online rent payments: Riding the Digital Wave: Surf’s Up for Online Rental Payment
- 05/12/21 10:14 PM
In the sea of options for rental payment methods, it seems that the ease and convenience of online payment has traditionally been reserved for the biggest fish. Large apartment complexes and real estate conglomerates have long enjoyed the luxury status of being the only ones to offer a digital option. But that distinction is quickly fading. With improvements in technology and more and more companies vying for the attention of property managers, it’s become easier and more affordable than ever for small to mid-size landlords to set up a payment option online. The digital wave isn’t coming, it’s here. Read on to get … (0 comments)
online rent payments: Why It’s Time to Start Accepting Rental Payments Via Credit Card
- 04/04/21 09:40 PM
Credit cards are a powerful tool for consumers, made only more powerful by their convenience and popularity. Failing to accept credit cards as a valid method of payment for rental fees is to really miss out on a great opportunity to delight and accommodate your tenants. But there are so many more reasons to justify adding credit cards to your repertoire. Read on to learn why charging it is the way to go.
Convenience is king. Manual is out. According to a recent study by Entrata, a leading online payment provider, 79% of renters prefer to pay rent online. And “why?” you might ask. Because … (1 comments)
online rent payments: Collecting Rent Through Your Bank: Is It for You?
- 01/28/21 10:24 PM
Picture this. It’s the first of the month. You wake up refreshed (no sleep lost here), have yourself a cup of coffee, crack open your laptop for the first time of the day, and head on over to your management site only to find that all rent payments due to you for this month have already been made and are en route to your account. Sounds like a dream, right? But for many landlords today, this is a reality. Online rental payment has made it easier than ever to collect funds from tenants. Gone are the days of chasing down paper checks … (0 comments)
online rent payments: Autopay For Rent Collection: Legal Pitfalls and How to Avoid Them
- 01/07/21 09:12 AM
Incorporating autopay into your property management process can have many benefits. It can streamline payment, minimize transaction costs, and even greatly reduce the precious time and money spent chasing after rent past due. Visit our article on the basics of autopay for rent collection to learn more about its competitive edge in the marketplace. And while all these advantages are wonderful, there is a potential downside. There are significant risks that come with introducing autopay to your tenants. In this article we will outline possible pitfalls one might encounter and how to best avoid them. Acceptable Payment Methods In certain states, there are laws in place for the … (0 comments)
online rent payments: Autopay for Rent Collection: The Basics
- 01/07/21 08:39 AM
Whether you are a complete rookie in the property management game or a seasoned vet looking to update and bring your business into the 21st century, it is important to learn the ins and outs of autopay. Even if you don’t decide to utilize it in your business right away, it’s helpful to understand what tools are out there and what options you have as a business-owner. Your location, management style, and tenant demographics are all factors that will play a role in deciding if autopay is right for you. What is Autopay? Autopay is a feature that is becoming increasingly available to … (2 comments)
online rent payments: Online Rental Payment Myths: Busted
- 01/07/21 08:19 AM
Over the past decade, much of our economy has gone digital. We do our banking, shop for clothing, and even buy our toilet paper on sites designed for the online consumer. In 2018 alone, an estimated 1.8 billion people around the world purchased goods online, and that’s to the tune of roughly $2.8 trillion in sales. According to the experts, this figure is likely to grow to over $4.8 trillion by the year 2021. The real estate market is no exception to this shift. When it comes to landlords and tenants, what was once a person-to-person arrangement, can now be a truly … (2 comments)
online rent payments: 5 Reasons You Should Be Accepting Rent With Credit Cards
- 04/07/20 09:16 PM
eCommerce is an exploding industry. Merchants and consumers love the convenience of online shopping, and that convenience shouldn’t stop at retail. Here’s five reasons you, a landlord, should think about offering online credit card payments too. 1. Convenience for your tenants A rental payment is a monthly deduction from your tenant’s bank account. It’s impossible to make it pleasant, so it’s important to make it as convenient as possible. And checks are not convenient. The number of Google searches of “how to write a check” has increased by more than 5x over the last 10 years. And what’s more, most banks charge anywhere from $10-20 for … (8 comments)
In the sea of options for rental payment methods, it seems that the ease and convenience of online payment has traditionally been reserved for the biggest fish. Large apartment complexes and real estate conglomerates have long enjoyed the luxury status of being the only ones to offer a digital option. But that distinction is quickly fading.
;)
;)
;)
