3 Advantages of Online Rent Collection for Tenants and Landlords
Posted on Friday September 24, 2021 at 09:51AM in General
In today’s digital world, there is no question that choosing to collect rent online is more convenient and beneficial for both tenants and landlords alike.
Why Is Collecting Rent Online Better Than Traditional Methods?
If you’re still on the fence about making the switch to a digital rent collection software, let’s explore the top 3 benefits of using one:
#1: Easy and Stress-Free Transactions
The automation features that come with online rent collection software make it easier than ever to avoid any payment issues from arising. With the help of automatic late fees and payments, landlords consistently get their money on time and no longer have to wait days for checks to clear. Additionally, setting up recurring auto-payments help tenants never miss a payment ever again!
#2: Safer Transactions
Even in the most organized of offices, a physical check runs the risk of getting lost in the shuffle of paperwork or even getting stolen. On the other hand, online software is encrypted to protect tenants’ personal financial information and ensures that payments are received without any privacy breaches.
#3: Customizable Payment Options
The beauty of online rent software is that it allows tenants to customize their payment options to best fit their needs. Not only can they choose to pay with cash, a bank account, or a debit or credit card, but they can also choose to split the rent amongst roommates in any fashion they desire.
With all of these benefits, it is clear that tenant’s and landlord’s lives are significantly easier with online rent collection software in place. Ditch the old school checks and instead collect rent online with the help of Schedule My Rent’s software today!