Property owners or landlords are always inconvenienced with having to go through the process of rent payments and collection. They have to constantly remind their tenants about paying the rent particularly those with overdue rents and travel to distant properties just to collect payment. It's time consuming and expensive. Instead of making money in this type of business, you lose some of the money you should be making. Landlord software helps you to address this problem.
With landlord software, property owners can change the way they do business with their residents. The software provides secure transactions so property owners can assure their residents about making their payments online. It provides an online rent payment feature where residents can pay their rent using any of the two modes of payments namely: credit card and electronic check.
Paying your rent through credit card is just like paying for the goods you purchased on the internet. It's quick and easy just follow the instructions on the webpage and your done. It's especially beneficial in conditions where the amount for rent varies each month. Plus you get to use any major credit card.
Electronic checks offer the same convenience. The only difference is in the process because with electronic checks residents must enter their bank routing and account numbers from personal checks to transfer funds directly into their landlords' bank accounts.
Another great feature about the software is it is cost-effective. Property owners can eliminate the transaction costs by charging their residents a convenience fee. It even saves them gas money conserving the environment in the process. It also saves them time to do other important things as it shortens the process transaction process.
Furthermore, the software keeps the landlords informed about their residents' payment history. Because it provides real time reporting, landlords can monitor with its instant email notification payments who pays on time and who's late in making payments. This way, they can make follow up on them.
Moreover, the software doesn't only benefit the property owners or landlords. It also benefits the residents of the property. Besides enabling them to select the mode of payment for paying rent, residents also has complete control on the checking account, payment account, and the date to pay the monthly rent dues. Therefore, landlord software is a very convenient tool to use for property management business. It's beneficial to both the property owners or landlords and their residents. It's easy, safe, cost-effective and timely in generating reports. It's definitely something that all property owners or landlords should have with them.
To know more about landlord software and online rent payment, visit propertysolutions.com
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