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How do you pay income from rent?

Rent comes in monthly from each property, and we share that proportionately between UOWNers who have shares in that property. Rent is rounded down to the nearest whole penny. We pay rent, net (minus any fees) and one month in arrears. This means any money made from rent collected in January is paid in February and so on. Why? Because it helps us run things more smoothly. It also gives our property management partners a little flexibility if tenants pay their rent late (after all, they’re only human too).

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