Rent Payment & Collection Policy
Collecting rent is easy if you have the perfect tenant who pays on time! But what if they don’t? Having someone in your corner who knows tenant law and the proper notices to send is critical!
If a tenant has gone beyond the grace period of the lease, we provide them with a late rent notice and collect the appropriate late fees along with the normal rent amount. In the worst case, if a tenant stops paying rent, we will assist in the eviction process and re-renting the property quickly.
We make paying rent easy for tenants with the online tenant portal that can be accessed 24/7. We encourage tenants to pay online, which means we can pay you out faster.
Rent Due Dates and Late Fee Policy:
Rent is due on the 1st day of each month and is considered late after the 5th. A $75 late fee is posted after the 5th of every month.
Payment Methods:
- Online Payments: Tenants can pay rent online via the resident portal using direct deposit or credit card (a fee applies).
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Checks: Accepted and should be made payable to Stonelink Property Management and mailed to:
Stonelink Property Management
15 Circle St
Rumford, RI 02916
- Cash Payments: For tenants preferring to pay in cash, Stonelink offers a secure option through PayNearMe. Tenants can pay rent in cash at participating locations using a unique barcode provided by Stonelink. A processing fee of $3.99 applies, and payments post instantly to the tenant's account.