March 31st, 2008
Attention Landlords! The Many Advantages of Electronic Rent Collection
Landlords and property managers can learn about the many advantages there are to collecting monthly rent online or electronically.
You may be adored by all of your tenants and have fixing a water heater in the middle of the night down to a science, but if your tenants still slide rent checks under the door, you’re missing out. Read on and learn about the many advantages there are to collecting monthly rent online or electronically. Drop the letter opener and think about modernizing your rental operations, saving yourself and your tenants time and money in the process.While more than 80% of car loans and mortgages are paid electronically, and over 50% of Americans regularly shop online, less than 5% of rents are collected electronically. Both VISA and American Express have divisions tasked with figuring out rent collection and hundreds of “rent payment? websites and , and service providers like RentingYourHome.com have reported adoption rates of nearly 100% using that kind of message to tenants.