Simplify your monthly rent collection. Stop waiting for the mail to come or for Friday to visit your tenants to collect in person. Have you ever looked into an online rent payment tool? With the rise of digital payments, why not? Rent payments sites can link directly to your account, simplify the process, and keep an accurate digital record.  

Allowing your tenants the alternative to pay online gives them the flexibility to do so whenever and wherever they may be. If you choose an online payment site, this site will act as a third party between you and your tenant. 

What Tools Can You Use? 

Paypal offers convenience as most people have this app already installed on their phones. Tenants can make monthly payments from their phone, tablet, or computer.  

Rentler FREE online payment tool allows your tenants to split roommate payments, automatically report rent payments to build a tenant’s credit, and send digital rent reminders/late fee notices. 

Venmo is another app that most of your tenants have already downloaded. Venmo features a request tool where landlords can send transfer requests to their tenants on the day rent is due. 

Avail allows you to set up each tenant, enter their monthly rent and due date, and add a separate late fee if paid after a specific date. This site also allows you to schedule security deposit payments with new tenants and due dates. 

PayLease.com  Tenants set up an account and can make payments each month or set up an automatic payment schedule to occur on a specific date. 

PayYourRent.com PayYourRent currently offers eCheck and credit card payments. Tenants can make individual payments or schedule recurring payments monthly.  

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Rentigo Payment by eChecks and credit cards and allows tenants to schedule recurring payments. 

What Should You Do? 

Check with your accountant and see if this is a good option for you. Do additional research to see which tool best fits your tenant demographic and needs.  

Are you looking to become a landlord? Anthoney Hanks with Beyond 404 Realty in Forney, Texas, is your local expert for the DFW community when it comes to finding an investment property. Visit his website at www.beyond404realty.com for more information and to schedule an appointment.