Receive, Process and Deposit Rent Payments Automatically!
One of the major challenges of being a landlord is collecting rent payment and getting paid on time. Of course, there are instances that you have to understand a tenant’s current circumstances and allow late payments. However, it is a whole new different story if you cannot collect rent because of a lame rent collection system.
Have you ever experienced having to be paid on the weekends? That maybe because your tenants go to work early in the morning and the only time you can see them is during the weekend. Wishing for a better way to collect rent?
With the tenant ACH and CC payments with EasyPay, you can!
Collecting rent has just gotten a whole lot easier. Forget the usual trouble of receiving, processing and depositing checks. No more tenant late payments either! With Rentec Easypay’s automated ACH (electronic draft) processing these three processes become completely automated.
You know that utility companies use an automated process to let their customers automatically pay their bills. Most banks also allow their depositors to auto-pay their loans and credit card payments. Now you can make use of the exact same system used throughout the US by banks and utilities with the new Rentec EasyPay.
How it Works:
Step 1: your tenants should provide authorization to debit their checking or savings account
Step 2: they will then have to specify either it is a recurring cycle or a single one-at-a-time payment via an easy to use online management interface
Step 3: the system then takes care of the rest. The funds are automatically debited from the tenant’s checking or savings account and deposit it into your account.
It is as simple as that! You as the landlord can quickly update or cancel any upcoming ACH transaction. Also, the tenant can login via their own portal to adjust or cancel the automatic payments. You as the landlord will then be provided of a full reporting and automated email notifications to inform you which transactions were processed and which, if any, may have failed.
Self managed associations can also use the same system to collect assessments using the exact same steps above for the property owners instead of tenants.
Rentec Direct provides EasyPay for 3/10ths of a percent of the transaction (30cents per $100) with a minimum of $2.00 with no additional monthly fees. They can also set up both private landlords and professional property managers with a merchant account to get even faster processing and even lower rates. The transaction cost can be paid by you or your tenant.
The company also now offers credit card payments for landlords through an online payment portal at ultra low rates. Private landlords and professional property managers are approved with a simple application process.
This feature is available through all Rentec Direct’s rental software.
Contact them for more details or to setup your credit card processing account today. Just dial 800 881 5139 or log on to http://www.rentecdirect.com/details/tenant_ach_payments.php
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