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Today tenants appreciate having payment options that they did not have before. Payment options such as VENMO, ZELLE, bank transfers or simply sending your rent check to our offices is very convenient.
Another option that we have been asked a lot with this of the Covid 19 is payment by PayPal. Because the payment by PayPal: because it allows the tenant to pay their rent with their credit card and it has a minimum cost or almost zero. It also allows them to earn miles on programs like airlines or American Express.
Another great favorable topic of online payments is that they can be programmed. Many tenants have taken the option to leave rent payments already scheduled in their banking system before the 5th day before their rent is due, thus avoiding the payment of surcharges that are generally stipulated in rental agreements.
The payment of the rent through these platforms mentioned above are very convenient and most importantly very safe. For young platforms like Venmo they are for daily use. Sometimes it happens that depending on what type of account you have, you can pay a maximum of $ 1,000 dollars per day. If the rent exceeds $ 1,000, for example a rent of $ 1,500 would have to be made in 2 payments. Just telling the property management company that they will receive 2 payments in two consecutive days is enough.
More than 68% of tenants pay electronically each month.
