Collecting rent payments online
Collecting rent, writing receipts, updating tenant payment histories, and submitting late payment notices are time-consuming tasks. For property management companies and landlords, online rent payment solutions eliminate the need to manually collect rent payments and manage related accounting and paperwork. Electronic rent collection solutions provide a convenient, fast, and secure method of managing all of these tasks and more. Online rent payment solutions will save time and can significantly reduce the number of late payments.
With online rental payment solutions, apartment community websites can be customized to accept online payments from tenants and funds are automatically deposited, thus eliminating the need to prepare checks for deposit and take a trip. to the bank. Owners and managers also have the option to select multiple bank accounts to manage deposits for different properties separately. Plus, with seamless integration with property / landlord management software, tenant payment histories are instantly updated and available for review, and landlords can monitor monthly rent collection activity in real time.
Landlords can use features that include tenant information updates, property information updates, and tenant email notifications. Options include email notification of rent payment and late fee schedules, late payment notifications, policy updates, and the latest property and association updates. Homeowners and property management companies can also list vacancies, accept applications online, and collect application fees and security deposits electronically.
With round-the-clock access, tenants will appreciate the convenience of paying rent online. The process is safe, easy, and only takes a few minutes. There are several payment options available: debit cards, credit cards, or electronic checks. Additionally, tenants can choose to make one-time monthly payments or set up automatic payments with credit and debit cards. Tenants receive all transaction receipts via email, as well as other property management notifications. Tenants can also update their name and phone number information, view their payment history, and submit maintenance requests.
Online rent payment solutions give property owners and managers the peace of mind of knowing that collecting rent is efficient, easy, and secure. Manual rent collection systems are time-consuming and, depending on the number of properties involved, can take two to three days per month. With online rent collection solutions, property owners and managers can spend this time on other important tasks.
Getting started is easy. Simply fill out an application and once the property owner / manager merchant account is activated, electronic rent collection can begin. For your peace of mind, security and privacy are kept at the highest levels, protecting stored or transmitted information at all times. Online rent collection solutions are affordable and available now.