Rent Collection & Reporting | North Properties

How the money works

The rent runs through us, and your net lands by the 10th.

You stop wondering whether rent arrived and stop chasing it yourself. The tenant pays into a dedicated account kept separate from our own funds; we reconcile it, deduct our fee, and deposit your net — with a statement — by the 10th of the month.

Step 1

Tenant pays us

Rent is paid by pre-authorized debit or e-Transfer into a dedicated North Properties account, kept segregated from our own operating money.

Step 2

We reconcile & deduct

We confirm the payment, follow up instantly on anything late, and deduct our $75 fee and any costs you've approved.

Step 3

You're paid, by the 10th

Your net proceeds are deposited to your account by the 10th of the month, together with a clear monthly income and expense statement.

No formal trust account and no RECO middleman — just a clean, segregated holding account and a published payout date. More on how we handle your money & financials →

What's included

Everything the rent needs, handled for a flat $75.

Rent Collection & Reporting covers the money and the paperwork end to end. You keep the maintenance; we keep the ledger.

Rent collected each month by pre-authorized debit or e-Transfer
First-day-late follow-up — we chase the tenant the moment a payment is missed
Arrears notices prepared and served, using the correct Ontario notices
Lease renewals and rent-increase paperwork prepared and filed on time
Your net proceeds deposited by the 10th of every month
A monthly income and expense statement for your records

Your reporting

What's in your monthly statement.

Every month you get a clear, itemized statement — not a shoebox of receipts. It shows exactly what came in, what we deducted, and what landed in your account, plus running year-to-date totals so tax time is straightforward. At year end we prepare a summary ready for your T776 (Statement of Real Estate Rentals).

See how we handle your money →

Rent received this month
Our $75 management fee
Any approved costs, itemized
Net proceeds paid to you
Running year-to-date totals for your taxes

Who it's for

For owners who want the money handled — but keep their own trades.

Rent Collection & Reporting suits owners who are happy to arrange their own repairs and maintenance but would rather never chase a payment, draft a notice, or run a ledger again. We take on the rent, the follow-ups, and the paperwork; you keep control of the property itself.

Want the maintenance handled too? You can upgrade to Full-Service Management anytime — it includes everything here, plus coordinated repairs under a written response guarantee. Rent Collection & Reporting is a flat $75/month. See full pricing →

Straight answers

Questions about rent collection

What happens if the tenant pays late?

We follow up the moment a payment is missed — first-day-late, not a week later. If it isn't resolved quickly, we prepare and serve the correct Ontario notice on your behalf and keep you informed at each step. Should it escalate, Landlord and Tenant Board (LTB) coordination is available at cost through our licensed paralegal partner.

Do you handle maintenance and repairs?

Not under Rent Collection & Reporting — with this service you arrange your own repairs and trades. If you'd like maintenance coordinated for you under a written 24-hour urgent / 72-hour routine response guarantee, with trades billed at cost, that's our Full-Service Management service, and you can upgrade anytime.

How do I get paid?

The tenant pays into a dedicated account kept separate from our operating money. We confirm the payment, deduct our $75 fee and any costs you've approved, and deposit your net proceeds directly to your account by the 10th of the month — every month — with a monthly income and expense statement.

We collect the rent. You get paid by the 10th.