Use the comparison tool below to compare the top Rent Payment software on the market. You can filter results by user reviews, pricing, features, platform, region, support options, integrations, and more.
Need help deciding?
Talk to one of our software experts for free. They will help you select the best software for your business.
-
1
Innago
Free 919 RatingsInnago is a free, easy-to-use property management software solution, designed to save you time & money. Our mission is to make renting simple, accessible, & affordable for landlords of any size. Too many alternatives are expensive & overwhelming, turning a "solution" into a problem. Innago allows you to easily: collect rent, screen tenants, list properties, manage work orders, create applications, sign leases, organize financials, communicate with tenants, & much more! -
2
All-in-one property management software that helps property managers and owners make more money, get organized, and grow. Simplify property management with easy-to-use, secure, and reliable software. With cutting-edge technology, world-class support, and free educational resources, DoorLoop empowers you to grow personally, professionally, and financially.
-
3
Join thousands of property managers who trust Buildium to take control of every aspect of their business and drive more revenue per door. It’s the #1 most recommended for a reason. Buildium is all-in-one property management software loaded with all the features you need to thrive—accounting, communications, leasing, top-rated mobile apps and more. You’ll be able to find new revenue streams from resident services, count on award-winning support, and tap into an ecosystem of proven integrations with Buildium Marketplace. No matter the portfolio, Buildium is purpose-built for your job. With packages starting at just $58 a month, and zero hidden fees, it’s no wonder Buildium is ranked by Forbes to be the “Best Real Estate Accounting Software for Property Managers.”
-
4
RentPost is the best choice for stress-free management of your rental property. RentPost is simple and easy to use. It helps landlords and property managers manage various tasks related to rental properties, including rent collection, work orders management, accounting, tenant management and tenant management. This cloud-based property management software provides information about payment status and pending cases that need to be taken by the owner. It also includes a news feed that allows property owners and staff to view business updates in real-time.
-
5
myCiti is an IT company that provides a common unified software platform for managing any commercial or residential society. Our solution includes software, hardware, and services. We aim to digitize, automate and simplify all aspects of society management and its peripheral processes. Our Solutions are spread across all types of Management & Daily Operational Processes within a Society like (Visitor Management, Parking Management, Complaint Management, etc..), Staff Management (HR, Payroll, Attendance etc..), Accounting Solution(Maintenance, Collection, Audit, Filing, etc..) , Security Solutions (Gate Pass Solution, Panic Sirens etc..), Automation Solutions (Home Automation, Intelligent Lighting etc..)
-
6
Rentec is a cloud-based Property Management System that allows private owners to manage their real estate and tenants. It handles all aspects of billing and invoicing, credit checks, late fees calculation, rent tracking, and late fee calculation. The Tenant portal allows users to send messages, request receipts and pay rent. The Owner portal offers a more detailed view of Expenses, Insurance and Vacancy Tracking. It also provides management for Leases and Tax, Tenant Database and Website updates.
- 7
-
8
PayYourRent.com
PayYourRent
$9.95 per month 2 RatingsPayYourRent.com software can be used by landlords, property managers and property management companies. Landlords and property managers love same-day rent payment processing. Residents love to build their credit history with every rent payment. Property Managers and Landlords: Collect online and mobile rent payments from residents. Get same-day payment processing and same night rent deposits into your bank accounts. PayYourRent.com allows residents/tenants to save time and build credit history with the three major credit bureaus. -
9
Schedule My Rent
Schedule My Rent
$2 1 RatingSoftware services for vacancies marketing, receiving online rental applications, screening tenants with credit and background checks and collecting rent. Tenants can pay rent in these ways: - With cash at any MoneyGram location (Walmart CVS etc. - With their bank account - With credit or debit cards Rent can be collected monthly or twice per month. With the QuickPay option, landlords can receive rent on the same day that rent has been withdrawn from tenants' bank accounts. Late fees are added automatically to the tenant's account. You can combine late fees and daily fees to match your lease terms. You can easily check your rent status. Multi-unit view shows how many rents have been collected and how much rent remains to be paid across all your properties, or for specific units or businesses. - The unit view shows the entire status of a lease. You can add one-time fees (utility, etc.) to easily customize it. -
10
The complete platform for real-estate billing and payments. ClickPay is the industry's leading platform for automating real-estate receivables. ClickPay accepts all forms of payment, including cash, credit and debit cards, as well as paper checks, echecks (ACH), and cash. ClickPay offers integrated print and electronic bill presentation and payment services to improve operational efficiency and facilitate profitable growth. ClickPay is changing the face of real estate billing and payments by providing property management companies with customized solutions to connect with tenants, homeowners, and residents. To maximize productivity, electronic payments can seamlessly integrate checks, money orders and walk-in payments into one platform. Real-time integrations to your accounting software sync payment data across properties, banks and payment types to ensure accurate ledgers.
-
11
Rent Merchant
Rent Merchant
$1 per unit per monthRent Merchant allows landlords to collect rent online, instantly and automatically. This is a significant improvement on the traditional methods of collecting rent payments and collection. Your tenants will no longer need to send you checks. You also won't have to wait for the checks to arrive in mail to clear your bank. Tenants can now send payments by credit card, debit card or check to their bank account from their smartphone or computer. It takes only minutes. Rent Merchant is the modern solution to increasing efficiency, cash flow, and speed in collecting rent from tenants. Rent Merchant is your solution to collecting rent faster and more efficiently than ever before. Rent Merchant is free for 30 days. Rent Merchant makes it easy and fast to accept rent payments online. Rent Merchant can integrate with your website, or create a custom page with your property's logo and location. Rent Merchant also supports mobile websites, allowing tenants to pay rent from their smartphones. -
12
Building Stack
Building Stack
$0Building Stack is a cloud-based property administration solution that can be used by Canadian businesses of any size. The key features include tenant communication and reporting, lease management, employee management and building maintenance, automated listingsyndication, tenant communication, expense and time tracking and digital lease and document signature. Online rent payment collection is also possible. Building Stack allows users to organize vacancies and upcoming renewals, track progress of repairs in their units and document tenant requests. They can also receive online rent payments. Tenants can view their building information, make online payments, communicate and communicate with their landlords. Building Stack automatically posts vacancies to multiple websites, such as Kijiji or Facebook Marketplace. Users can manage leads that respond to automated postings via Building Stack and perform credit checks. You can also create a custom company or build a website that is tailored to your needs. -
13
RPM Pro
RPM-Pro
$54.00/month Our real-time property management software makes it easy to manage your vacation rental properties. RPM PRO is the best property management software available. It was designed with rental companies in mind and has all the features you need to manage your rentals business. BOXTONS developed this software. RPM-Pro helps you manage all aspects your long-term rental properties, tenants, leases, and vacation rental properties, bookings, and guests. You can manage everything in one place, saving time and money so you can concentrate on building your business, not tedious management tasks. You will quickly be able to track bookings, leases, and other requests (work orders) with a familiar yet different layout than Long term or Vacation rental. -
14
ManageGo
ManageGo
$20 per monthManageGo makes property management easier by integrating online rent payments and maintenance requests, scheduling, application, and other features into one platform. ManageGo allows you to accept different payment methods from different tenants. We make it easy for you to accept rent payments from your tenants. Tenants can submit maintenance tickets through the mobile app or by email. Management can respond or create work orders according to their needs. Maintenance tickets can be assigned automatically to the correct person, set up by category or building. All tenant requests are recorded and stored for life, unlike emails or phone calls that are not linked to a ticketing system. ManageGo allows you to accept payments, manage tenant service, store documents, send notifications and updates, and more. -
15
eRentPayment
eRentPayment
$3 per monthOnline applications, tenant screening, online payments, reminders, credit reporting, and time-saving online applications are all available to your tenants to help you distinguish your property and improve your operations. Online payment of rent, receipt of payment confirmations, review of payment history, refunds for security deposits, and building credit history. We are more than a rent payment site. We are also an online landlord and property manager. We offer automatic recurring rent payments on any day of the year. There are also bi-monthly and weekly options. This allows you to match tenants with different tenants. Not every tenant pays once a month, or between the 1st-5th of each month. We can modify recurring payments for one month. If the recurring payment does not clear the first time, we can reprocess the payment as necessary. -
16
RentRedi
RentRedi
$12 per monthRentRedi is a mobile-first property manager software for landlords. We provide easy-to-use mobile technology that includes a feature for each step of the landlord process. RentRedi assists landlords in a variety of tasks, including listing properties, signing leases, screening tenants, and collecting rent. RentRedi makes it easy for landlords to scale their rental portfolio without worrying about hidden fees, unexpected expenses, losing tenants, or using multiple tools to manage the business. RentRedi makes it easy for landlords to manage properties anywhere they are with one flat rate and access to 5-star customer support. -
17
Beaver
Beaver Technologies
$5 per monthBeaver is a new software for real estate investors that automates all aspects of bookkeeping, rent collection, vendor payments, and bookkeeping. It not only allows you to collect rent and pay vendors, but also completes the bookkeeping work for these transactions. The workload has been reduced up to 90%. It is very easy to prepare documents like rent roll, financial statements (balance sheet, income statement) and financial statements. It is easy to prepare your tax returns (Schedule 1). All you need to manage your rental properties is Beaver. Forget manual invoice entries. Beaver automates 90% of tax-related and accounting tasks. Beaver can be used to accommodate different investment structures, such as an LLC that owns multiple properties or one LLC that manages each property. This allows real estate investors and property managers to meet their unique needs. -
18
Hammock
Hammock
$6.91 per monthIt's never been easier to manage rent payments from individual tenants or HMO's. Notifications for missing and incoming payments will be sent to you. Rent transactions will automatically be linked to the appropriate tenants and properties. Hammock makes it easy to reconcile transactions from anywhere. Hammock automatically populates itemised statements for each property, so you can check them or share them with your accountant. Hammock converts information from individual transactions into actionable insights that you can use to monitor and optimize the performance of your portfolio. The Hammock dashboard provides real-time access and information about the key performance indicators in your portfolio. Just one click away is your Profit and Loss statement and Loan to Value ratio for each tenant. Hammock makes it easy to spot any approaching deadlines or unexpected expenses, as well as issues with occupancy for each property. So you're always aware of which property needs your attention. -
19
DoorSpot
DoorSpot
$54 per monthOur simple software does all the work so you don't need to. It streamlines operations, improves communications, and boosts revenues. Imagine less paperwork, and more growth. DoorSpot takes on these challenges. We'll be with you at every step, from setting up to showing you the ropes. Automated tasks and follow-ups are made easy with customizable automation. Tracking and reporting tools will keep you informed, and help you focus your attention on the areas that need it. You can easily control who has access to your DoorSpot assets. From owners to maintenance staff. Edit profiles on the move. Easy navigation and details at your fingertips will help you quickly find and manage assets. Add and update important details such as profile images, contact information, and more. -
20
Spacebase
Spacebase
Spacebase is a user-friendly, modern lease management and lease accounting software. The platform is highly configurable, customizable, and easy-to-integrate. It allows you to digitize your lease portfolio data, manage financial and operational obligations, minimize risks, and make data-driven, proactive decisions. -
21
Qira
Qira
We provide financial services to residents and property managers. Our platform handles screening and security deposit programs, rent collection and flexible rent payments. We also handle end-of lease renewals & settlements. We help property owners and managers improve cash flow, reduce vacant properties, and avoid bad debt. A better relationship between the financial resident and the landlord results in higher occupancy, fewer defaults on rent and less bad debt. Qira enables all financial interactions to be done on one digital platform. Our proprietary applicant screening engine provides instantaneous results from data from more than 40 sources. You can fill more units faster with a wider range of qualified applicants. You have the option to charge your residents the full security deposit upfront, or those who qualify can pay a monthly fee. We will take care of all the underwriting and forward the entire amount to you. You'll be required to pay a double security deposit protection at the end of your lease. -
22
Property360
Property360
$10 per monthYou can work anywhere, without fear of losing your trust account. You can access your trust account from any device, at any time. Because we designed everything with the property manager as our goal, our product is simple to use. You can do your monthly bank reconciliation in minutes, not hours. Owners have access to their platform and can control what content is visible. Keep ahead of your competitors by providing owners with real-time data on how their investments are tracking. Smart notifications can be automatically scheduled and sent to tenants and owners. Automated renewal of leases and reminders about rental arrears can be sent to tenants, saving you time. The intuitive design allows for minimal training. Our products are simple to use even for people who don't have any technical knowledge. We design everything with the end user as our goal. Online software allows you to manage all aspects of your business from any device, anytime, anywhere. -
23
Acturent
Bia Creations
$1 per unit per monthYou can choose from our selection of professionally designed themes or create one for your company. All transaction information can be viewed and recorded in one place. All your information is available online, accessible 24 hours a day from any computer connected to the Internet. Your data is stored off-site and backed up every hour. Tenants can easily make payments online, view lease documents, and submit maintenance requests. It's easy to post your vacancies online with us. Your information is accessible online 24 hours a days, regardless of which computer you use. Your information can be viewed and manipulated online, from your home or office, without the need to install any special software. Acturent keeps your information for as long as you have an active account. -
24
Boachsoft LandLord
Boachsoft
Boachsoft landlord is the best software to manage your rental properties. You can have unlimited tenants and units. This software allows you to track owners, tenants, buildings and apartments, as well as maintenance, rental agreements, and other bills. This landlord software is for landlords and managers who manage rental properties such as apartment complexes, single-family homes, commercial properties, etc. Boachsoft Landlord is the ideal software for property managers and land-lords who want to manage their properties efficiently while increasing productivity. Boachsoft Landlord is the best choice for landlords looking for easy-to-use reports, cashbook for accounting, rent tracking, and payment collection. This software will allow you to manage large numbers of tenants and units at a reasonable price. -
25
Zego (Powered by PayLease)
Zego (Powered by PayLease)
Zego (Powered By PayLease) is a property tech company that allows community associations and management companies to provide resident experience management solutions. Zego allows residential real estate operators to modernize the resident experience, increasing retention and operational efficiency. Everything seamlessly integrates into the property management system, from payments and utilities to communications. Gozego.com provides more information about how Zego fosters community engagement and efficiency.
Rent Payment Software Overview
Rent payment software is an online platform designed to streamline the process of making rental payments. It provides a secure, convenient way for tenants to pay their rent online and landlords to collect rental payments from multiple sources. The software makes it easier for both parties to manage and keep track of payments, eliminating the need for manual bookkeeping and paperwork.
The rent payment software typically includes features such as tenant tracking, bill reminders, automated rent collection, payment history records, online invoicing capabilities, and access to real-time reporting. These features help both landlords and tenants save time and money by streamlining the entire rental payment process.
Tenants can use rent payment software to make payments directly from their bank accounts or credit cards. They also have the option of setting up automatic recurring payments which will occur on a set date each month. Landlords will receive notifications anytime someone has made a payment so they know when they are expecting money into their account. Landlords can also send out invoices with all the details included so that tenants know exactly how much they need to pay each month.
With the accrued data collected through using rent-payment software, landlords can easily track overdue rents along with other essential aspects such as tenant contact information or lease duration without having to manually look up documents or spending long hours on administrative tasks such as running reports or generating financial statements. This enables landlords to identify trends in their properties’ financial performance which helps them make informed decisions about their business operations quickly and efficiently.
In addition, many rent-payment software solutions offer additional services such as applications for housing assistance programs which help qualifying renters find affordable housing options in their area and direct deposits which enable landlords to securely receive payments electronically instead of waiting for physical cheques in the mail or running back-and-forth between the bank branches every day.
Overall, renting payment software is an invaluable asset for both tenants and landlords alike since it simplifies the entire rental process saving them time and money in the long run while providing an easy way for them to manage all of their cash flow needs without any hiccups along the way.
Reasons To Use Rent Payment Software
Rent payment software simplify the process of managing rental payments and makes it easier for tenants to pay on time:
- Streamlined Payment Processing: Rent payment software allows tenants to fulfill their rent obligations quickly and securely by automating the entire process. Landlords can customize invoice settings according to each tenant’s payment plan, thereby streamlining the payment cycle for both parties.
- Increased Organization: By utilizing rent payment software, landlords can easily store documents related to rental agreements, as well as keep track of past due payments or other important notes pertaining to a tenant’s lease agreement. This helps landlords stay organized and in compliance with local laws governing rental transactions.
- Improved Security & Fraud Protection: With rent payment software, you can rest assured that all transactions are secure as they are encrypted with SSL encryption technology which protects confidential data from being exposed or accessed without authorization. The built-in fraud prevention system additionally provides an extra layer of security when processing payments online.
- Better cash flow forecasting: Landlords can leverage reporting features found within many rent payment platforms which enable them to quickly analyze their cash flow position over a certain period of time and gain insights into how their income is trending over time. This allows them to better budget expenses accordingly and adjust prices if needed in order for them to stay profitable long-term.
The Importance of Rent Payment Software
Rent payment software is important for a variety of reasons. In the modern world, paper checks and cash payments are increasingly becoming obsolete, making rent payment software an essential tool to facilitate financial transactions.
For tenants, having a secure means to pay their rent from any location gives them the convenience and peace of mind they need when it comes to making sure their rent is on time. The automated processes associated with rent payment software make it easy for tenants to set up automatic recurring payments or access multiple payment methods such as debit or credit cards. This also helps reduce late-payment fees for landlords and tenants alike since late payments caused by forgetfulness or other issues can be prevented with the help of automated reminders sent out through the system.
For landlords, integrating rent payment software into their business processes simplifies accounting tasks while providing real-time updates on receipt of funds. This makes it easier to track tenant payments which can then be used to send out invoices at month’s end or even generate reports based on cash flow throughout the year. Furthermore, using renter’s bank account information eliminates check cashing fees associated with traditional methods which often come at considerable cost for both parties involved in a residential lease agreement.
Overall, rent payment software is important because its usage can benefit both tenant and landlord operations in terms of security, convenience, accuracy and cost saving methods that are increasingly necessary in today's digital economy where more people rely heavily on online services day after day.
What Features Does Rent Payment Software Provide?
- Automated Rent Collection: Most rent payment software provides automated rent collection, allowing landlords to automatically deduct rental payments from tenants' accounts each month with no extra effort required on the part of the landlord. The software can also be set up to issue automatic reminders when a rent payment is late or missed, making it easier for landlords to stay on top of delinquent accounts.
- Online Payment: Many rent payment software systems offer online payment platforms for tenants and landlords—allowing rent payments to be made directly from personal bank accounts or credit/debit cards in a secure, encrypted environment. These systems typically charge a fee per transaction, but they are convenient and provide an easy way for tenants to send their monthly rental payments quickly and securely to their landlord without ever leaving home.
- Document Storage: Most rental property management systems include features that allow landlords and tenants to store documents securely in the cloud such as leases, agreement forms, inspection reports, invoices etc., which can be accessed anytime with just a few clicks of a button. This makes it much faster and more efficient for both parties if any paperwork needs to be referred back to at any point during the tenancy.
- Reporting & Analytics: Rental property management software often feature powerful reporting capabilities which help landlords track key metrics such as occupancy trends, tenant activity logs, overdue rentals etc., enabling them make informed decisions about their business operations as well as identifying areas where improvements are needed within their portfolio of properties. Some platforms even include extensive analytics functionality which track industry-specific trends related specifically towards your portfolio —so you always have an edge over the competition.
Who Can Benefit From Rent Payment Software?
- Property Owners: Property owners can benefit from rent payment software by streamlining the rent collection process and reducing administrative costs.
- Tenants: Rent payment software helps tenants pay their rent on time, avoid late fees, and keep a clear record of their payments.
- Property Management Companies: A rental management solution helps property management companies automate rent collection processes while improving accuracy and convenience for both tenants and owners.
- Banks/Financial Institutions: For banks or financial institutions that offer services such as payment processing or insurance products to landlords, a rented software solution can help manage risk and compliance as well improve customer service capabilities.
- Retailers: Retailers who accept traditional paper checks as payment can use this same technology to move towards digital technologies that can reduce transaction times and costs associated with processing paper checks.
- Mobile Payment Providers: With the rise of mobile payments, there has been an increase in providers offering similar solutions for online rental payments. These services provide users with an easy way to quickly pay rent via mobile devices or other electronic means with minimal fees involved.
How Much Does Rent Payment Software Cost?
Rent payment software costs vary depending on the features and complexity required. Many software providers offer basic rent payment programs that allow tenants to manage their payments, set up automatic payments, and view account histories for free. On the other end of the spectrum are more advanced systems that include features such as tenant screening, remote collections, detailed analytics reporting, customer support options and more. These versions typically cost anywhere from $10-50 per unit per month or a one-time implementation fee plus a monthly subscription fee. Some companies also offer customized versions with specialized services tailored to the specific needs of each property. Depending on the complexity and number of transactions involved in a given project, prices can range from several hundred dollars to thousands of dollars per month.
Risks To Be Aware of Regarding Rent Payment Software
- System Security Risks: Payment software systems are vulnerable to breaches, malware attacks, and data theft. Hackers may be able to access sensitive personal information or financial details stored within the system.
- Compliance Issues: As rent payment software often involves processing payments from customers and tenants, businesses must ensure their system meets the regulations set by payment industry service providers such as PCI DSS. Failing to comply can result in significant fines or even criminal prosecution.
- User Error: Even when a business follows all of the necessary compliance standards, errors made by users introducing wrong data or making mistakes with coding can still lead to security threats and incorrect transactions.
- Privacy Concerns: As many rent payment systems store sensitive customer information such as their full name, address and bank details, there is an obligation on businesses using this type of software to protect these records against unauthorized access in order to maintain user privacy.
- Loss of Financial Data: If a malicious attack happens on rent payment software then not only will sensitive customer data be at risk but also any financial information that is associated with it. This could include credit card numbers, bank account details and other confidential banking documents which could result in serious losses for both businesses and individuals if they fall into the wrong hands.
What Does Rent Payment Software Integrate With?
Rent payment software can integrate with a variety of different types of software. This includes accounting software, payroll software, customer relationship management (CRM) systems, and automated invoicing solutions. Accounting software provides tenants with the ability to track their income and expenses, while payroll software offers more detailed analysis and reporting capabilities. CRM systems allow landlords to manage tenant inquiries and communication in an organized way and automate tasks such as rental agreements, contracts, payments processing and lease renewals. Automated invoicing solutions provide landlords with the capability to generate customized automatic emails when tenants need to make rent payments or when their leases are expiring. All of these integrated tools enable landlords to streamline their rental operations while also providing valuable insights into tenant behaviors.
Questions To Ask When Considering Rent Payment Software
- How secure is the software? Is it compliant with any industry-specific regulations or standards?
- What type of payments does the software accept? Does it accept all popular payment options, such as credit cards, ACH transfers, and checks?
- How user-friendly is the interface? Does the software have a simple-to-use mobile app for tenants to make payments quickly and securely?
- Does the system provide real-time reporting on incoming payments and other tenant data such as lease expirations and late charges?
- Are there any additional fees associated with using the software (e.g., processing fees)? If so, what are these fees?
- Can customized emails be sent automatically when rent is due or overdue to remind tenants of their obligations?
- Is there automated collection management functionality built-in to the software that can help track delinquent rent and ensure timely follow up if needed?
- Does the platform provide access to rental collections analytics so landlords can track their rental income in more detail over time?