When Michelle
bought her first rental property 2 years ago, she was aware of some of the
challenges property owners face. She learned some of the ins and outs quickly,
like who to call for the best repairs at the best prices. She improved her
property and eventually bought another. But one landlord task was particularly
stressful for her – collecting rent.
“Collecting
rent became a pain,” Michelle commented. She felt as though she was hassling
tenants for rent payments. She wanted an easier way.
Often, Michelle’s
tenants would tell her they had sent a check via mail, but Michelle didn’t
receive the payment. It seemed like it was the tenant’s word against hers, with
neither party winning. “Is the tenant telling the truth about sending in a
payment, did the post office lose the envelope, or are they stalling for time?”
Michelle wondered. It’s challenging to determine if a check is truly lost, or
if the post office delivery really does take longer than she thought.
In some cases,
Michelle felt like she would not receive a rent payment unless she went to her
tenant’s apartment to meet them and collect payment. This wasted Michelle’s
time, with her already full schedule. Isn’t there a better way?
While
researching her options, Michelle discovered Schedule My Rent. She was excited
to find the online landlord
software
easy to use, and at a price she was happy with. Schedule My Rent’s tenant portal allowed her
tenants to quickly see what is due and easily pay rent online. She realized
this is what she was looking for: online rent payments, made easy.
Michelle now
recommends Schedule My Rent’s landlord software to her friends who own property.
She loves how easy it is to collect rent electronically, and so do her tenants
- a win-win. It’s your turn to discover what Michelle has discovered, the perks
of collecting rent online.
As we hear
feedback from our landlords, they share what they love about electronic rent
payment. The things that float to the top of their list include those shown
below.
Top
10 reasons to collect rent online
1.
It’s a time saver.
Why drive to the post office to collect checks, then stop at the bank to
deposit them? Or even less appealing – drive to your tenant and collect the
rent directly.Both options take too much of your valuable time. Online rent
collection is so simple, and helps devote more time to growing your property
investments.
2.
Stress no more.
Just like Michelle above, you can forget about the stress involved in
collecting rent. Rent payments show up in your bank account on time, with no
work on your end. No more wondering if checks will arrive and following up on
late payments. It’s easy and stress-free.
3.
Happy tenants = Happy Landlords. Our tenants love the ease in signing up for electronic
payments, and knowing their rent arrives each month with no effort. They enjoy
renting from a landlord who makes things easy. We’ve discovered that most landlords
are expected to offer electronic payments as a service to their tenants. Schedule
My Rent provides a simple way to offer this service.
4.
Security.
With electronic payments, your personal information isn’t changing hands as it
is with paper checks. Your tenant’s address, name, and account number are
confidential, and our bank-level encryption keeps your personal data safe.
5.
Quick payments.
With electronic payments, money moves quickly, from the tenant’s account to the
landlord’s account – this makes it easy for both parties to know the status of
their accounts. No delay waiting for someone to cash your check, or waiting to
receive payment. With Schedule My Rent, we always move money fast and don’t
charge for a quicker processing time, like some of our competitors.
6.
Not just for rent.
With Schedule My Rent, we make it easy for landlords to collect payments beyond
rent, such as late fees, one time utility payments,
etc.
7.
Who’s paid?
Visibility and a record of who’s paid is critical to managing your business.
Schedule My Rent has the best property dashboard in the business. It’s easy to
see payment detail across all your properties, whether it’s 1 or 100. You have
complete visibility at the click of a button.
8. Record keeping. Though
not exciting, it’s nice to have an electronic record of who has paid, the date
they paid, and the amount. No manual entry into a spreadsheet. It’s all online
with Schedule My Rent.
9.
Issue resolution.
With electronic payments, both tenant and landlord have the same transaction
history – there’s no dispute over payment details. We make sure to let you know
if a payment fails, and ensure the tenant can try again.
10. Payment flexibility. With Schedule My Rent, we’re able to split payments between
roommates.
Take
advantage of all the benefits of paying online. It’s so easy, you’ll wonder why
you didn’t consider it before. Try www.ScheduleMyRent.com today.
