How does renting suck? Let me count the ways:
- Hunting for an apartment on Craigslist that comes with a roof and without a rat infestation
- Ending up with a roommate whose idea of “cleaning up” is moving the giant pile of dirty clothes from the floor to the bed
- Upstairs neighbors who think the perfect time to vacuum is at 3 a.m.
- Being forced to reorder checks for the express purpose of paying rent to a landlord who refuses to accept online payments
I could go on, but rent is due today and I’ve had enough. The ’90s have been over for nearly two decades, and it’s time to let your precious checks go the way of the Backstreet Boys and shoulder pads. It’s time for you to implement mobile payment.
If you’re worried that using a property management software solution would be too expensive or too much of a hassle, think again. You may not need software as sophisticated as you think you do – especially if you only own a couple of properties. All you need is an easy way to keep track of your renters information and get paid.
Sound too good to be true? It isn’t. Here are four ways using mobile payments can make renting suck less for both of us:
- You get paid on time. Most, if not all of your tenants have a smartphone glued to their hand at all times. Because of this, they’re much more likely to pay you on time if you let them use said smartphone to do so. The rest of your tenants’ lives are organized by their iPhones – it’s time their housing was too.
- You can easily track payments and send digital receipts. Your renters are sick of you losing their check and claiming that you never got paid. With mobile and online payments, renters get a receipt emailed to them immediately after they make a payment, and you can track any and every dollar the second it comes in.
- You can implement autobill. This means that the rent is deducted from your renters’ bank accounts automatically on the same day every month. Less for us to have to think about, less for you to have to stress about. Set it and forget it.
- You can view a renter’s entire history in a single click. Need an address for that deposit? Need to check whether a tenant had any late payments this year? No more digging through messy files – all of your renters’ information is neatly stored in the app so you can check any detail, anytime.
So, dear landlord, if you’re tired of being seen as the villain, please know that we’re tired of it, too. It doesn’t have to be this way. Make your life (and ours) a whole lot easier and switch to mobile payments. And in return, I might not try to sneak a cat into the apartment. Maybe.
P.S. Looking for a free Yardi or Buildium alternative? Sign up for Zipbooks today to start managing your properties the smart way – for free.