It is time consuming to collect rents, write receipts, update tenants’ payment history and send late payment notifications. For property management companies and landlords, online payment solutions eliminate the need to manually collect rent payments and manage the associated bookkeeping and paperwork. Electronic rental collection solutions provide a convenient, fast and secure method for managing all of these tasks and more. Online payment solutions save time and can significantly reduce the number of late payments.
With online rental payment solutions, apartment community websites can be customized to accept tenant online payments and funds are automatically deposited, eliminating the need to prepare for deposit checks and make a trip to the bank. Landlords and managers also have the option of selecting multiple bank accounts to manage deposits for different properties separately. In addition, with seamless integration to landlord / property management software, tenant payment histories are updated immediately and are 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 rent payment email and late payment timeframe, delayed 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 24 hour access, renters will appreciate the convenience of online rentals. The process is safe, easy and only takes minutes. There are several payment options available – debit cards, credit cards or e-checks. In addition, tenants can choose to make one-off monthly payments or make automatic payments using credit and debit cards. Tenants receive all transaction receipts via email as well as other property management notices. Tenants can also update their name and phone number information, view their payment history, and submit maintenance requests.
Online payment solutions give landlords and property managers the reassurance of knowing that rent collection is efficient, easy and secure. Manual collection systems for rent are time-consuming and, depending on the number of properties involved, can take two to three days each month. With online collection solutions for rent, landlords and property managers can spend this time on other important tasks.
It’s easy to get started. Simply fill out an application and when the landlord / property manager purchase account is activated, electronic rental collection can begin. For peace of mind, security and privacy are maintained at the highest levels and protect stored or transmitted information at all times. Online rental collection solutions are affordable and available now.