Disbursements and Rent Payments Explained
Understanding how rent flows from your tenant to your bank account helps you plan your finances and know what to expect each month.
How Rent Is Collected
Your tenants pay rent through their tenant portal. Payments are collected and held in PPM's trust account until the disbursement window opens each month. Rent is due the 1st; tenants have until the 5th before late fees apply.
Disbursement Timeline
Rent is due from tenants on the 1st
Grace period ends on the 5th
PPM initiates ACH disbursement on the first business day after the 5th
Funds typically arrive in your account within 3–5 business days
All disbursements are sent before the 15th
What's Deducted Before Disbursement
Before funds reach you, PPM deducts:
Monthly management fee
Any maintenance costs incurred that month
Any other authorized charges per your management agreement
The remainder is your net disbursement. See your monthly statement for the full breakdown.
Partial Month / New Tenant
If a new tenant moves in mid-month, you'll receive pro-rated rent for the portion of the month they occupied the unit. This will be reflected on your statement.
Questions?
Email [email protected] or call (973) 646-4422.