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Rents are aggressively collected, as all rents are due on the 1st of each month and late after the 3rd. Tenants may receive a 3-day notice (for non-payment of rent) as early as the 4th of the month. If the rent is not paid after the 3 days, an ‘Application for Restitution’ is prepared and filed in Court. Once we are awarded a Judgment by the Court, aggressive action is taken to collect the judgment amount thru garnishment of wages.
PAYMENTS OF BILLS
Sena Properties, Inc. is happy to pay water/sewer/refuse, mortgage, utility bills as well as repair bills for the Owners, from the rents collected.
Each Owner will receive a monthly statement, detailing all income and expenses pertaining to the property. An annual statement will also be provided to the Owners in January of the following year, for tax purposes. Sena Properties, Inc’s Management fees are detailed in the Management Agreement.