When Will I Get Paid?

Understanding the journey from your tenant’s rent payment to your bank account — and why a little patience (and a financial cushion) goes a long way.

1st – 5th
Rent Due
5-day grace period before late fees apply
3–5 Business Days
Funds Clear
Payment settles in Byrd's bank account
Rolling Schedule
Bills Processed
Vendor & management fees paid first
15th – 20th
You Get Paid
Direct deposit or check in the mail

Understanding your monthly payment timeline

As a Byrd Property Management owner, you can expect your rental income to follow a predictable — but not instantaneous — path from your tenant’s payment to your bank account. Here’s how it works.

Rent is due on the 1st, and tenants have a 5-day grace period, meaning payments made through the 5th of the month avoid any late fee. Many tenants pay right at the deadline, so we account for that in our process.

Once a tenant submits their payment, it takes 3–5 business days for those funds to fully clear and settle into the Byrd Property Management bank account. Business days only count Monday through Friday — weekends and bank holidays add extra time.

Once funds are in our account, Byrd processes bills on a rolling schedule — typically on the 2nd and 6th, then a couple times per week after that. This rolling approach means we move money to owners as quickly as possible rather than making everyone wait until the end of the month. From those funds, vendor invoices and property management fees are paid first, and the remaining balance is your disbursement.

That owner disbursement is then sent to you via direct deposit (or check, if you’ve requested it), which takes another 3–5 business days to land in your account.

All in: most owners see funds between the 15th and 20th of the month. However, this is not a guarantee — if your tenant pays close to the 5th, or if there are weekends or holidays stacked in the processing window, it can push into the 20s.

Our strong recommendation: keep 2–3 months of property expenses in reserve. If you have a mortgage, HOA dues, or other recurring obligations tied to your rental property, please don’t count on your disbursement arriving by a specific date. The banking system doesn’t move in real time, and building a cushion protects you from any month where the timing runs a few days longer than usual.