Skyhouse/Services/Automated Rent Collection

Automated Rent Collection — On Time, Every Month

Skyhouse collects rent automatically, handles arrears, and delivers monthly statements so you always know where your money is.

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About This Service

Late rent is one of the biggest stressors in property ownership. Skyhouse's automated collection system ensures rent is processed on the 1st of every month, with arrears management triggered immediately if payment fails.

What's Included

Automated Monthly Collection

Rent collected automatically via pre-authorized debit or e-transfer on the first of each month.

Arrears Management

Immediate follow-up on late payments, including formal N4 notices when required.

Monthly Owner Statements

Detailed statements showing rent received, expenses, and your net payout.

Direct Deposit to Owner

Net rent deposited to your bank account within 5 business days of collection.

Maintenance Float Management

We manage a small maintenance reserve so repairs don't wait for owner approval on minor items.

Year-End Summaries

Annual financial summaries formatted for easy tax filing.

Frequently Asked Questions

What happens if a tenant doesn't pay rent?

We initiate formal arrears procedures immediately, including N4 notices and LTB filing when necessary. We keep landlords informed every step of the way.

Can tenants pay rent through the Skyhouse platform?

Yes. Tenants have a dashboard for online rent payments, reducing friction and improving on-time payment rates.

How does Skyhouse handle rent increases?

We calculate the annual Ontario Rent Increase Guideline and prepare and serve N1 notices on schedule.

Other Skyhouse Services

Property ManagementVerified TenantsProfessional Leasing24/7 MaintenanceOntario RTA Compliance
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