Skip to main content

Owner FAQ

Can you loan me money for a repair?

If you need assistance paying for a repair bill, Revolution can probably help.

Generally, we require clients to pay any repair bills within 30 days, and we deduct the cost of the repair from the rent income first. However, if you have a large repair bill that isn't covered by the rent income, and you don't have the cash to pay for it, here is how it is handled:

  • After 30 days, we will send a final reminder email to pay the bill.

  • If the bill remains unpaid, we will debit your checking account on file if your contract allows for it to pay the bill (older contracts do not, all new contracts do, so check your contract for an ACH Authorization Form to be sure).

  • If your contract does not allow for checking account debits, you will be charged a $75 Unpaid Bill Admin Fee to originate the loan, and Revolution will then pay the vendor out of our funds as a loan to you.

  • Your rental income will go towards paying off the repair loan until it is paid in full. Until then, you will be charged 1% interest per month on the unpaid balance.