Revenue
Trust-protected funds, automated tracking, and same-day disbursement.
In Ontario, landlords cannot charge late fees. When a tenant falls behind, the only option is an N4 notice, an LTB application, and months of waiting. The average landlord loses over $15,000 per non-paying tenant, and the process takes 6 to 12 months to resolve. Professional rent collection exists to prevent arrears from reaching that point.
Average Loss Per Non-Paying Tenant
of Landlords Experience Late or Missed Rent
To Resolve Non-Payment Through the LTB
Most landlords collect rent manually, follow up inconsistently, and absorb the consequences when payments are late. Condo1 uses an automated rent collection system that tracks every payment, flags arrears immediately, and routes funds through a trust account so owner money is always protected and accounted for.
Rent payments flow through a dedicated trust account that is legally separate from our operating funds. Owner money is ringfenced, reconciled daily, and protected under Canadian law even in the unlikely event something happens to the management company.
Every payment is automatically matched to the correct tenant and property in seconds. There is no manual reconciliation, no lost cheques, and no guessing whether a tenant has paid. Late payments are flagged the moment they are overdue.
When rent is late, the system sends reminders automatically. If the tenant does not respond, we escalate with formal notices and generate Ontario LTB forms directly from account data. The process is the same every time, for every tenant.
Once rent is received and reconciled, funds are disbursed to owners the same day. Owners receive bank-verified proof of payment for every transaction, and our team provides on-demand support for payment tracking and metric breakdowns whenever needed.
Occupancy
Collecting rent is only one part of the process. Our rent collection system covers the full cycle from the moment a tenant's payment is due to the moment funds reach the owner's account, with automated tracking, follow-up, and documentation at every stage.
Manual rent collection creates inconsistency from day one. We set up each tenant with their payment method and schedule so the process is structured before the first payment is due.
Waiting for cheques or tracking e-transfers manually leads to missed payments and accounting errors. Every payment is collected and automatically matched to the correct tenant and property in seconds.
Letting late payments slide creates a pattern that is hard to correct. Our system flags overdue rent immediately and sends automated reminders. Most tenants respond within 48 hours.
Filing an N4 with the wrong amount or wrong date gets the notice dismissed. When escalation is necessary, we generate Ontario LTB forms automatically from account data so notices are accurate and legally valid.
Without proper fund segregation, owner money is exposed. All rent payments are held in a dedicated trust account, reconciled daily, and tracked separately for each property and owner.
Owners should not have to wait or wonder when they will be paid. Once rent is reconciled, funds are disbursed the same day with bank-verified statements. Our team provides on-demand support for payment breakdowns and tracking updates.
With professional rent collection in place, you receive your rental income through a trust-protected account with complete transparency. Every payment is tracked, every tenant is held to the same schedule, and every dollar is accounted for with a permanent audit trail. You never send a reminder, make a follow-up call, or wonder whether rent has been paid.
If you have ever had an awkward conversation about late rent, or spent hours tracking down a payment that should have arrived days ago, professional rent collection removes that burden entirely. Condo1 is built for owners who want every payment tracked, every arrears handled, and every disbursement documented. Rent collection is included in every management contract.
On-Time Rent Collection Rate
Owner Disbursement
Units Professionally Managed
Condo1 has made managing my rental completely hands-off. Communication is clear, reporting is transparent, and tenants are handled professionally.
Property Owner, Toronto
From tenant screening to maintenance, Condo1 has been incredibly organized and responsive. I finally feel confident my property is in good hands.
Condo Owner, Mississauga
Living outside the country, I needed a team I could trust. Condo1 handles everything and keeps me informed without constant follow-ups.
International Property Owner
Their systems and processes save time and reduce issues. Condo1 keeps everything documented and easy to track, which matters as a long-term investor.
Real Estate Investor
Professional rent collection is included in every Condo1 management contract. Book a free consultation to see how the system works and what it covers.
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