Pay Your Rent - Extract the maximum benefits of online rent payments

Through the online management software a property manager can customize his software to meet the rent collection needs.

BEVERLY HILLS, Calif. - (EINPresswire via NewMediaWire) - February 20, 2014 - Online rent payments scheme is probably the best solution to eliminate the time consuming tasks involved in the process of rent collection. The series of tasks can take a minimum of two days on an average. It starts from collecting rentals from the tenants and ends up with depositing the money in the banks. In between there are so many tasks that can be real cause of headaches for the property managers like keeping a note of those tenants who has paid their rent on time and also of those who fail to clear their rents on time. However if a manager offers the ease and convenience of online rent payments then his tasks will not only get drastically reduced but also he would find that the number of delayed payments is getting drastically reduced. On one hand he would be able to accept the fees and the security deposits online from his tenants and on the other hand he can make announcements to his tenants regarding the change made by him in payments via e-mail, publish the list of vacancies and even accept applications of rentals through this online mode of rent payments.

The features of online rent payments

The tenants can also manage their rent payments online with ease. It is rather a private and secured mode of rent payment. The biggest advantage is that they no longer have to prepare cheques and then go to the post office or the banks to deposit them. Even they don’t have to worry about the missing due dates of rent. The online rent payment system is designed in such a way that after the payment has been deposited the tenant would receive a transaction receipt through an e-mail as a proof that he has paid the rent payment. In addition to rent payments, the tenants can even update their personal information using this online scheme like they can change their phone numbers or other information and are able to easily communicate with the management.

The advantages of using the online mode of rent payments

Through the online management software a property manager can customize his software to meet the rent collection needs. Once a manager is ready to receive rent payments electronically then he can receive his payments through credit cards or debit cards or e-cheques. The manager can also offer the tenant the option of automatic withdrawing for the rent payments. Every time a payment is done by the tenant through the online mode, the payment of the tenant is recorded automatically. Thus a manager is always kept up to dated regarding the status of payment collection. The biggest advantage of online rent payments is that the privacy and the security of both the tenant and the property manager is maintained strictly with the assurance that all the information that are being stored or transmitted is kept protected all the time.

For more information regarding rent payments through the online mode please visit http://www.payyourrent.com/.