Property Management Software w/ Discounts for Autopay

[Jonathan O.]

Hey all,

First post! Is anyone aware of any of a property management tool that allows PMs to give discounts to tenants who enroll in autopay (similar to how major US phone providers like do these days)?

I've got the idea to more positively incentivize my tenants to pay rent by the idea expressed in the following example:

- If they pay any later than five days late, they pay base rent ($1,000) + fixed late fee (e.g., $150)
- If pay on time without autopay, they pay base rent ($1,000) + "manual payment fee" (e.g., $25 or $50)
- If they use autopay for timely payments, they pay just the base rent ($1,000)

In the above example, you see that a discount of $25-50 was applied in the case that the tenant chooses to setup autopay to schedule on-time payments via a given PM software.

Please let me know if any software comes to mind and also any feedback on the positive incentive idea.

Thanks in advance!