Residents must pay their rent by the 5th of each month to avoid late fees but depending on how weekends or holidays fall on the calendar, they may have until the 7th or 8th to pay. We wait 3 business days after the due date to allow funds to settle in our bank account. Then we’ll send out a rent distribution to clients. Generally, you’ll receive a deposit in your bank account the day after we send out the distribution. This is normally between the 9th and 12th of the month, but there have been situations where the distribution is later due to how the calendar falls.