For Poplar Homeowners with incoming residents who were independently approved by Poplar Homes (formerly Onerent), we guarantee a turnaround of two bank days for rent payout once we receive it from the resident.
Our standard lease asks for rent to be due on the first of each month with no grace period and most of our residents pay on time.
So, if we receive your rent on the first, we pay using the latest same-day ACH technology we've built directly with our bank. With this process, you will receive your rental income generally on the second or third of each month.
Most traditional managers may get it to you on the 10th or 15th, but we thought that was way too long.
If a resident does not pay on time and you've opted into our Poplar Homes Management service, then we offer eviction coverage to cover legal fees of any eviction.