How Do The Rental Income and Eviction Protections work?

If rent is not paid on the 1st of the month, a 5-day grace period kicks in. On the morning of the 6th day after no rent has been collected, we text, email, and then post a 3-day notice to pay rent or quit. If still no rent has been collected the morning of the 4th day after that notice has expired, we can proceed with a Unlawful Detainer eviction (Presuming courts are back open and there is no local eviction moratorium in effect). Internal accounting audits all properties with delinquent rents, verifies if they have guarantees in place or not, and, if available, credits their accounts with +$ to use toward rental income. Money will be disbursed just as if the resident had paid on time. Simultaneous to receiving your rental payments from the Rental Income Guarantee, and if allowable, we'll proceed with the Unlawful Detainer for your unit.