Rent Payment App Features
RentDefense protects landlords from late and lost rent with rent collection tools and controls available only on PayRent. Using all of these features together helps to minimize the risk of not getting paid on time.
Rent Collection Enforcement
Set a relaxed or strict rent collection policy to enforce scheduled recurring payments or require a backup payment method.
Availability: Do-It-Yourself, Go-Like-A-Pro
Bank Balance Verification
Real-time fund verification before a payment is made virtually eliminates payments returned for non-sufficient funds.
Availability: All Versions
Automated Late Fees
Automatically add late fees when rent is past due to help keep rent payments on schedule.
Availability: Do-It-Yourself, Go-Like-A-Pro
Block Partial Payment
Require renters to pay the full balance due and gain greater control over your cash flow.
Availability: All Versions
Scheduled Payments
Renters can schedule one-time or recurring future payments to make rent collection more predictable.
Availability: All Versions
Security
The privacy and security features of PayRent ensure everyone’s important information is kept away from hackers and bad actors making each and every transaction inherently safe.
Personal Information Security
Information like tax ids and bank details are stored in a hacker-proof vault keeping personal and business information secure.
Availability: All Versions
Secure Payment Processing
All payment transactions are transmitted via SSL encrypted connections to the acquiring bank so they can’t be hacked.
Availability: All Versions
Encrypted Payment Methods
Banking and credit card details are encrypted then stored in a secure vault. Financial information is kept off of our servers.
Availability: All Versions
Instant Payment Acceptance
Payments are authorized immediately with confirmations sent to both parties so you know the minute rent is paid.
Availability: All Versions
Simplicity
Our number one priority in designing a rent payment app for real estate entrepreneurs is to keep things simple. You’ll find that theme throughout every thoughtful design element of the platform.
Mobile Friendly
Our web-based rent payment mobile app makes it easy for both landlords and tenants to use PayRent from any device.
Availability: All Versions
Search
Fast, auto-suggest search capabilities on each screen allows you to quickly find properties, payments, or renters with less effort.
Availability: All Versions
Intuitive Navigation
Flat navigation for both landlords and renters means fewer taps or clicks and a more intuitive and enjoyable payment experience.
Availability: All Versions
Transaction Filtering
Filter transactions by date, renter, type, or status so you spend less time focused on the past and more on what’s next.
Availability: All Versions
Global Property Settings
Set or reset preferences for all your properties from a single panel saves you time managing your property details.
Availability: All Versions
Account Summary Dashboard
View critical details like collected and past due rent, vacancy rates, and renter usage for a quick snapshot of your business.
Availability: All Versions
Renter On-Boarding
Automated onboarding of your renters via email and in-app assistance removes the burden of getting renters started.
Availability: All Versions
Convenience
With over a dozen convenience features, we’re doing our best create a rent payment app that saves you both time and money.
1-Click Balance Reset
Reset a renter’s account balance to zero with a single click to quickly manage accounts that are curent.
Availability: All Versions
Activity Feed
Track billing, payment and invite activities right on the home screen to to see what’s happening at a glance.
Availability: All Versions
Clone a Property
Quickly add multiple units at the same address using the Clone Property feature to reduce the time it takes to get started.
Availability: All Versions
Automated Rent Reminders
Renters are automatically reminded 3-days in advance of rent coming due increasing the likelihood of on-time payments.
Availability: All Versions
Transaction Settlement Details
Payment details including settlement date to make bank reconciliation faster and eaiser.
Availability: All Versions
Transaction Download
Download a filtered list of transactions for produce billing statements or import files for quickbooks.
Availability: All Versions
Payment Notifications
Receive email notifications when payments are made so you don’t have to login to know whether rent has been paid.
Availability: All Versions
On-Boarding Assist
Free assitance with entering properties and inviting renters to save loads of time when you first get started.
Availability: All Versions
Chargeback Notifications
Get notified via email if there is a dispute with a credit card payment or a returned bank draft.
Availability: All Versions
In-App Chat Support
Get immediate support when you need it so you don’t get stuck mid-task.
Availability: All Versions
Lease Document Management
Upload and access lease documents for each renter to create a permanent and consolidated record of your relationship.
Availability: All Versions
Control
Using PayRent as your rent payment app gives you more control over how and when rent gets paid, providing greater peace of mind than Zelle™ or direct ACH transfers.
Renter Account Ledger
Track every charge, credit and payment in one balance to help balance your books at a glance.
Availability: All Versions
Credit Card Acceptance Control
Allow or block renters from using credit cards to better manage your chargeback risk.
Availability: All Versions
Prevent Payment
Block unwanted payments from renters to keep an eviction process on track.
Availability: All Versions
Require Renters Insurance
Require proof of renters insurance or purchase insurance directly in our app to limit your liability and reduce insurance premiums .
Availability: All Versions
Split or Pass-Through Transaction fees
Absorb or split transaction fees with your renters to entice renters to use a rent payment app instead of cash or check.
Availability: Do-It-Yourself, Go-Like-A-Pro
Manual Transactions
Create manual charges or credits to be applied now or at a future date so that every transaction is accounted for.
Availability: All Versions
Additional Fee Assessments
Include security deposits or parking fees when you create your property and automatically add them to a renter’s account.
Availability: Do-it-Yourself, Go-Like-A-Pro
Frequently Asked Questions
Here are some of the most common questions people ask about our rent payment app.
If your question is not answered here, chat with us.
What payment types are accepted?
We currently accept direct bank transfers from any US bank along with Visa, MasterCard and American Express.
Is there a minimum number of units required?
You can start your account with just one unit. there is no minimum or maximum number of properties you can add.
Can I distribute funds to multiple accounts?
Each landlord account currently supports a single bank account as a settlement account.
How long does it take to get my money?
Depending on your service plan, it can take anywhere from 1-day to 7 days. Check out the different plans here.
How do I manage roommates?
For security and privacy reasons we do not allow users to share accounts. For roommates create two property records and invite each renter to their own account.
Are there any membership or subscription costs?
Depending on which service plan you choose, you may incur a monthly subscription or per unit fee. The details are outlined here.
Your Rent Payment App Awaits
If you’ve read this far, you should have all the information you need and nothing to lose. Getting started is easy and takes less than 5 minutes. Landlords can join for free and there are no long-term commitments.
