Are you still relying on cash, money orders, and checks to collect rent from your tenants in Sarasota Springs, FL?
These methods are indeed popular and effective, seeing that over 70% of tenants use them. However, as the world undergoes a rapid digital transformation, an increasing number of people, who are younger and tech-savvy, are adopting digital methods of payment.
It's high time you started accepting online rent payments, which means finding the top apps to do the job.
Avail
Avail is a popular landlord software that offers a suite of property management features, including online rent collection.
Once you've been onboarded as a landlord, you can set up multiple payment options for your tenants, including bank transfers and card payments. The platform can send automatic rent reminders to tenants, offers reporting to credit bureaus, and allows tenants to schedule automatic payments.
Avail offers two pricing plans: Unlimited and Unlimited Plus. Although Unlimited is free, regardless of the number of your units, you only get a fraction of the features. Unlimited Plus offers many premium features, but it costs $9 a month per unit.
Apartments.com
Formerly known as Cozy, Apartments.com is another software offering rent payment solutions for both landlords and tenants.
Once you have signed up (it's free to use), you can go to the property management dashboard, enter lease and tenant information, and you'll be good to start receiving rent payments online. Tenants have multiple payment options, including card payments, Google Pay, and ACH bank transfers.
Since Apartment.com is built specifically for property management, it offers other useful features that you might be interested in, such as tenant screening and maintenance request submission.
Zillow Rental Manager
The first thing that comes to mind when you think of Zillow is the property listings. While that's what it's most known for, it also offers property management tools you might be interested in. With Zillow Rental Manager, you can activate online rent collection. Your tenants can set up recurring rent payments through direct bank transfer and debit and credit cards.
The service is free for landlords, but there are charges for tenant transactions. Like other apps described above, Zillow Rental Manager also offers tenant screenings, maintenance requests, and landlord-tenant communication among other useful features.
PayPal, Venmo, and Zelle
There are online payment apps that are not designed around property management, like PayPal, Venmo, and Zelle, which you can use to collect rent payments.
PayPal and Venmo charge fees on every business-related transaction, so if you're keen on maximizing rental income, Zelle is the best option as it doesn't charge such fees.
Use the Best Apps for Rent Collection
In a digital world, online rent collection shouldn't be an option. It's now the standard for every landlord who wants to stay ahead of the game. This guide has outlined the best apps for landlords to collect rent, but you just need to find one that best suits your needs.
If that sounds like too much work, there's an even better option: hire a full-service property management company.
At Veno Properties, we offer more than rent collection. We will deploy our state-of-the-art technology to handle accounting, property maintenance, marketing, and tenant screening.
If you're a landlord in Saratoga Springs, contact us!
