PHILADELPHIA - Many online landlords find that accepting electronic rent payments is the most convenient way to keep tenants happy and increase revenue. It's also a safe and convenient alternative to paper checks. Luckily, there are several tools available to help them get started. These include DoorLoop, TenantCloud, PayClix, and PayPal.
TenantCloud
Using TenantCloud tools to accept online rent payments can be advantageous to landlords in many ways. These services allow renters to set up future payments, including one-time and recurring fees. Additionally, these services may offer additional features such as application screening and maintenance request capabilities.
The free version of TenantCloud can be used for up to 75 units, and paid tiers are available for up to 150 units. The complete feature set of the Pro version costs $40 per month. In contrast, Rentec Direct offers a feature set comparable to TenantCloud's, but its user interface isn't as easy to use.
The services also allow landlords to set up recurring payments. Whether the price is for partial or total rent, the landlord can easily configure the process and avoid the hassle of chasing tenants down to collect payment. Payments made via online rent payment services can also be processed.
Avail
Avail offers several features that landlords need to stay in control of their rent collections. Online rent payment tools can help landlords set recurring payments, disallow partial payments, and track rent history. It also allows landlords to set up strict payment policies, such as requiring tenants to have two methods of payment or be responsible for paying late fees.
Landlords can use the platform to track up to 30 apartments in a single dashboard. The app also allows users to automate messages to tenants and streamline property management workflows. In addition, it offers social sharing tools, templates, and integrated lead management.
DoorLoop
One of the best ways to collect online rent payments is to use the online tools provided by DoorLoop. The company offers tools to help landlords manage both residential and commercial properties. These include tools to manage leases, tenant requests, and more. The company also provides insurance coverage for tenants.
The cloud-based service includes tools to help landlords accept rent online and manage multiple properties. This eliminates the need for various applications and streamlines operations. It's user-friendly, with easy-to-understand instructions. Its only drawback is limited document storage, but its robust functionality makes up for it.
The software works with both credit and debit card payments. It is also compatible with online tenants' portals. Users can track their rental income and add late fees to payments. The service also offers automated payment reminders. The cost of the system is relatively low, starting at $49 per month for up to 20 units.
PayClix
PayClix has a suite of tools for landlords, including flexible online rent payment options, customizable late fee assessments, and credit card support. It also provides tools to block partial payments and reports on costs and saves time by collecting and invoicing rent online. In addition, the service supports all types of property transactions, from single tenants to multiple buildings and properties.
With a host of payment options, PayClix is able to accommodate any payment preference, from eChecks to Visa. It allows tenants to make one-time payments online or schedule recurring withdrawals each month. Tenants can also use the company's tools to pay their rent via phone or e-mail. For a nominal fee, tenants can set up an account and split the cost between themselves or spend the entire fee.
Rentec Direct
Rentec Direct's online payment processing service lets landlords and property managers accept online rent payments and rental application fees from tenants. The service also allows property managers to accept payments from owners and vendors. Rentec Direct supports several payment methods, including credit cards and debit cards. The service also supports ACH payments.
Rentec Direct's tools are easy to use. They have a user-friendly interface, which makes it easy for landlords to manage and accept online rent payments. They also allow landlords to publish vacancies online and share lease agreements online. The software is backed by robust security features, including real-time data backups and multi-factor authentication. It also offers a free two-week trial and customizations based on the number of units and payment types.
Rentec Direct has integrated with zInspector, a service that allows landlords to accept online payments from tenants. Zinspector offers a free plan, while the paid plan costs $20 monthly for unlimited properties. It also has an electronic payment feature that lets tenants send payments online and set up recurring payment schedules. The fees are deposited into the tenant's bank account. If the tenant has more than one bank account, they can link multiple accounts through Rentec Direct. However, there are fees associated with each bank account linked.
