Owners: Frequently Asked Questions

 

What happens if my tenant’s rent check bounces?

We believe that the ability to pay rent by personal check is a privilege, not a right. Our renters have the ability to pay their rent electronically, which is our preferred method of payment. If a tenant’s rent payment check is returned unpaid by the bank, for whatever reason, the tenant is assessed all bank charges, as well as a handling fee payable to Truckee Meadows Property Management. Our standard late payment policy applies. If the tenant bounces a check twice, they no longer have the privilege of paying rent by check – all future payments must be made via bank transfer or certified funds.