So, you’re in the market for the best rent payment app, eh? Well, we’re here to help!
When it comes to paying and collecting rent you want to create as seamless of a process as possible for your business so that you can effectively manage your rental payments. Your tenants, too, will want an easy and efficient way to pay rent that doesn’t cause them any fuss.
Below, we’ve compiled a short list of features that will help you determine the best rent payment app for you and your tenants.
Web and Mobile Payments
Everything’s online or in an app now—your rent collection system will be no different. However, you want to be sure to accommodate whether or not your tenants will prefer an online or mobile rent payment app. In this case, property management software like RentRedi is great for your rentals.
Not only do your tenants have the option of choosing a web or mobile app to submit their payments, but they also have plenty of options on what type of payment they submit. For example, RentRedi offers tenants the ability to pay with ACH, card, or even cash!
There’s nothing like not having to worry if rent’s on time or not. The best rent payment app will have the ability for your tenants to automatically submit their rent payments
In RentRedi’s tenant mobile app, for example, tenants can set up auto-payments so they never have to worry about whether their rent is on-time or not. Once you create charges for the duration of the tenant’s lease, tenants simply set up auto-pay and the app collects the rent and submits it to you!
Speaking of on-time rent payments, another great feature some rent payments app will have is the ability for tenants to build their credit by submitting their on-time payments to credit bureaus like TransUnion and Experian.
Not only is this a desirable feature for tenants, but it’s awesome for landlords as well. Offering credit reporting is a great way to stand out from the competition when putting your rental on the market. It also incentivizes and rewards tenants for paying their rent on time.
RentRedi’s software is an easy way to provide tenants with the capability to report their on-time rent payments to TransUnion and Experian to boost their credit score. Some tenants even see improvements after a month!
Best Rent Payment App
Those are three key features to watch out for when shopping for the best rent payment app: web & mobile apps, auto-pay, and credit reporting. All these features offer both landlords and tenants benefits, including the ability to pay rent from anywhere, automatically pay rent, and even get rewarded for paying their rent on time!
Interested in learning more about RentRedi’s property management app? Get started below and transform the way you manage your rentals!