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Are You Securely Collecting Rent Payments?

Ammon Tenant Paying Their Rent OnlineIf you are not utilizing a secure online system to collect your rent payments, you can be placing your cash flows and your tenant’s bank information at risk. One of the most serious challenges that Ammon rental property owners oftentimes experience is collecting rent payments. This real issue is compounded if you are still expecting traditional methods of payment, like personal checks. This has to do with the fact the process of collecting a check has an awful lot of potential delays and, increasingly, security concerns.

Whether the rent check is late due to mail delays or waiting for your bank to clear it, or you’ve been the victim of mail theft and had a rent check go missing from your mailbox, it’s hard to justify adhering to a system in which countless things can go bad. If you are not already securely collecting rent payments, you really should be. Let’s look a little closer at a few of the top reasons why.

Tenant Convenience

One of the leading causes to switch to collecting your rent payments online is that tenants want it. At these times, quite a lot of tenants like the convenience of paying all of their bills online, including their rent. Numerous people actually want to automate their monthly payments, reducing the chance of forgetting or paying late. It similarly extends tenants an approach to use a range of payment methods to pay their rent, rather than relying only on a physical check dropped in the mail each month.

Improved Cash Flows

Receiving rental payments online furthermore commonly results in more timely payments, with deposits rolling in days faster than it takes to clear a personal check. Subject to the payment platform, you may additionally be able to ensure the payment status even before it has landed in your account. Wait times are exceedingly decreased, letting you spend less time on your collections process.

Better Security

Quite a lot of today’s suitable online rental payment programs give enhanced security features that are formed to protect your tenant’s sensitive information. With an awful lot of ways to fall victim to identity theft and fraud these days, just getting a tenant to pay you securely may make them feel a lot better with respect to sending those payments in each month. Anything you can do to add to your tenant’s safety, big or small, is sure to be received with gratefulness and real appreciation. And a happy tenant stays in their rental home longer.

Peace of Mind

While countless different platforms provide online rental payments, you may be considering which one to choose. Various options will charge a fee to use their services and may likewise add in a long-term contract. They equally make numerous claims as regards convenience, quality, and security; adding more to the confusion is that most rental payment platforms are definitely so new that it can be hard to figure out if they live up to their advertising. Online rental payment scams do exist, so it’s necessary to conduct your homework before signing up for services.

If you are uneasy as to who to trust with your monthly rent collection, go check the benefits of hiring Real Property Management Southeast Idaho to handle it for you. Our secure proprietary software gives tenants the convenience of making online rental payments and extends property owners like you total peace of mind. Keeping abreast with quality, security is one of our first priorities, and something few other Ammon property management companies can offer. Simply stated, we have the tools you need to make monthly rent collection happily one of the easiest parts of owning profitable investment properties.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.