent payments, identify trends, and make informed decisions about your property. This transparency also helps reduce disputes with tenants over payment issues and fosters trust.

Effective rent collection guarantees reliable, on-time payments

Late or Missing Payments

At Three Pentacles, PLLC, we set up systems that make sure your rent gets paid on time, every time. From sending automated reminders to tenants about upcoming payments to applying clear late fee policies, we take the stress out of rent collection. If rent is ever late, we guide you through the proper steps to follow up and ensure that payments come in without a hitch.

What that means to you:
You can say goodbye to chasing late payments and worrying about cash flow disruptions. With our system, your rent is collected on time, consistently.

Ready to stop chasing rent checks? Let’s set up a system that ensures you get paid on time, every time!

Dealing with Non-Paying Tenants

If tenants stop paying rent, Three Pentacles, PLLC is here to help. We provide guidance on how to approach non-paying tenants with professionalism and fairness, from payment reminders to formal eviction notices, ensuring you follow legal procedures every step of the way. Our experts also help set up payment plans or offer solutions that can prevent costly evictions.

What that means to you:
You won’t have to go it alone when it comes to non-paying tenants. We’ll help you manage the situation smoothly, protecting your financial interests and your peace of mind.

Tired of dealing with non-payers? Let’s work together to keep things smooth and your rent flowing!

Lack of Clarity on Rent Collection Terms

Clear lease terms are key to preventing confusion, and Three Pentacles, PLLC makes sure your rent collection terms are spelled out in black and white. We help you draft leases that clearly define due dates, late fees, and payment methods, so there’s no room for misunderstanding. We also make sure tenants know exactly what’s expected of them, right from the start.

What that means to you:
No more confusion about what’s due when. With our detailed leases, you can avoid awkward conversations and ensure everyone is on the same page.

Let’s make sure your rent terms are crystal clear! No more confusion, just smooth payments every month.

Tenants pay late or not at all?

We eliminate missed payments!

Get in touch now

What clients say about our work

Lou M.
“Art’s vision and brokerage system reflect the latest trends in the real estate business.”
Bill J.
“Arthur and staff have been very informative, insightful, and professional. My first impression was great! It’s nice to know and respect the amount of knowledge and wisdom that Arthur has accumulated.”
Mike E.
“Arthur first brings an extremely high level of integrity. Clearly, he is intelligent and creative, but none of that matters without integrity. Secondly, as a broker, Arthur learns each subject area he chooses for study thoroughly and deeply. Whether he is discussing RESPA, computers, or sales, it is clear that Arthur knows his areas of expertise well.”
Cynthia U.
“I have found Arthur and his support staff to be very approachable and more than willing to help with any question or concern that may arise. I know because I have a lot of them! I am also very impressed with how technologically advanced the company is ahead of any other firm in the industry.”
Nina T.
“I think Mr. van der Vant is very experienced, very responsible and very sharp. He has taken classes, he has written books, and people whom were once his partners in business, told me that he is one of the very few businessmen who has a big knowledge about the foreclosure market. It is always good to be surrounded by smart people. It is a pleasure to work with him. He is always on time and he always picks up the phone when you call him.”
Kevin S.
“I have NEVER been given, or seen, this level of support and attentiveness before from any broker. Arthur is super knowledgeable, attentive, and GENEROUS with his vast Real Estate experience and knowledge. He’s also a nice guy, and very easy to work with.”
Maria S.
“I love getting my big checks, and fast.”
Sherry Y.
“This is a very knowledgeable broker… I really enjoy having the opportunity to work with Arthur.”
Rumen T.
“It is a great company with very experienced broker, a company that provides everything for the client from real estate contract to closing. Thank you!”
Anita F.
“I left another real estate brokerage after 15 years and started working with this company, because this one is dedicated and actively moving our business into the future, it’s also accomplishing that at a conservative cost. Thank you.”
Tina S.
“I’m grateful that I don’t have to reinvent the wheel everyday, like I used to do. Looking forward to a good year!!!”
Todd P.
“This is a company that has a vision, a bright future and a focus that any real estate person should look into whether you are new to the business or an experienced veteran.”
Christian M.
“Art is nice and professional. He is very well informed on maintenances and care for units. Good at communicating, quick to respond to questions or requests.”
Navin N.
“Art is one of the best out there. Highly encourage folks to work with him.”
Aaron S.
” Art with Three Pentacles is easily one of the most knowledgeable property managers in Chicagoland. When I was looking for a new management company, I called a good 10 places. during the time I had a tenant I was in the middle of evicting. Without pitching me, Art asked thoughtful questions to learn more about the situation. He clearly has immense knowledge of the eviction process and housing court system. After our call, I engaged his services and he’s been prompt and supportive ever since. He has been navigating my difficult tenant situation with grace, using strategies that never crossed my mind. I feel secure knowing Art has my best interests forward, and is clearly able to manage my property within state and county compliance. He’s worth every penny, and if you’re looking for a property manager, he’s your guy.”
Jeff F.
“The owner of Three Pentacles is an outstanding property manager across the board. He has the technical understanding and experience with repairs to hire out for routine and major work in a methodical and cost-effective way, and he will go above and beyond to address emergency situations like the flooding of a basement apartment. By doing so, he not only serves the best interests of property owners but their tenants as well. Most impressive of all, he is extremely knowledgeable about everything related to leasing apartments, from obtaining a through background check of prospective tenants, to making sure leases comply with any local regulations, and taking the proper steps to evict a tenant when necessary. I would highly recommend Three Pentacles.”
Gena M.
“Experience was great love working with Three Pentacles, PLLC.”
Mercedes A.
“I highly recommend Three Pentacles PLLC. They have great attention to detail and go above and beyond to provide excellent service.”