--- title: "Collections- What You Need to Know | Real Property Management Gold" description: "When you own rental property, your goal comes down to the amount of rent you collect. It would be nice […]" url: https://realpmgold.multisites.ai/collections-need-know-3 publisher: Real Property Management Gold phone: +1-301-392-2172 assessment: https://realpmgold.multisites.ai/contact-us#assessment --- # Collections- What You Need to Know MaintenancePublished May 17, 2017Updated May 14, 20252 min read  When you own rental property, your goal comes down to the amount of rent you collect. It would be nice if you were always paid the rent on time and the check cleared without problems. However, that rarely occurs 100% of the time. Even with careful tenant screening, your tenants can run into unexpected financial situations, and your payments will no longer come in on time or regularly. Your [rent collection process](https://realpmgold.multisites.ai/2150-2) should help your cash flow be as regular as possible. **Set the Rent Expectations Early** _Real Property Management Gold_ has been successful in encouraging successful rent collecting when the process starts with the careful screening of your potential tenants.  When you have a vacancy, it is a temptation to rent your home as quickly as possible and not be as careful as you should be with your [tenant choices](https://realpmgold.multisites.ai/landlord-center/tenant-screening). We are patient and make sure your potential tenant has a high enough credit score and is able to prove an income sufficient to be able to pay the rent regularly. We also have sound rental references. An applicant should earn at least three times the rent for your unit. Then, at the time of lease signing, we let your tenants know Real Property Management Gold’s expectations and policies with regard to rent collection. Good communication from the start makes us strict but fair, and policies are understood from the beginning of their residency. **Technology Payment Process** A rent collecting process that is technologically based is a secure and convenient way for your tenants to pay their rent. Real Property Management Gold has an online collection option lessens any rent collection delays. When the rent is collected, this automated system also works for the property owner giving a direct deposit from the collected rent to the owner. Keeping the rent collection process professional and not personal, with understood expectations, gives us the tools for a more successful renting experience. **Automated Collections Process** An aspect of rental property management in [Charles County Maryland](https://realpmgold.multisites.ai/property-investors-charles-county-regular-inspections) that is never pleasant is the business of collections when a tenant doesn’t pay the rent. Even the best-screened tenants can have a difficult time in their personal lives that affects their ability to pay rent on time. With an automatic collection process, the moment rent is not collected, automated notices can be sent to the tenant. These notices can be scheduled easily, and speak to your tenants with respect. As soon as the law permits, an eviction process can be started with a non-paying tenant so your days without rent can be as few as possible. Clear rent policies, along with a secure technology platform through [Real Property Management Gold](https://realpmgold.multisites.ai/contact-us), will help your Charles County rental property rent collection run smoothly. ## Terms on this page - [Cash flow](https://realpmgold.multisites.ai/glossary/cash-flow) First published by Real Property Management Gold on May 17, 2017. Details may have changed since then; current rules are in the [Landlord Center](https://realpmgold.multisites.ai/landlord-center). ## Keep reading - [Smart Property Management Strategies for Rental Owners in California, MDCalifornia, Maryland is part of the Southern Maryland rental market and benefits from consistent housing demand driven by military activity, \[…\]](https://realpmgold.multisites.ai/smart-property-management-strategies-rental-owners-california-md) - [How 3D Virtual Tours Improve Rental Property Marketing & Lease FasterStand out in a competitive rental market. Learn how to use 3D virtual tours to showcase your property and attract quality tenants.](https://realpmgold.multisites.ai/virtual-walkthroughs-rent-your-property-faster-661) - [Protecting Your Southern Maryland Rental Property: The Importance of Professional ManagementAre you a DIY landlord in Southern Maryland? Protecting your investment is crucial, and it can be a full-time job. \[…\]](https://realpmgold.multisites.ai/protecting-your-southern-maryland-rental-property) ## Ask what your home could rent for. Free. A free rental assessment from our offices in Lexington Park and Waldorf. No cost, no contract, no pressure. [Request a free assessment](https://realpmgold.multisites.ai/contact-us#assessment)[(301) 392-2172](tel:+13013922172)