Online Rent Collection Services: Convenience Redefined

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Online Rent Collection Services Convenience
Redefined

• VerticalRent

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• In todays fast-moving world, time has become of
  the essence. If one is a landlord, one has to
  give a heads up to the tenants for rent
  collection. It could be a task to visit ones
  tenants every month and collect the rent check.
  In addition to that one has to pay a visit to the
  bank to deposit check and then wait for it to get
  cashed.

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• Why not simplify the rent collection? Of late,
  the online rent collection services are gaining
  stream as they offer a hassle-free and easy mode
  of rent collection and rent deposit both for
  landlords and tenants. A reliable online rent
  payment service offers landlords an easy way to
  collect rent that saves time in the collection
  gets one access to ones money faster. Therefore,
  instead of waiting for those checks to come in
  the mail or going and collecting the rent, one is
  advised to use the latest online rent payment
  tools. These rent payment sites connect one with
  ones tenants and typically allow payments to be
  transferred directly to ones bank account.

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• As an alternative to giving ones tenants access
  to ones private banking information, these sites
  act as a third party between the landlord and the
  tenant. While these sites do charge a nominal fee
  for their service, many of them give one an
  option of deciding who would pay the charges
  landlord or the tenant or both. Be reminded,
  before collecting the rent, that the landlord
  should know how to rent a house and will want to
  be sure to do a thorough job of tenant screening
  background check.

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• Advantages to using an online rent payment tool
• These online rent payment services allow the
  landlord to set up each individual tenant, enter
  their monthly rent and due date, and add a
  separate late fee if rent is paid after
  stipulated date.
• Tenants have an option of logging in to make a
  payment every month, or to set up recurring
  payments so rent is never late.
• Automatic reminder emails are sent 5 days before
  the rent is due, and again on the date, it is
  due. Tenants payments are deposited within 3
  business days.
• Depending on the platform, tenants can pay by
  E-check, Debit card, Credit card, PayPal, SMS
  Payment, etc.

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• Collecting rent through an online service gives
  the landlord digital documentation so one can
  skip the paperwork.
• Online rent payment is one of the most secure
  options for both landlord and tenant. For the
  tenants, it eliminates the concern over lost or
  stolen checks. In a recent Identity fraud
  consumer report, researchers encourage consumers
  to use online bill pay whenever possible.
• Some online platforms even furnish a tenants
  rent payment history to one or more of the three
  credit bureaus, which helps the tenants
  establish a credit history.
• These online rent payment portals are not just
  money transfer, its automated rent collection
  with landlord-specific features like receipts,
  reminder emails, payment tracking, and autopay
  that tenants would definitely appreciate.

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• VERTICALRENT
• WEBSITE https//www.verticalrent.com/