If you aren’t collecting rent online, you should… keep reading!
Think about it. Your tenants already pay most of their bills online. They enjoy the convenience of not having to remember when to make a payment, write a check or miss a payment and incur a late fee. They make car payments, furniture payments, credit card payments, electric payments and more automatically online every month. WHY NOT RENT?
Well many residents do pay their rent online automatically every month. In fact 48% already do. Many apartment complexes make online rent payment a requirement. Now you can too! It is easy and quick to set up. There are no set up fees and processing fees can be a low as $1 per transaction per month.
There are many features including:
- Online rent payment may be made by ACH (e-check), debit or credit card.
- There is even a PayByCash option to replace the inconvenient, insecure and costly money order process. PayByCash is available at over 30,000 MoneyGram locations including Wal-Mart.
- You may collect application fees, security deposits and other fees — all online. As a matter of fact, you can collect any rental related payment through this program including late fees, utilities, landscaping fees and more.
- Funds are available in your account in 1 -2 business days. Debit card transactions capture funds in real time.
- Your cash flow increases as you receive the rent on time. Not to mention less stress and worry on your part.
- You will know if your resident is unable to pay on the due date, which will save you precious time on your notice process.
- Funds not available in the resident’s checking account for ACH – they can pay by credit card. No more excuses!
- Low fees for owner or manager – as low as $1 per month* per transaction (ACH or PayByCash)
- Industry low credit card processing fees when owner paid at 2.95%* per transaction or 1%* for debit card transactions.
- Are your residents tech savvy? They can pay via RentByTexttm message or through an iPhone App.
- Your residents will love it!
- Many believe your residents are more likely to renew their lease!
There is a monthly minimum of $9.95* making this an easy decision for every owner and manager with three or more properties.
This program is made possible through ARPOLA’s relationship with RentPaymentNow!. RentPaymentNow! is the largest electronic payments processor in the multifamily industry and now brings their expertise to the owners and managers of single family and smaller multi-family properties.
Registration for this program is in the ARPOLA Member’s Area.
*Rates and fees subject to change
