Can You Trust Online Rental Payments?

Have you ever tried to count all the cheques you have gathered since you became a landlord? Probably not. But if you try, you’ll realize how much time is wasted on waiting in long lines. Hours and hours wasted. The good news is that you can go digital and stop receiving paper cheques.

You probably did not know there was a possibility to collect rent payments online. Below you can find the list of reasons why electronic rent collection is worth your trust (and why using Rentberry to collect rent online might be your best choice).

The Brand Matters

When it comes to financial transactions, it’s crucial to use reliable services such as Rentberry. Unlike many companies in the industry, Rentberry has a successful track record. So far, we have managed over 160,000 properties in 6,821 cities. In addition to that, our user database exceeds 180,000 happy people. No wonder why the mainstream media described us as a ''truly disruptive real estate technology.''

Trustful Payment Service

As professionals, we do not make any compromises with our reputation and the level of security we offer to our clients. We accept ACH Payment Service, famous for its punctuality and a high degree of protection. ACH payments are digital payments made via the Automated Clearing House (ACH) Network. Even if you think you have never used them, we can prove you wrong. For instance, the last time when you received a direct deposit, it was the ACH network that made it possible. Furthermore, a recent study by NACHA has revealed that in 2014 only, over 23 billion ACH network processed over 23 billion payments.

User-Friendly Interface

Rentberry’s electronic payment platform is at your disposal 24/7. You can save all your details at one place and access them at any time. Furthermore, the interface is user-friendly and easy to navigate. You do not need any specific IT skills to work with it.

Easy Track Record of Payments

As we’ve mentioned in the beginning, once you start with the electronic rent collection, you will no longer find yourself surrounded by piles of cheques and bank statements. If you or your accountant need a quick reference, it will not take a whole day to get this particular cheque of February 2015. Rentberry lets you monitor your payment history with ease. You can access all your transactions, payment status, and deposit dates. Moreover, thanks to the ACH technology, you’ll be able to review and export payment history whenever you want.

Improved Relationship with Tenants

Tracing all the cheque payments can be time-consuming. However, if you collect rent online, you would be able to keep track of all the transactions with one mouse-click. You do not need to call the bank for clarifications or to meet your banker in person.

Minimize Disputes

If you’re an experienced landlord, you may have already come across some unreliable tenants claiming they sent you a cheque or transferred the money but something happened on the way and that is why you did not receive the payment on time. Well, if you collect rent electronically, things like that won’t happen ever again. You will keep track of all your overdue bills and will be able to send reminders to the tenants.

As you see, online rent collection is a better alternative to a traditional approach. But it only holds true if you choose trustworthy platforms or services that truly value clients and security of their transactions.