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Updated almost 3 years ago on . Most recent reply
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Best way to receive Rent Payments online
My ideal rental payment management software would include:
- Receiving rent payments from tenant (Autopay or not autopay from checking account or credit card)
- Able to add fees as needed (Pest control, minor damages, late fees ect...)
- Reminders/Notifications of late payments for landlord and tenant
- Automatic deposit into bank account (Preferably with ability to split between 2 accounts)
- End of lease notifications for landlord and tenant
- Automatic notifications for landlord and tenant for specific maintenance items (Change hvac filter, reseal granite countertops, ect...)
Do any exist that do all of these things? I only have one rental at this time, but I working on getting more.
Most Popular Reply
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Pretty much all Property Management software suites do all of this. Buildium, Appfolio, and Propertyware are the big three, and there are dozens of smaller competitors.
Admittedly, one of the "big three" might be overkill for one rental. But if you intend to scale up to dozens (or hundreds) of units in the future, there is a lot to be said for starting off with the right software. That's much easier than making a switch mid stream when you have a lot of units.
- Jeff Copeland