The rise in popularity of online rent payment platforms has transformed the way that landlords and tenants do business. However, not all platforms offer the same features, and some are more worth their cost than others.
What Is Zego (Paylease) and How Has It Changed?
Zego, formerly Paylease, is one online rent collection platform that has changed significantly over time. Along with the rebrand came a price increase, making it harder for landlords to use these services and still earn the profit they deserve on their rental properties.
Best Online Rent Collection Alternatives
Need a Zego alternative? We’ve listed a few of the best online rent payment platforms that give landlords all the features they want without breaking the bank:
PayRent’s many useful features and low prices make it a great Paylease alternative for landlords who desire an easy process during rent collection time.
Additionally, with PayRent, property owners and private landlords don’t have to screen any tenants or list apartments through the software. You can keep it simple by only collecting rent on this platform and not worrying about the other details.
One of the most beneficial features of PayRent is that they are integrated with Rent Manager so landlords looking to switch platforms won’t have to do as much work to make the change.
Another great Paylease alternative is Avail, which is owned by Realtor.com. This platform is designed to help landlords streamline their rent collection process by pre-scheduling upcoming payments and sending tenants helpful reminders.
Rebranded from Cozy, Apartments.com provides landlords with an easy-to-use interface that fully automates rent collection and allows you to view all payments in one central location. Like most online rent payment platforms, processing payments from tenants can take two to three business days.
Rentec Direct is a great Paylease alternative with few setup costs when you sign up as a landlord. However, you have the option to upgrade to Rentec Pro or Rentec PM for an additional monthly fee to access even more features. Additionally, you can expedite the rent processing period for just $0.50 extra per transaction.
Zillow Rental Manager
Zillow Rental Manager is a well-designed platform with a user-friendly dashboard, making rent collection simple for both landlord and tenant. Payments are free for tenants when they use their checking account, but credit card payments charge a 2.95% fee and debit cards charge a $9.95 fee.
Roommates cannot pay separately using this platform and must pay one lump sum through Zillow Rental Manager each month.
If you manage more than 50 properties as a landlord, Buildium is the right Zego alternative for you. This platform is designed to help landlords with large portfolios keep their properties organized and easily set up recurring or one-time payments with tenants.
Like PayRent, ClearNow only focuses on rent collection and leaves out the other unnecessary details. There are no landlord setup fees, but ClearNow charges various amounts based on whether you want the rent to be paid monthly, semi-monthly, or bi-weekly.
TurboTenant is a worthwhile Paylease alternative with simple tracking abilities, automated tenant reminders, and easy-to-access receipts.
Rentdrop is a completely free app, which makes it a great Zego alternative for landlords looking to save. It offers late fee charges, auto-pay reminders, and partial payment blocks.
Stessa is a comprehensive property management tool. Not only can you collect rent online, but you can also track your expenses as a landlord and generate helpful reports based on your property’s performance.