How to accept rent online?

Question

Hello! I was wondering what the best way to accept rent online would be? Can people use platforms like PayPal, Zelle and Venmo? Can you give them an account number to set up online bill pay through their banks?

Thanks!!

John Underwood · Answer

Some tenants deposit directly into my business account and I can check it online. I also use ACH, zelle, PayPal, venmoe and cash app. Non of these have any fees for me or the tenants.

I make it as easy as possible for people to give me money.

Kynan Bush · Answer

@Katie M Reece Rentredi application had been working well for me.

Jon Coleman · Answer

@Katie M Reece From what I've seen, you want to be particular about which options you use as you need to be able to have more control over accepting funds.  What I mean by this is that if you have a tenant you are in the process of evicting due to nonpayment and then they send you a dollar through something like Venmo/Zelle you risk resetting the clock by accepting the payment.  By going with something geared towards rental properties, you should be able to have more control and avoid situations like this.  As @Kynan Bush suggested, I've also heard RentRedi recommended by others.

Blake Brinson · Answer

@Katie M Reece I faced your same question last year and decided to implement an online software platform for my property. The platform is Hemlane and my experience has been great so far. Hemlane is not free but there are no fees associated with the rent payments. The rent is collected via ACH transfer. I would recommend checking their website out and seeing if it is a good fit for you.

How to accept rent online?

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