For Poplar homeowners with incoming residents who were independently approved by Poplar, we initiate rent payout by the third banking day of each month.
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 third or fifth business day of each month depending on your bank and day of the week.
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.