Outsourcing Trust Accounting and Rent Arrears
At NPS we work with you on your trust account, which you own own and control. Only you have payment authority. We perform daily statement downloads, reconciliation and create ABA and BPay files for your approval.
Through your property management software, we monitor rent payments on a daily basis and contact the tenant via SMS, email and telephone until payment is received in full. You will be able to monitor arrears using your property management software and in the rare case arrears exceed 14 days the responsibility is handed to the Property Manager to resolve.
All invoices are entered by NPS for payment and our Trust Accounts Controllers evaluate each invoice prior to you authorising the payment as a part of your regular payment run.
Once you have authorised the payment files in your trust accounts banking system, payments are made directly to owners, creditors, yourself and NPS.
Invoices are automatically attached to all statements for your owners eliminating many hours of sorting and mailing hard copy statements.