RentMonitor does online rent collection like it’s never been done before. Simply tell RentMonitor which rent payments you’d like to collect and who you’d like to collect them from, and let RentMonitor do the rest. From sending rent notices and invoices to your tenants to reminding them when payments are late to actually collecting the payment, RentMonitor takes the hassle out of collecting rent. Learn a bit more about how RentMonitor makes online rent payment so easy below.
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RentMonitor is designed to be easy to use regardless of your technical expertise. In just a few simple steps, you can have your rental properties, renters, and payment information entered. Have a lot of units or questions? No problem, we’re here to help!All of your information is securely stored on our servers so there’s never any software to download or updates to make and it’s safe if your computer decides to quit.No need to go through a laborious paper-heavy approval process either. A short (and secure) online application can provide almost instant results!
Renters often pay their rent late because they simply forget to pay on the due date. RentMonitor protects against this by reminding your tenants 3-days before the rent is due.We email your tenants professional invoices on your behalf. They are customizable and can include a personal message from you or additional line items like parking, utilities, or pet rent.This communication helps you build a better relationship with your renters and they’ll appreciate your professional approach to helping them remember the rent is due before it gets to the dreaded late fees.
ACH transactions are a secure way to transfer money from your renter’s bank account directly to your bank account. All without you having to lift a finger.Stop chasing checks and waiting by the mailbox! Rent payments can be set up to debit your renter’s account on the due date each month. Funds are electronically transferred without the hassle of merchant accounts.Plus, you no longer have to endorse checks or waste time and money taking them all the way to the bank. Your mailman will be happy too because they’ll stop getting blamed for “lost” checks.
Once your renters have paid rent, it would be nice to send them a receipt wouldn’t it? Well, now you can! In fact, not only will your renters receive a confirmation number for their online rent payments, they will also receive a professional receipt delivered straight to their email inbox.In addition, landlords receive an emailed copy too so they know when a renter’s payment has cleared. Imagine getting paid and being notified without having to be tied to your desk!RentMonitor’s online rent collection software does just that. The possibilities are endless!
Every once in a while there will be that one tenant who does not pay rent on time. You don’t want to have to waste your precious time reminding your renters of their responsibilities.When you do finally get ahold of them it’s hard not to feel pity for their situation. You might want to waive those late fees, but this is your business and those fees should be assessed.So have RentMonitor do it for you. We’ll follow up with emails and automatically add the late fees to your renter’s account. Go ahead and blame us for being the bad guy. We don’t mind.
At the end of the month you want to know where you stand. But with RentMonitor you don’t have to wait that long. Our reports are real time and can be filtered based on the rental property, renter, or date range you desire.We include the most common reports like rental property statements, delinquencies, renter statements, and collection reports. See what’s been collected, what’s pending, or what’s still outstanding with a few clicks of the mouse.Stay on top of your business from anywhere and access your data whenever you want.