Simplify deposit and fee collection with RentSpree

There’s no better feeling than knowing a rental deal is about to close. Your landlord clients are happy with their new tenants, and the tenant is ecstatic to move into their new home. But before you pop the champagne and congratulate yourself on another successful deal, there are a few loose ends you need to wrap up. 

One of those final tasks includes helping your landlord collect any one-time fees from the tenant prior to their move-in date. From security deposits to first month’s rent, getting these fees into the hand of your landlord client as quickly and securely as possible is paramount to getting the rental deal done. 

That’s why RentSpree is excited to announce a new tool to help agents seamlessly facilitate this transaction on behalf of their landlord client. In their RentSpree dashboard, agents can accelerate deposit collections by setting up an online payment transfer between landlords and renters with a tool they already trust. 

RentSpree makes deposit collection easy and secure

For many agents, collecting a security deposit from tenants can be a time-consuming, manual process. It often involves collecting paper checks from tenants to then deliver to landlords, which can lead to delays or even missing payments. Because agents are responsible for coordinating this step between the landlord and the renter, making sure these fees get into the hands of the landlord in a timely manner is essential for building and maintaining client satisfaction. 

With RentSpree, agents can say goodbye to the inefficiencies that come with chasing paper checks. RentSpree helps agents coordinate transactions in a few simple steps, streamlines the deposit collection process by moving everything online, and gives them complete visibility into the status of every payment. In addition to faster deposits, RentSpree helps agents streamline communications, reduce the burden of administrative tasks, and improve overall client satisfaction. 

When agents use RentSpree to coordinate deposit collection between their landlord clients and renters, they can: 

1. Accelerate deposit timelines. No more chasing checks. With RentSpree, deposit collection occurs online and payments can be made within minutes.
2. Maintain complete visibility. Ensure funds are transferred safely and in their entirety with status updates along the way.
   
3. Jump between tasks with ease. Move seamlessly between tenant screening, leasing, and deposit collecting all within the RentSpree platform. 

Simplify deposit collection when you use RentSpree 

When agents facilitate online deposit collections, they can close rental deals faster and simplify the process for everyone involved. To get started, all agents need to do is log into their RentSpree account and navigate to their listings to set up collection using the landlord’s deposit information. Once the landlord confirms the details on their end, RentSpree will automatically send the payment request to the tenant to complete the transaction through a secure, online portal. 

Make the deposit collection process seamless and painless when you use RentSpree! Simply log into your account or sign up for an account to get started today. 

Deposit collection FAQs

What is considered part of the move-in fee?

While this can vary from landlord to landlord, move-in fees can comprise one or several of the following: first month’s rent, prorated rent, nonrefundable deposits, pet owner fees, and more. 

What are the benefits of using RentSpree to initiate the deposit collection process?

With RentSpree, agents can accelerate deposit timelines, ensure funds are sent to the right place, move seamlessly between their tasks, and keep financial information safe thanks to secure online transactions powered by Stripe. 

How do you set up deposit collections in RentSpree?

Agents will need to log into or sign up for their free RentSpree account to coordinate transactions. Once logged into the RentSpree dashboard, navigate to My Listings and click on an active listing to set up deposit collection for your landlord client. Once you set up the payment, an email is sent to your landlord client to review and provide their receiving account details where the deposit will be paid into.