Collecting rent, writing receipts, updating tenant payment histories, and sending late payment notices are all time-consuming tasks. For property management companies and landlords, online rent payment solutions eliminate the need to manually collect rent payments and manage the related bookkeeping and paperwork. Electronic rent collection solutions provide a convenient, fast, and secure method for managing all these tasks, and more. Online rent payment solutions will save time and can significantly reduce the number of late payments.
With online rent payment solutions, apartment community websites can be customized to accept online payments from tenants and the funds are automatically deposited, thus eliminating the need to prepare checks for deposit and make a trip to the bank. Landlords and managers also have the option to select multiple bank accounts to manage deposits for different properties separately. Additionally, with seamless integration to landlord / property management software, tenant payment histories are immediately updated and available for review and landlords can monitor monthly rent collection activity in real-time.
Landlords can utilize 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. Landlords and property management companies can also list vacancies, accept applications online, and collect application fees and security deposits electronically.
With twenty-four hour access, tenants will appreciate the convenience of online rent payment. The process is secure, easy, and takes only minutes. There are several payment options available – debit cards, credit cards, or e-checks. In addition, tenants can choose to make one-time monthly payments or set up automatic payments using 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 send maintenance requests.
Online rent payment solutions give landlords and property managers the peace of mind knowing rent collection 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 every month. With online rent collection solutions, landlords and property managers are able to spend this time on other important tasks.
Getting started is easy. Simply fill out an application and once the landlord / property manager merchant account is activated, electronic rent collection can begin. For peace of mind, security and privacy are maintained at the highest levels, protecting stored or transmitted information at all times. Online rent collection solutions are affordable and available now.