How to Pay Rent 

RENT: DUE THE FIRST, LATE MIDNIGHT AFTER THE FIFTH

Rent is always due on the first and late after the fifth at midnight. For your convenience, we have a drop box outside our office for when the office is closed. If the fifth of the month falls on a weekend or holiday, rent is still due by midnight on the fifth day of the month. Rent can be mailed to our PO Box. Please be sure to have it postmarked on or before the fifth of the month. The day you put your envelope in a mail drop slot may not necessarily be the day it is postmarked. If you are mailing after the first, we recommend taking it to the Post Office and having them hand-stamp it in front of you.

Rent can be paid with a personal check, money order or cashier’s check made out to PPM. In the memo/for section of the payment write your address. Rent may be paid separately, but we discourage this method because it tends to accumulate late fees. Paying separately is a privilege that can be taken away.

Late Rent:

There will be a $50.00 late fee for any late rent payments submitted to our office. The late fee must be paid as soon as possible. Please note if one of your roommates has paid late, all tenants have paid late.

Going to pay your rent separately? Read this first!

Paying your rent separately is often convenient for parents and tenants, but it can turn into a nightmare very quickly.  It is a privilege that can be lost.

If one roommate pays late, you have all paid late.  If one roommate has an NSF check, you have all had an NSF check. 

If you choose to pay your rent separately, you will leave your tenancy with at least one late payment, most will have three or four.  Some of you may not find out that your roommates have paid late until you are getting a rental reference for your next apartment.   Most management companies will overlook one late payment, but you will have a difficult time finding a new apartment if you have had three or four. 

If your parents plan to send your rent check directly to our office, it is your responsibility to verify that it arrived on time.  Parents make mistakes and they make them often.  Late fees are not waived because your parents forget to pay the rent or neglected to get it in the mail on time. 

Beware of the parent who tells you “Don’t worry about it, I will take care of it for you!”  This is often disastrous. 

The only successful groups are those that have the most responsible person collect all the rent checks.  They then write a single check or put all the checks in an envelope and turn it into the office.