The payment process is often the first question property owners ask when meeting with a property manager in Indianapolis. WILMOTH Group is committed to providing timely, accurate payments to property owners based on their preferences. In this special minicast, Jennifer Wilmoth, co-owner of WILMOTH Group, provides specific details about how rental payments are transferred to property owners.
Jennifer Wilmoth: We disperse to owners on a monthly basis between the 10th and the 14th day of the month. For example, if we are collecting rent for the month of November, we disperse those funds between the 10th and the 14th of the same month. Some property managers hold a month or they delay and not disperse your funds until the end of the month.
But we do disperse that particular month between the 10th and the 14th day, and we do disperse it using ACH, meaning those funds go electronically straight into the account you have designated on a monthly basis any balances owed to you. We also work with IRAs.
Some owners want their funds dispersed to IRAs, or any other special arrangements we can accommodate. You choose to have a paper check, we can do that as well. It’s just that those funds don’t get to you as timely. But we do disperse regularly every month between the 10th and 14th.