Landlords or property managers can enforce full or partial rent payments, collect late fees, and track payments. Through the Tenant Portal, accessible on the web or through the mobile app, renters can pay rent with an echeck or via credit card. Online rent payments are one of the many features offered to property managers and landlords using Rentec Direct’s property management software for their rental business. One of the most attractive features within a complete property management software program includes the ability to collect rent online from your tenants. Property management software gives landlords and property managers helpful tools for organizing and managing their rental properties. Full-Service Property Management Software with Online Rent Payment Features Let’s take a look at these different types of rent collection methods. Alternatively, you could use a money transfer software program, like PayPal or Venmo, to collect rent from your tenants. Or, you might choose to use a software program whose sole feature is collecting rent payments. You will want to consider if you need a full-service property management software solution that includes an option to collect rent online among many other features. There are several programs available to landlords and property managers looking for the best way to accept rental payments online. Automatic rent payments have been proven to save renters money by helping them avoid late fees. When you collect rent online, you give your renters the option to set up automatic rent payments through their bank account or with a credit card. Allow you to accept full or partial rent payments.Send reminders to tenants about upcoming payments and due dates.Give your renters the option to make an ACH payment or use a credit card.Automatically calculate and charge late fees.Options for tenants to make a one-time rent payment or set up automatic payments.A mobile app for renters to easily make payments directly from their phone.The best online rent payment systems will include the following features: Features of an Online Rent Payment Service If you are considering additional methods for collecting rent from your tenants, you will find some of the best online rent payment systems below. By collecting rent online, you provide a convenient solution to renters wanting to avoid writing a check, increase the likelihood of on-time rent payments, limit the number of late fees charged to tenants, and simplify your rent collection duties each month. There are multiple benefits to providing your renters with the ability to make a rent payment online. One of the best practices a landlord or property manager can adopt for their rental business involves collecting rent online. Advances in online solutions have greatly benefited landlords and property managers looking to enhance their rental management business to provide better services to their tenants, clients, and vendors.
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