Disclaimer: This article is not legal advice. Any legal information is not the same as legal advice, where an attorney applies the law to your specific circumstances, so you should consult an attorney if you’d like advice on your interpretation of this information or its accuracy.

The ability to pay rent online offers a host of advantages for both renters and landlords. From encouraging on-time rent payments to providing easy access to financial information, online rent collection is the new industry standard for property management.

While you may think of online rent payment as a value-added service to offer your tenants, in reality, it offers you a host of advantages as well. By providing you with more options for notifications, more security and fraud protection, and round-the-clock availability and access, you may wonder how you ever managed with manual rent collection, bank deposit, and bookkeeping methods.

As a landlord, it can be difficult to keep track of all of the moving parts associated with managing and maintaining your rental property while improving your relationship with the tenants who rent from you. You may think that adding a new service offering will be time-consuming and add to your already endless to-do list.

As a landlord, you may have a love/hate relationship with the rent due date. While you love what it does for your cash flow, it can be frustrating to actually collect the rent. Whether you’ve been accepting paper checks in person or by mail or using an expensive online invoicing system, rent collection can be a tedious and frustrating process.

For many landlords, the day that rent is due offers both exciting and frustrating outcomes. Roughly 20% of renters in America are behind on their payments, according to CNBC. As a result, landlords scramble to determine which tenants are not paying on time.

Disclaimer: This article is not legal advice. Any legal information is not the same as legal advice, where an attorney applies the law to your specific circumstances, so you should consult an attorney if you’d like advice on your interpretation of this information or its accuracy.

Disclaimer: This article is not legal advice. Any legal information is not the same as legal advice, where an attorney applies the law to your specific circumstances, so you should consult an attorney if you’d like advice on your interpretation of this information or its accuracy.

Disclaimer: This article is not legal advice. Any legal information is not the same as legal advice, where an attorney applies the law to your specific circumstances, so you should consult an attorney if you’d like advice on your interpretation of this information or its accuracy.

Disclaimer: This article is not legal advice. Any legal information is not the same as legal advice, where an attorney applies the law to your specific circumstances, so you should consult an attorney if you’d like advice on your interpretation of this information or its accuracy.

Disclaimer: This article is not legal advice. Any legal information is not the same as legal advice, where an attorney applies the law to your specific circumstances, so you should consult an attorney if you’d like advice on your interpretation of this information or its accuracy.

Disclaimer: This article is not legal advice. Any legal information is not the same as legal advice, where an attorney applies the law to your specific circumstances, so you should consult an attorney if you’d like advice on your interpretation of this information or its accuracy.