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The Top Five Rent Payment Software Features You Need, But Might Not Have

February 27, 2024
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Rent collection is a critical part of managing properties. Without effective payment software, managers may find themselves dealing with missed payments and are at risk of losing trust in their residents. Rent processing software comes with a variety of features that can help streamline the collection process and make it easier for owners to track payments.

Here, we'll dive into five features that every property manager should know about when considering rent processing systems - ones you might not be aware of but will quickly come to appreciate.

Automated Rent Payment Reminders

Automated rent payment reminders can alleviate some pressure by providing timely and customized notifications to residents. Whether it's a push notification, email, or SMS, these reminders ensure that residents are aware of their upcoming payment due dates and can avoid potentially costly late fees. Plus, the level of customization available means that you can tailor your notifications to fit the needs of your specific property and branding, ensuring that everyone is on the same page and payments are made on time.

Online Rent Payment Services

With online rent payment services, community members can say goodbye to the hassles of paying rent in-person or by mail. These services allow people to pay their rent from any device - be it a laptop or a smartphone. The convenience doesn't stop there, as residents can also set up automatic payments within a secure system that makes payments easy, traceable, and safe. That means one less thing to worry about each month.

Online Resident Profiles

Keeping track of your residents' information can be a chore. But with the help of online resident profiles, things just got a lot easier. These profiles store financial records, rental history, contact information, and a wealth of other important details that you may need at any given moment. From checking if a rent payment has been made to verifying emergency contact information, the convenience of having all this data at your fingertips cannot be overstated. Plus, this information can be securely accessed from anywhere, at any time.

Payment Processing Features

As a business owner, you know that payment processing can be a headache. Dealing with multiple sources and different types of payments can quickly become overwhelming. Fortunately, there are payment processing features available that can help make the process smoother and more secure. With the ability to collect payments from multiple sources in one place, you can save yourself time and energy. Plus, the added security measures ensure that your customers' information stays protected.

If you’re looking for an app that can do all of this and so much more, then it’s time to look at Elevated Living. Our property management platform can help you streamline and automate processes, keep your residents happy and help ensure that payments and other tasks are tracked and accounted for. Plus, we have a slew of other features that can build community and make your communities even better places to live.