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Key Features
Rent Collection
PayRent is the safe and simple way to collect and pay rent online.
Tenant Applications
Fill your vacancies faster by accepting online applications.
Tenant Screening
Screen potential renters to ensure your property is in good hands.
Credit Reporting
Give credit where credit is due. Reward your renters for on-time rent payments.
PayRent Capital™
Access funds from our 75+ lending partners to fund the unexpected or grow your portfolio.
RentCred™
Reward renters for on-time payments and assist them when they need help paying.
Collect Rent How and When You Want
Being a hands-on landlord or property manager doesn’t mean you have to do everything by hand, let us lighten your load. PayRent gives you the tools you need to simplify your rental business. Our easy-to-use property management software automates tedious tasks and gives you full control of the rent collection process. Set rent due dates, add automatic late fees, accept credit card payments (or don’t), it’s all up to you. Here are some of the features our current users care about the most.
Key Features and Benefits
- Accept eChecks from any US-based bank or credit union
- Accept credit card rent payments at no cost to you
- Block partial payments
- Guard sensitive personal and financial information
- Independent settings for each property.
- Track important lease and insurance documents
- Manage additional charges and credits
- Enforce late payment policies
- Send rent reminders and past due notices
- Report rent payments to credit bureaus for free
- Access capital for unexpected repairs or expansion.
- Online rental applications and tenant screening
Tenant Applications
Get critical information about potential renters and their backgrounds through one of our in-app application partners. By looking at income and other financial situations, you can feel assured that the applicant will be able to pay rent each month.
- Personal and Household Details
- Employment and Income
- Residential History and Background
- Simple online application and fee acceptance.
Tenant Screening
The best defense is a good offense. Screening potential tenants minimizes the risk of property damage and rental income loss. Select a tenant screening service from our in-app marketplace of trusted partners.
Invite your applicant to complete the tenant screening form online and pay the fee. We verify their information and deliver the report to your inbox.
- Credit Score
- Criminal History
- Evictions
Rent Reporting
Tenants who pay their rent online through PayRent can report on-time rent payments to all three major credit bureaus for free.
Most renters enjoy a boost to their credit score, paving the way to lower interest rates, increased buying power, and better employment opportunities.
- Experian
- TransUnion
- Equifax
PayRent Capital
PayRent works with 75+ Lenders to generate capital offers to match your specific business needs. Use it for emergency repairs, property remodels, portfolio refinancing, cash flow issues, and more.
- No Application Fee or Obligation.
- Get the capital you need in as little as 24 hours.
- Put the money to work and grow your business.
RentCred™
It takes two to make a thing go right. Rent payments involve two parties so PayRent provides benefits to both renters and landlords who use the service. RentCred is a set of features that reward renters who pay their rent on-time through our rent payment app.
- Free Rent Payment Reporting to all three major credit bureaus
- Emergency, Interest-Free Loans for Rent
- Late Fee Forgiveness
All Features
RentDefense™
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.
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
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
Block Partial Payment
Require renters to pay the full balance due and gain greater control over your cash flow.
Availability: All Versions
Bank Balance Verification
Real-time fund verification before a payment is made virtually eliminates payments returned for non-sufficient funds.
Availability: All Versions
Schedule 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.
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
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
Instant Payment Acceptance
Payments are authorized immediately with confirmations sent to both parties so you know the minute rent is paid.
Availability: Do-It-Yourself, Go-Like-A-Pro
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
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.
Pay From Any Device
Our web-based rent payment app makes it easy for both landlords and tenants to use PayRent from any device.
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
Search and Filter
Fast, auto-suggest search capabilities on each screen allow you to quickly find properties, payments, or renters with less effort.
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
Intuitive Navigation
Simple navigation for both landlords and renters means fewer taps or clicks and a more intuitive and enjoyable payment experience.
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 to create a rent payment app that saves you both time and money.
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
Activity Feed
Track billing, payment and invite activities right on the home screen to see what’s happening at a glance.
Availability: All Versions
On-Boarding Assist
Free assistance with entering properties and inviting renters to save loads of time when you first get started.
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, click to quickly manage accounts that are current.
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
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
In-App Chat Support
Get immediate support when you need it so you don’t get stuck mid-task.
Availability: All Versions
Transaction Settlement Details
Payment details including settlement date to make bank reconciliation faster and easier.
Availability: All Versions
Lease Document Management
Upload and access lease documents for each renter to create a shareable record of your agreement.
Availability: All Versions
Automatic Rent Reporting
Report on-time and late payments to all three credit bureaus to increase your on-time payments.
Availability: All Versions
Transaction Download
Download a filtered list of transactions to produce billing statements or import files for quickbooks.
Availability: All Versions
1-Click Balance Reset
Reset a renter’s account balance to zero with a single click to quickly manage accounts that are current.
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.
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
Renter Account Ledger
Track every charge, credit, and payment in one balance to help balance your books at a glance.
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
Credit Card Acceptance Control
Allow or block renters from using credit cards to better manage your chargeback risk.
Availability: All Versions
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
Prevent Payment
Block unwanted payments from renters to keep an eviction process on track.
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 billing account.
Availability: Do-It-Yourself, Go-Like-A-Pro
Join thousands of landlords who found a
better rent payment app with PayRent.
Sign up and start taking payments securely in just minutes. No credit card required.
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 (echecks, ACH) from any U.S.-based bank or credit union, as well as Visa, MasterCard, Discover and American Express credit cards. Landlords are given the option to accept credit card payments.
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. We are currently working to speed up processing times.
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.
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.
Can I distribute funds to multiple accounts?
Each landlord account currently supports a single bank account as a settlement account. There is no limit to how many PayRent accounts you can have.
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.
