Benefits of Online Rent Payment Options for Tenants
As a forward-thinking property management company, we embrace a variety of convenient options technology offers. Of course, it’s not only for us—it’s of great benefit to landlords and tenants too. One such innovation that has saved many a hassle are online rent payment options. Below, you’ll find the primary benefits of online rent payments:
Convenience at your Fingertips
At last, gone are the days of writing cheques! With online rental payments, tenants can conveniently pay rent from the comfort of their own home—or even more conveniently, set up autopay to send rent payments automatically each month. At Clavis Property Management, we primary utilize EFT (or e-cheque) payments via Buildium. It’s a hassle-free process that saves both time and stress.
Enhanced Financial Management
Most online rent payment platforms additionally provide tenants with instant access to their payment history and transaction details. In addition, tenants can instantly access and download their payment history or rent receipts. With this added level of transparency, tenants can efficiently track their rent payments and stay on top of their financial commitments.
Secure and Reliable Transactions
No doubt, security is a top priority for both tenants and property management companies. Online rent payment platforms offer secure payment gateways and encrypted transactions to safeguard sensitive financial information. Tenants can now have peace of mind knowing their personal and financial data are protected.
Improved Communication
Online rent payment platforms will often include built-in communication features, such as Buildium does. This offers a seamless interaction between tenants and property management, allowing tenants to easily reach out with any payment-related inquiries from the same account.
How to Set Up
If you’re a tenant with Clavis Property Management, setting up your own online payments is a simple process. After receiving your Buildium welcome email, sign into your account. On your account dashboard, you’ll see two options:
To submit a one-time rent payment, select “Make payment.” To set up automatically scheduled rent payments on a specific date of each month, select “Set up autopay.”
From here, fill in your banking information, as well as the desired payment amount and date of the transaction. If scheduling recurring payments, the date will be the next date your rent is due. Afterward, rent payments will automatically deduct on that same date each month. Finally, confirm your details, submit the payment, and you’re done! It’s as easy as that.
From the convenience, financial management benefits, security, and simplified record keeping, offering online payments is a great advantage for any established property management company. At Clavis, we always prioritize adopting modern solutions in order to provide our tenants with a seamless rental experience.
