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There is a risk factor involved in all types of investments, whether it is stocks, bonds, mutual funds or real estate. However, a landlord faces considerable risk when leasing property to a unknown individual or corporation. Few landlords are so bold as to continue with the arduous task of managing rental property after experiencing a "bad tenant". Certain precautions must be taken to find a good tenant and prevent property damage. This is where the ACI helps Landlords. By outsourcing tenant qualification procedures, credit reporting, billing, and collection services, ACI’s services ensure tenant performance through routine yet professional monitoring. |
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Landlords Join Forces to Collect Rent on Time with Monthly Credit Reporting |
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and Rent Monitoring |
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activity is synonymous to routine monthly surveillance
of your tenant. Today, almost every credit granting institution engage in monthly reporting to the National Credit Reporting Agencies as to the consistency of payments made in accordance with the terms of a contract or credit agreement. With over 25 years of experience, ACI has been providing services to landlords to ensure rental or commercial income property payment performance. On the average, your tenant may apply for credit three (3) times during a typical year. Monthly payment follow up and credit monitoring provides landlords with an early detection of a potential problem should a financial hardship occur with the tenant. ACI’s services ensure that our landlord clients’ exposure is limited to a thirty (30) delinquency as opposed to a 3 to 6 month delinquency. Procrastination in taking action ultimately costs landlords hundreds of millions of dollars nationally. Postponing payment until the end of the lease to report a tenant’s delinquency removes your leverage. When money gets tight, your tenant will first pay the creditors that report on a monthly basis where necessary to preserve a good credit rating. As a landlord, rent is the highest monthly payment your tenant has to pay monthly. Thus, using ACI’s services to report monthly ensures tenant payment performance and guarantees payment to our clients timely. Avoid Past Due Rent |
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If you want to know if your nexttenant is likely to pay the rent on time, or break your lease, credit reports, and criminal reports are the answer. Credit reports reveal debt load and responsibility towards financial obligations and willingness to follow the rules. Tenants pay landlords an application fee, so the ultimate background checks ACI performs are no cost to our Landlords. |  |
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Hassle Free Electronic Rent Collection
Timely Rent Payments Collection of Late Fees Eliminates Conflict Stay Friendly and Collect Rent Too! |
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Timely Rent Payments Automatic rent collection insures timely rent payments and eliminates potential conflict surrounding late rent fees. Landlords no longer have to pursue a tenant for payment of rent or late fees. ACI’s Automated Rent Collection System is used by Landlords Nationwide and is proven to evidence that tenants will stay longer, be happier, and pay all the rent they owe timely. Saves Time and Money No more trips to each rental income property. No more trips to the bank. Eliminate the need to collect rent in person. Eliminate the need for paying outrageous fees to management companies. ACI’s Automated Rent Collection System will save you both time and money. Tenants can no longer avoid the landlordand must pay on time. If your procedure is to have the tenant drive to your place, then automatic rent collection can save you time waiting for the tenant's arrival. Eliminates Conflict ACI’s Automated Rent Collection System eliminates conflict with each tenant as payment for rent due is made electronically and on an automated basis on the first of each month. Landlords also enjoy being able to make adjustments for amounts to be billed at any time. Simply log-in to ACI’s data system and modify the amount to be invoiced where necessary for rent increases, credits or reimbursements, or debits due for parking or damages. ACI’s Automated Rent Collection System delivers resources and power to Landlords in an instant, 24 hours a day, 365 days a week. More Control Over Your Tenant ACI does report monthly payment history and delinquencies directly to the National Credit Reporting Agencies. Landlords enjoy being able to access any tenant's payment history in our own data base, on-line, 365 days a year, and at your own convenience. By reporting payment history, Landlords, indirectly, maintain a reasonable degree of control over the tenant’s future credit history. Help Build Your Tenant's Credit For tenants who pay on time, automatic rent collection will benefit them by adding a positive trade line to their credit report. Younger tenants may actually establish a good credit history so they may obtain higher credit limits in the future. Stay Friendly and Collect Rent on Time Too! You maintain a businesslike and friendly relationship with your tenants as the ACI Rent Collection System is an automated accounting function. Tenants have no alternative but to respect your business procedures. | ||||||||||||
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Fast Eviction Decisions ACI’s Automated Rent Collection System ensures that each tenant must pay within each thirty (30) day cycle. Where a tenant would not pay on time, ACI’s data system automatically announces delivers a notice of concern to our landlords with a request for further action. Thus, landlords are able to immediately reduce their exposure to loss of income by enjoying the opportunity to take speedy and corrective action. With ACI’s Automated Rent Collection System, Landlords can be assured of prompt monthly postings to their bank accounts on rents due while being able to make a speedy decision with tenants who would require further collection action or eviction, if necessary. However, where eviction is necessary, ACI’s lawyers will promptly file all proceedings and secure any unpaid rent due by means of court order judgment.
How Does ACI’s Automated Rent Collection Work? When entering the lease or rent contract, tenants authorize ACI to electronically deduct rent and late fees from their bank account(s). ACI’s automated data system will collect rents due on the 1st of each month for any and all Landlord tenants. ACI’s data system will automatically attempt to collect up until the 5th of each month where after late fees would be imposed. Upon clearing of funds, Landlord bank accounts are credited immediately. Landlords are able to print comprehensive accounting reports at anytime and are available fordownload on-line. Where late fees or rent remains uncollected, Landlords can pre-program ACI’s data system to take any of the following actions:
Mail a late notice and payment reminder; To find out why most landlords nationwide are much happier with Automated Rent Collection, please contact your ACI representative at 1-800-658-8919 or write us for more information at: info@acicollects.com
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Timely Rent Payments
