PPM wants to send the rental proceeds as quickly as possible. Once the funds are clear and available in our bank account, we take the next steps.
Rent is due on the 1st.
Tenants have until the 5th before late fees are charged. This is their "grace period".
PPM processes and ensures the funds are good and clear our bank.
Fund are then initiated via ACH (direct deposit).
Note:
PPM sends collected rent via direct deposit the first business day after the 5th of each month.
Once the draw is initiated it may take 3-5 business days for your bank to receive funds.
PPM sends funds before the 15th of each month.
Are you a new client? Be sure to complete the banking and payment information.