How many times have your tenants told you that "the check is in the mail?" With the busy lifestyle that so many people lead today, tenants will often send their rent checks late. You might have a rent collection drop box onsite, but checking the box every day becomes a hassle. Not to mention, when checks come in piecemeal during the month, you have to make multiple treks to the bank to deposit them.
You're not the first property manager to notice that collecting rent can be time consuming. The good news is that by giving your tenants online payment options, you can stop playing the rent payment waiting game. Instead, consider setting up an online payment portal and collecting mobile payments - which make rent payments quick and easy for tenants and landlords alike.
Online Payment Portal
Online payments help ensure you receive rent in a timely manner, and it's eco-friendly too! Tenants can pay using their debit or credit cards, eliminating many of your paper check payments. Plus, depending on how they pay, you might gain quicker access to your funds. Collecting online payments is easy using these simple options:
Mobile payment popularity is expected to skyrocket over the next decade or so, making this a timely service that you should be offering. Using mobile payments technology from your smartphone or tablet allows you to accept credit or debit card payments from any location. You can collect mobile payments in two primary ways:
By setting up an online payment portal and accepting mobile rent payments, you can collect a lot more rent money while doing a lot less footwork. You also provide multiple payment options for your tenants, which makes renting from you an attractive option.
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