If you normally collect rent with cash or checks then collecting rent online can be a quick way to help save you time and energy as a property manager. Property managers who have set up online rent software to collect rent online have already secured the benefits. If you are thinking about landlord software, here are some pros and cons to keep in mind if you decide to finally collect rent online.
Pros:
Another major perk of collecting rent online is being able to split rent payments with 2 or more roommates. This is convenient for the landlord but also for tenants as each renter can pay their fair share. Enforcing Collect Rent Online As the property manager it’s your responsibility to spell out the rules on collecting rent. Schedule My Rent advises its landlords and property managers to enforce the collection policy in the lease agreement. Doing this, sets the expectation up-front and minimizes any miss-communications. Get Paid On-time Taking advantage of online landlord software also minimizes the amount of late payments and missed payments. Our reports show that property managers that collect rent online also have improved relationships with their tenants. Conclusion: It’s an Overall Benefit Adopting landlord software makes collecting rent online easier for both landlords and tenants. The benefits outweigh the cons when referring to collecting rent online. Accepting cash and checks are options for business exchanges in the past. Schedule My Rent is happy to provide a free demo including support and training to help property managers collect rent online. If online rent collection is something you’re excited about call Schedule My Rent today! Original Source: http://schedulemyrent.blogspot.com/2018/02/the-pros-cons-of-collecting-rent-online.html
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AuthorSchedule My Rent makes it easy for landlords to collect rent online. The service Archives
May 2018
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