What Happens If My Resident Doesn't Pay The Rent?

Late Rent & Evictions: Firm, Fair, and Fast

A reality of residential rentals is that some residents will consistently pay late. We screen aggressively, but setting standards high enough to eliminate late payments entirely would dramatically narrow the pool and hurt returns.

This is why we strongly recommend owners maintain an escrow equal to at least two months’ rent. A small buffer eliminates stress around mortgage payments and ensures late rent never turns into a financial crisis.

Our Late-Rent Timeline & Process

Rent Due: 1st
Late After: 5th

When rent is late, we immediately begin formal documentation — we assume the worst so we're prepared for the worst.

• Notice issued immediately after grace period

• Earliest legal eviction filing: 10 days after notice
  This is typically around the 16th of the month

• We may allow 1–2 extra days at most, and only after a discussion with you

Residents know we don’t bluff about deadlines — and because of that, very few test them.

Evictions When Necessary

If a resident crosses the line, we move as quickly as NC law allows.

• Typical timeline: 30–50 days depending on court backlog

• We’re aggressive — and that’s a major reason we rarely ever need to remove someone

• We do file on a fair number of residents, but the majority pay, cover costs, and never repeat the issue

We’ve learned that being “nice” or “flexible” on rent collections is often the worst thing you can do for a resident. Firm, consistent rules prevent situations where people fall so far behind they can’t recover — and end up losing their home entirely.

In short: discipline protects both the property and the resident.