WELCOME

RentPrep Customers

To a Safer and Simpler Way to Collect Rent On Time Every Time

For most landlords, collecting rent can be rife with challenges. PayRent will help you get paid on time with minimum aggravation and reward your renters for their on-time payments.

rent payment app marketplace

Quick Tour

Learn why PayRent is preferred by
RentPrep Customers
like you.

PayRent provides safe, simple, and on-time rent payments with no contracts and no monthly minimums. Risk-free, stress-free, what have you got to lose?

Why PayRent?

Never Miss a Month's Rent

PayRent goes beyond transactions to give landlords the payment controls they need to never miss a month’s rent. Set due dates, require automatic payments, block partial payments, offer incentives for paying early, and enforce your late rent policy with automatic late fees. 

PayRent helps renters iron out cash flow problems by giving them the option to pay rent with a credit card. Additionally, renters with a history of paying their rent on time have access to emergency, interest-free loans to help cover their rent- so that their cash flow problem doesn’t become your cash flow problem.

rent reporting, report rent payments to credit bureaus, report rent payments for free,

Free Credit Reporting

A win-win for both landlords and renters, reporting rent payments encourages consistent on-time rent payments and rewards renters for what is likely their biggest monthly financial obligation. 

Full-file credit reporting to all three major credit bureaus is included in all service plans at no extra charge.

Simplicity and Security

Nervous about making the leap to digital rent payments? Don’t be! PayRent’s easy-to-use property management makes collecting rent payments a snap. 

Backed by one of the largest financial institutions in the world, PayRent uses bank-level cyber security protocols to ensure that your personal and banking details are always protected.

Rewards for Renters

Any rent collection platform only works if your renters use it- that’s why we reward your renters for making their payments on time with our RentCred program. 

RentCred is an exclusive renter rewards program that boosts your renter’s credit scores with free credit reporting. In addition, renters who have a history of on-time payments unlock perks like late fee forgiveness and access to emergency, interest-free loans for rent.

Check out our full list of features
HOW TO

Restore Your Sanity in 3 Easy Steps

It’s time to end the hassle and stress that comes with collecting rent payments.

1. Sign up for free

Sign up for our rent collection app is quick and easy. You’ll need your federal tax ID (SSN or EIN) and banking information to get started. We’ll verify your identity on the spot to make sure payments can be safely transferred. You’ll be ready to accept rent payments in about 5 minutes.

2. Add your properties

Once you’re enrolled, adding rental units is a snap. Each unit can have its own settings for payment due date, partial payment acceptance, and blocking payments. Transaction fees can also be absorbed, passed along to the renter, or split between both parties.

3. Invite your renters

Add your tenants to the platform and we’ll send out an email invitation for them to join the service then help them through the process of adding a payment method. We’re standing by via chat and phone to help them get up and running quickly.

Choose a Subscription That's Right for You

Pay-As-You-Go

No Monthly Fees

$0

per month

For part-time landlords with less than 10 units

Features

  • Unlimited units
  • 5-Day funding
  • $6 per Bank Transfer
  • 1.0% + $5.95 debit card rate
  • 3.5% + $5.95 credit card rate
  • $10 activation fee
  • Rent reminders
  • Payment controls
  • Scheduled payments
  • RentCred Loans for renters
  • Split rent payments

Do-It-Yourself

TRY FREE FOR 7-DAYS

$24

per month

For full-time landlords with 10 or more rental units

Features

  • 30 units included
    ($3/additional unit)
  • 5-Day Funding
  • $3 per Bank Transfer
  • 1.0% + $5.95 debit card rate
  • 3.5% + $5.95 credit card rate
  • $0 activation fee*
  • All Pay-As-You-Go features plus...
  • Store and share documents
  • Automatic late fees
  • Rent Collection Enforcement

Go-Like-A-Pro

TRY FREE FOR 14-DAYS

$59

per month

For professional property managers with 25+ units

Added Features

  • 10 units included
    ($3/additional unit)
  • 3-Day Express Funding
  • FREE Bank Transfers
  • 0% + $12 debit card rate
  • 3.5% + $5.95 credit card rate
  • $0 activation fee*
  • All Do-It-Yourself features plus...
  • e-Sign stored documents
  • Manage multiple property portfolios
  • Dedicated account management

* Activation fee applied to first month's subscription

Estimate Your Monthly Costs for Each Plan

Frequently Asked Questions

Do I need to bank with a specific bank?

No. PayRent can deposit your rent payments to any bank with branches in the United States, usually within 3 days from when rent payments are made.

What are the options for paying ACH transaction fees?

As a landlord, you have the option to absorb the ACH transaction fees or pass them through to your renter.

Is there a maximum transaction limit?

Yes. Our maximum per transaction is $50,000 USD. However, there is no limit to the number of transactions per month or per property. Splitting rent payments into multiple transactions is acceptable.

Who pays for credit card transaction fees?

Making rent payments using a credit card is considered to be a convenience for a renter and is significantly more expensive than ACH. Renters pay all credit card transaction fees. There is no option for landlords to absorb or split these fees

Can I create more than one PayRent account?

Yes. You can create as many PayRent accounts as you need. Many Landlords create separate accounts for each property or group of properties. You will need a unique email address for each account.

Can I prevent renters from making payments?

Yes. each property has an option to prevent payments which can be manually toggled on or off at your convenience.

How do my renters enroll in the service?

Once you are signed up and logged in to your dashboard, you have the ability to send an invitation to your renters via email. They can click on the link in that email and sign-up for the service.

Will I receive a 1099K?

Internal Revenue Service rules require that we distribute an IRS 1099-K only if you exceed more than $600 in rent payments annually through our service.

PayRent is on a mission to build a rent collection app that fosters a positive and productive relationship between renters and landlords. We focus less on transactions and more on the people behind them.

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Protect Your Evictions

PayRent gives landlords the control to block
all or partial payments from their renters.
LEARN MORE
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Protect Your Privacy

PayRent allows landlords to accept payments without
ever sharing their personal information with tenants.
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Automatic Rent Reporting

PayRent reports rent payments to
all 3 credit bureaus at no extra cost.
SIGN-UP FOR FREE
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Track Renter’s Insurance

Require Insurance and Track Documents with PayRent
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Accept Credit Cards

PayRent makes it easy for Landlords to accept
Bank Transfers and Credit Cards.
SIGN-UP FOR FREE
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Save Time With PayRent

Automate invoices, payments, receipts, late charges
and credit reporting with PayRent
LEARN MORE
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