How payouts work.

3 minute read.
an excited property manager who is earning money from the program

When do PMs
get paid?

You can connect your bank account and transfer money at any time.

Your "Future Revenue" increases when utility companies pay their commission to Utility Profit. Check your Future Revenue in the "Summary" section.

How it works:

1. Renters buy services like the internet (generates rev) then your "Future Revenue" goes up.
2. Internet provider pays out 30-60 days after service begins. Your "Future Revenue" can now be transferred!
3. Connect your bank on Utility Profit.
4. Transfer the money to your bank! Future payouts are available with a click, no need to re-enter bank info.

FAQs

Do I need to give my bank info to start earning?

No. Your Utility Profit "Future Revenue" will start accruing without needing a bank connected.

You can connect a bank at any time, even before you have any "Future Revenue" in Utility Profit. Go to your "Account Settings" and click "Payouts." Follow the simple instructions to securely connect your bank.

You only need to connect your bank one time, so all future transfers are just a click away!

What do "Future Revenue" and "Collected Revenue" amounts mean?

Your "Future Revenue" in Utility Profit is the amount of money we expect internet companies to pay out based on your tenant internet purchases. The transfer amount in it is ready to be transferred to your bank because the internet company has officially paid out.

Your "Collected Revenue" is the total amount of money transferred to your bank, all-time. Happy earning!

Does it cost anything to transfer money?

No, it's free!

Do I need to connect my bank every time?

No, you only need to connect your bank one time. Then in the future, it's just a click to transfer money!

How will the transfer appear in my bank ledger?

It will contain UTILITY PROFIT, so you can easily recognize it.

How long does the transfer take to get to my bank?

It depends on each bank, but generally 5-7 business days from the time you start the transfer.

Ensure utilities are set up on time.
Make easy revenue.
email us so we can answer your utility set up questions
contact@utilityprofit.com
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