More than ever, people are turning to the convenience of online shopping, banking, and bill payment. Now your tenants can add their rent payment to the list. And it’s not just tenants who reap the benefits of online rent payments. No longer will landlords and property managers spend time manually entering data or managing overdue rent payments.
Collecting rent payments, providing receipts, manually entering payment information, updating tenant files, preparing checks for deposit, and the trip to the bank takes, on average, two days each month. As property owners and managers, your time could be put to better use. With online rent payment collection, all of these tasks are handled automatically and the number of late payments can be significantly reduced. It’s easy to get started. With online rent collection solutions and personalized options:
- Payments are deposited automatically.
- Tenants receive receipts by email.
- Tenant payment information is immediately updated and available for review.
- Property owners and managers can monitor rent collection through real-time status reports.
- Landlords and property managers can set up email notifications for tenants about payment updates, upcoming policy changes, rental schedules and late fees, and late payment status notifications.
- Vacancy listings and property information are readily available.
- Application fees and security deposits may be collected electronically.
Increasingly, people prefer to shop, bank and pay bills online. It’s a quick, easy, and time-saving method of managing your finances. Your tenants will appreciate the added convenience of paying online. The process is easy, secure and private. Followers can:
- Eliminate monthly check writing.
- Pay by debit card, credit card or electronic check.
- Make one-time monthly payments or set up automatic payments.
- Review your payment history.
- Receive email receipts and other notifications from your landlord or property management company.
- Update personal information, such as name changes and phone number changes.
- Send maintenance requests by email.
Getting started is easy. With seamless information integration with your landlord/property management software, you have instant access to tenant information and payment history. With the answers to a few simple questions, your website can be customized for online rental payment collection. Your merchant account allows you to accept electronic payments and deposit funds directly into the bank account of your choice. For property owners and managers with separate accounts for each property, you have the option to select multiple accounts for the deposit. Security and privacy are of the highest priority and strict measures are in place to provide peace of mind that all information stored or transmitted is protected at all times. Online rent payment solutions are affordable and available now.