Online Rent Collection: The Definitive Landlord Guide

landlord reading online rent collection guide on her phone

This is the Landlord Gurus definitive guide to online rent collection for landlords. Stop waiting for rent checks to arrive in the mail. No more filling out deposit slips at the bank. Get your rent deposited directly into your bank account – on time, in full, every month. If you want to collect rent online, read on!

CONTENTS

  1. Introduction
  2. The Benefits of Online Rent Collection
  3. How to Collect Rent Online
  4. The Best Online Rent Payment Services
  5. Rent Payment Software
  6. Conclusion
  7. About Landlord Gurus

CHAPTER 1: Introduction

Property management software can be a useful tool for small and independent landlords to effectively run their businesses.

We have written product overviews of several top software products. Each offer solutions for a variety of standard property management tasks. These include advertising and applications, tenant screening, lease signing and rent collection, and more.

In this complete guide to online rent collection, you will first learn the benefits of collecting rent online. Additionally, we discuss why it is safe to do so. We also walk you through how to collect rent online and introduce several of the common online rent collection tools available to landlords. And we present a detailed analysis of several of the top online rent payment services that make it easy for you to collect rent online.

Here we compare how each of them handle online rent collection from a landlord’s perspective. We compare them across a variety of factors and then determine the best online rent payment service for small landlords. We hope you will understand the benefits of online rent collection and can begin to collect rent online right away.


CHAPTER 2: The Benefits of Online Rent Collection

Technology is constantly progressing to where managing daily tasks is moving online more and more each day. That’s no different when it comes to collecting rent on your rental properties each month.

There are many reasons utilizing an online rent payment service might be beneficial to you. Factors such as safety, security, and documentation make online rent collection a great way to protect yourself and your investment.

Time and labor savings

One of the more compelling reasons for busy landlords to collect rent online is the time and labor savings you can achieve. Time spent at your rental can be better used to inspect and maintain the property and improve relationships with your tenants rather than tracking down rent checks.

And instead of logging each received payment into a ledger or spreadsheet and then going to the bank to make a deposit, you can focus on other aspects of your rental property business to increase efficiency and profitability.

Dangers of handling cash

Accepting rent in cash is problematic. It cannot be documented, can be lost, and can easily be stolen if someone catches on to your pattern.

No more missed rent payments

Tenants no longer need to remember to write a rent check.  Many of these apps allow residents to set up automatic, recurring rent payments. As a result, you can be confident that rent will deposit directly into your bank account on time, in the correct amount (you can even include utility charge-backs and other fees), every single month.

This has become invaluable in helping to eliminate late and missed rent payments.

Forget about billing for late fees, bounced checks, and constantly reminding tenants when rent is due. Automated rent collection software will do all those tasks for you.

Integrate online rent collection and accounting

On top of the time and labor savings, online rent collection allows landlords to integrate income receipts directly into their bookkeeping and accounting tools.

Most rent payment systems show records of rent paid as well as rent that is late or outstanding. Other common features will include automatic late fees, payment status notifications and ongoing payment history.

More robust rent collection tools can also sync to your bank accounts as well as provide income statements, cash flow, rent rolls, rental property metrics, and even tax worksheets and reports.

Experienced investors know that this kind of transparency into their portfolios helps make better decisions regarding their rental property assets.

Are Online Rent Collection Services Safe?

At the end of the day, financial security is the most important thing. This relates to safe online rent payment transactions as well as keeping yourself safe from potential online threats. If you choose to collect rent online, you want to use a rent payment service that will protect your security.

With an online rent collection service, you’re less likely to fall victim to somebody that’s trying to scam you. You also remove the opportunity for major disputes. When somebody doesn’t pay, you have proof that you never received their rent.

Most online rent payment services will collect rent from a person’s bank account before they deposit it to yours. This ensures they have the funds to pay and helps you avoid half-payments with cash or checks that may bounce.  Online rent collection makes things more convenient and provide safety for both the landlord and tenants. Both parties are able to see balances and make transactions from a computer or mobile device.

Many renters even prefer making their rent payments online because it allows them to treat it like any other bill. With the best online rent payment services, tenants can even automatically schedule recurring rent payments every month. No more collecting rent payment in person, planning around work schedules, or worrying about lost checks in the mail.

Plus, it helps provide documentation of payments for all parties involved.

Other Benefits of Online Rent Collection

While you’re contemplating the benefits of using property management software to collect rent online, here are a few other perks that make it worthwhile.

  • Different management software will allow you to set up monthly reminders when rent is due. This can notify your tenants to make sure they have their accounts funded before the due date.
  • These services speed up the process of getting your deposits. You don’t have to look for tenants, and you can get the money directly deposited into your account.
  • You can more reliably evict tenants when needed by having a record of missed rental payments. This works well for keeping up with records and invoices. It removes the lack of documentation that comes with accepting cash.
  • Landlords are able to require tenants to buy renter’s insurance. In some cases, they can purchase it directly through the site.
  • Most services provide listing syndication where vacancy advertisements automatically post on other sites such as Zillow, Realtor.com, or Craigslist. Some can even help schedule showings for you.
  • Potential tenants can easily apply from the listing ad and pay for screening reports directly.
  • Some property management software products also can help with maintenance requests and schedule appointments with service professionals.

CHAPTER 3: How to Collect Rent Online

Here are the common ways landlords are collecting rent online as well as some of the advantages and pitfalls to keep in mind.

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ACH vs EFT vs eCheck

You may have seen these terms used before and are not sure what the differences are. In fact, we often use them interchangeably.

  • EFT stands for Electronic Funds Transfer. This represents any type of payment that is made electronically. This can include ACH transfers, wire transfers, eChecks, and more.
  • ACH is an Automated Clearing House transfer. This is a specific type of electronic payment between banks that uses the ACH network in the U.S. ACH payments include an added level of security, and can sometimes be reversed if there is a payment error.
  • eCheck is short for Electronic Check and is a specific type of ACH payment. In a broad sense, eCheck is often used to mean any type of EFT payment, with the same set of benefits you get over paper checks: faster, cheaper, and safer.

In other words, ACH, EFT, and eCheck all refer to the same process of electronic transfers. All offer the same benefits and allow you to receive rent payments into your bank account without the hassles or dangers of handling cash or checks.

Peer-to-Peer Online Rent Payment Systems

There are various payment platforms these days that make sending and transferring money a breeze. They all essentially aim to make the transfer of funds as quickly and painlessly as possible. Though there are definite risks with using a peer-to-peer payment system, many landlords and tenants use these convenient options to collect rent online.

We have listed below many of the popular payment systems for rent collection, along with their pros and cons.

Zelle

Zelle is newer to the scene when it comes to banking. Unlike other online rent collection options, they work directly with various banks. When somebody sends money using the app, it sends you a notification and directly deposits the money to your bank account – if you already have an account within the app. If you don’t, no worries, you’ll receive a notification via email or text to help you set up your account. Once you do, you can access your money and transfer it to any other account you like.

One difference between Zelle and other options is that they don’t allow you to link credit cards. For some tenants who like the idea of racking up credit card reward points, this may be a deal breaker. Zelle also comes with a daily transfer limit, so tenants may have to schedule payments over a couple of days.

This leads to another issue with Zelle and some of the other peer-to-peer payment apps: If tenants pay their rent across multiple payments and days, landlords may not be able to block partial payments. In some locations, you may not be able to start the eviction process once you’ve accepted some of the rent money.

Warning: If a tenant sends a partial rent payment, landlords in some locations may not be able to start the eviction process.

PayPal

This ubiquitous payment service has been around since 1998, and over the years, it has changed the way businesses work. You can send invoices, request money on jobs with ease, and transfer the money into your account immediately. For landlords, we recommend setting up a business account separate from your personal account so you don’t commingle funds. You can keep track of your invoices conveniently, as well as take advantage of the platform’s payment protection plans. This is great for tax season because it allows you to have access to everything you’ve made at the touch of a few buttons.

The major disadvantage with PayPal is that every business transaction comes with a fee, which can add up quickly. Similarly, landlords cannot block partial payments, making potential eviction proceedings difficult.

Cash App

Released in 2013 by the payment processing company Square, this app didn’t start gaining popularity until recent years. Its set up allows you to directly connect a bank account for transfers. You can also enable direct deposits to make online rent collection even easier. Cash App users can also request a Visa debit card linked to an existing bank account.

The downsides to Cash App are that users are limited to how much they can cash out per week. This may be a particular issue for landlords with more than a couple of rentals. Additionally, tenants need to be extra careful when entering your payment information. If there is a mistake, their money can be transferred to the wrong account, with little recourse to get the funds back. Should a tenant claim they paid their rent but you never received it, this could be a major hassle to sort out.

Direct Bank Transfer

While these can be a little more difficult to set up, tenants can send rent payments directly to your rental property bank account. Because direct deposits require providing your tenants with personal details such as bank routing and account numbers, many people fear that these can be unsafe or insecure.  Like with some of the other peer-to-peer options described above, there are no means to restrict a partial rent payment. A tenant might use this to send just a small amount each month without fear of eviction.

Property Management Software

Many landlords and tenants both see peer-to-peer payment apps and direct deposit options as cheap, simple, and easy to use methods for their online rent payments.

However, rental property management software may be the better option for online rent collection. Services like Avail, PayRent, and TenantCloud are safe and secure way to collect rent online, and provide you with a range of other property management features to help you run your rental business.

You can gain access to other valuable features such as advertising and listing, tenant screening, online applications, lease signing, maintenance management, financial reporting, and more.  These software tools truly take many of the hassles out of being a landlord, and protect both you and your tenants.


CHAPTER 4: The Best Online Rent Payment Services

We graded the top rent payment software tools across several key online rent collection features.
These are our winners:

Best Overall Online Rent Collection System (Tie):

While we generally favor online rent payment products that do not require a subscription to use, Rentec Direct made up for the required monthly subscription by scoring highest in 2 other categories.

By offering the most (along with Buildium) payment options (including cash) for tenants along with the fastest deposit times for receiving rent payments, Rentec Direct is one of our winners for the best online rent payment service overall.

Rentec Direct
Designed to address the needs of DIY landlords as well as property management companies, Rentec Direct includes all the tools necessary to manage and rent your properties. Strength: Complete Solution

Avail also is one of our winners for the best online rent payment service overall. With next day FastPay ACH transfers included for Unlimited Plus subscribers and 2-day deposit times for all others, Avail offers a fast and convenient rent payment service.

Additionally, landlords do not need to be a paid subscriber to access Avail’s online rent payment service. At $2.50 per transfer that your tenant can pay, a landlord has the opportunity to collect rent online at no additional cost.

Avail
Advertise your property, find and screen tenants, sign leases, collect rent, and e-sign custom local leases, with tools built specifically for DIY landlords. Strength: Complete Solution

Lowest Cost Online Rent Collection Software:

If reducing your out-of-pocket expenses is the most important aspect, PayRent is an excellent option, depending on your portfolio size.

PayRent is a service that focuses exclusively on online rent payments. As a result, they offer a unique product that makes it easy and safe for landlords to collect rent online.

No subscription plan and a simple pricing structure means no ongoing monthly payments. Choose to pass-through transaction fees to your tenants, and your rent payment fees are $0 forever.

Finally, you can use PayRent to collect rent online for unlimited properties.

PayRent
With no subscription plan and a simple pricing structure, PayRent helps property owners and managers collect rent online safely, reliably and automatically. Strength: Rent Collection

Best Online Rent Collection for Large Portfolios:

If you manage a large building or several properties where online rent collection is a priority, Buildium is your best option.

While both the Core and Pro plans are the most expensive subscriptions presented here, landlords can spread the cost out over dozens or even hundreds of units if they roll out this software product to every resident.

Buildium offers multiple payment options for your tenants and provides the flexibility for landlords to offer a choice of recurring payment dates. As a result, this makes it easier for tenants to pay rent on time.

The reporting is robust and offers a multitude of features that larger property managers and owners can use. Therefore, Buildium earns the top spot in our rankings of online rent payment services for landlords with large portfolios.

Buildium
Whether you manage five doors or five thousand, Buildium provides a simple but sophisticated property management platform to help you grow and improve your business. Strength: Complete Solution

Related: The Best Online Rent Payment Service for Small Landlords


CHAPTER 5: Rent Payment Software

We considered the following top rental property management software products for the best online rent payment service. We specifically looked at features such as Payment Options; Automated and Recurring Rent Payment Scheduling; Speed; Cost; and Tracking and Reporting. We also gave a bonus point to software that reports late and on-time rent payments to the credit reporting agencies. Our detailed reviews of each product follows:

Avail
Advertise your property, find and screen tenants, sign leases, collect rent, and e-sign custom local leases, with tools built specifically for DIY landlords. Strength: Complete Solution

Payment Options

Tenants can pay however they want, from bank accounts or credit cards. They can also pay from any device that has access to the internet. Getting started is simple. Enter the rent amount and lease dates, your tenant’s name and email, and Avail will handle the rest.

Automated/Recurring Rent Payment

Tenants can turn on Autopay to schedule recurring online rent payments. They simply choose a date to withdraw the funds, and Avail will deposit the funds directly to your account.

Speed

Payments typically deposit directly to your bank in just 2 business days, faster than a check and without the hassle of a trip to the bank. With Avail’s Unlimited Plus premium plan, next day rent payments are available to landlords at no additional cost.

Fees/Cost

Using Avail’s free Unlimited plan, ACH transfers cost $2.50 per transaction. With the premium Unlimited Plus plan, landlords receive free ACH transfers.

With either plan, credit or debit card transactions are charged a 3.5% transaction fee. To compare pricing across the different online rent payment services, let’s take look at a landlord with 5 units. With the free plan, the cost would be $12.50 per month, which can be paid by either the landlord or tenants. With the paid plan, the monthly subscription fees would cost $25/month but rent collection costs would be $0.  The subscription comes with additional benefits, not to mention the fact that it’ll pay for itself once a landlord reaches 10 units.

Tracking/Reminders/Reporting

Avail offers automatic reminder emails and built-in payment receipts. Late fees can be automatically assessed as well. Landlords have access to payment tracking and reporting, though integration with your accounting or bookkeeping software may be limited.

Bonus – Credit Agency Reporting

Avail can report your tenants’ on-time rent payments to Transunion with their CreditBoost service. Your tenants may see up to a 40 point increase in their credit score.


Buildium
Whether you manage five doors or five thousand, Buildium provides a simple but sophisticated property management platform to help you grow and improve your business. Strength: Complete Solution

Payment Options

Residents authorize their bank accounts or credit cards to make online rent payments. Together with PayNearMe, Buildium also lets residents make cash payments at over 20,000 locations nationwide.

Automated/Recurring Rent Payment

Residents can set up a recurring online rent payment schedule and can choose from a multitude of frequency options including one-time, every month, every two weeks, daily, and more. Rent will never be late, because it’s deposited into your bank account automatically.

Speed

Online rent payments using EFT/eCheck or credit card will be deposited into your back account 2 business days after the resident makes a payment through Buildium. Landlords can request faster EFT deposits for a small fee between $1.00-1.45 per transaction.

Money deposited via PayNearMe transactions will be deposited into your bank account within 5 business days without any risk of reversal.

Fees/Cost

You must have a subscription to one of Buildium’s paid plans, starting from $47/month for the Core plan and $156/month for the Pro plan.

With Buildium, our landlord would pay $47/month for the Buildium Pro plan. For 5 units, she would then pay $5 for ETF transactions each month, but those could be passed on to her tenants. As a result, the total combined cost would be $52/month, not including the $99 bank setup fee.  Buildium does a great job helping landlords with a few units, and also provides very sophisticated features for those whose portfolio has grown.  The larger the unit count, the more affordable Buildium becomes.

Tracking/Reminders/Reporting

When a resident has a one-time or recurring payment scheduled, they will receive an email seven days in advance notifying them of this upcoming payment.

Completed transactions will automatically post to your Buildium account within minutes — no manual entry required. As a result, landlords spend less collecting, depositing, and logging cash payments.


ClearNow
ClearNow is a leader in online rent payment, serving landlords and property managers of all sizes since 2000. Strength: Rent Collection

Payment Options

Tenants can pay from their checking or savings accounts only. However, tenants do not need a computer or Internet access to use ClearNow. They simply complete their Tenant Enrollment Agreement (online or printed form) and send in their bank documentation to begin.

Automated/Recurring Rent Payment

Tenants can pay biweekly, semimonthly, or monthly. Each ClearNow account debits on a specific day and credits to a specific bank account. ClearNow is unique in that landlords can specify their own debit day: 1st of the month; 5th; 15th; 25th; Biweekly (every other Tuesday); or Semimonthly (3rd and 17th).

Speed

Three banking days after the debit day, your bank account is credited the rent amount, less any ClearNow fees. However, there are no options to expedite payment.

Fees/Cost

There are no set-up fees and no long-term contracts. Fees are charged to the landlord when ClearNow attempts to debit a tenant. With no option for tenants to pay, ClearNow then deducts fees directly from the transaction.

Monthly debit: $14.95/month for one debit. Each additional debit is $2/month.

Biweekly or semimonthly debit: $4/debit.

Additional account for monthly debit on a different day: $7.95/month for one debit. Each additional debit is $2/month.

Tracking/Reminders/Reporting

Tenants receive payment reminders. On the credit day, a payment report is sent to the landlord via email.

ClearNow will notify you via e-mail of tenants who failed their debit via ClearNow, in which case they will need to pay their rent directly to you in another form such as a check or money order. ClearNow will not re-attempt the debit for that particular payment, but they may assess a fee to the tenant for the failed debit.

You can download ClearNow payment data as a CSV file. There are also additional reports based on income and expense tracking, such as profit and loss statements. One report in particular, the Schedule E Helper, makes completing the Schedule E of Form 1040 simple at tax time.

Bonus – Credit Agency Reporting

Tenants enrolled in ClearNow may report their rent payments to Experian RentBureau and PRBC.


Landlord Studio
Accounting and property management tools to save time and money while managing your rentals. Track income and expenses, screen tenants, collect rent, and more. Strength: Accounting and Financial Tracking

Payment Options

Tenants can pay rent from a connected bank account. Once you set up online rent collection, your tenant will receive an email with a link to follow to create an account and connect their bank account. Their rent owed will show up on their dashboard where they can setup payments.

Automated/Recurring Rent Payment

Once your tenant has created their account they can turn on auto-pay and set the payment to be made the same time each month. This will schedule all ongoing payments to be deducted from the their account until the lease end date. Tenants can turn off auto-pay using the Automatic Rent Payment Toggle at any time.

Speed

It currently takes between 3-5 days for payments to be processed and funds to be received into your account. However, Landlord Studio is looking into options for instant transfers.

Fees/Cost

Landlord Studio charges $2.50 per transfer. For a landlord collecting rent from 5 tenants, this would come to $12.50 per month, plus a $14 monthly subscription for their lowest priced “Start” plan, for a total of $26.50.

Tracking/Reminders/Reporting

This is where Landlord Studio shines. Landlords can integrate their bank accounts and get automatic income reconciliation. Landlord Studio ties into their leases and accounting software, and provides automated rent reminders, late fees, and more.


PayRent
With no subscription plan and a simple pricing structure, PayRent helps property owners and managers collect rent online safely, reliably and automatically. Strength: Rent Collection

Payment Options

Your tenants will have a choice of either e-check or credit card payment methods. Add your tenants to the platform and PayRent will send out an email invitation for them to join the service then help them through the process of adding a payment method.

Automated/Recurring Rent Payment

Working late or going on vacation shouldn’t stop your tenants from making their online rent payment on time. Let them set up a one-time future payment, or weekly, semi-monthly or monthly recurring payments so you know your rent will be paid no matter where they are or how busy they may be.

Speed

PayRent can deposit your rent payments to any bank with branches in the United States, usually within 5-7 days from when rent payments are made. There is also a new express option for 3-day payments.

Fees/Cost

There is no monthly subscription cost to use PayRent’s pay-as-you-go online rent payment service. They simply charge 0.4% per transfer, which the tenant can pay directly. With our sample 5-unit landlord at an average unit rent of $1500 per month, the rent collection costs would come to $30.

PayRent also offers a new premium plan for $49/month for up to 10 units that gives landlords free ACH transfers and faster 3-day express funding.

Tracking/Reminders/Reporting

PayRent sends automated rent reminders to your renters which helps avoid last-minute confusion and stress. You will also receive instant email notification when rent is paid as well as full accounting and tracking of rent payments. There do not seem to be other reporting features that some of the other services offer.


Rentec Direct
Designed to address the needs of DIY landlords as well as property management companies, Rentec Direct includes all the tools necessary to manage and rent your properties. Strength: Complete Solution

Payment Options

Rentec Direct makes it easy for tenants to pay rent using their credit card, debit card, or bank account. Tenants can also make cash rental payments at one of over 20,000 locations that are part of the PayNearMe cash network.

Automated/Recurring Rent Payment

You or your tenant will login to Rentec Direct and specify the frequency the rent payment should occur, either monthly or weekly, and on what day to process the transaction. Rentec EasyPay also supports one-time transactions. On the specified date, Rentec deducts the rent from the tenant’s checking or savings account and after it clears a few days later forwards it to the property manager’s account.

Speed

Rentec Direct transmits credit card payments to your bank account the day following the transaction.

ACH funds are transmitted the day following the transaction. You can also get same day funding of ACH transactions for a fee of $0.50 per transaction.

Fees/Cost

Free ACH transactions are included with a Rentec Pro or PM subscription.

No setup costs or other monthly costs. Expedited same day ACH funding costs $0.50 per transaction. The Rentec Basic option does not include the ability to collect online rent payment though. Subscription fees for Rentec Pro start at $35/month, and $40/month for Rentec PM. In this case, our small landlord with 5 units would just pay $35 each month if she were to sign up for the Rentec Pro plan.

Credit card payments are billed at 2.75% of the transaction cost. This can be paid by either the tenant or landlord.

Cash payments through the PayNearMe cash payment network have a $200 setup cost, and tenants pay $3.99 per transaction. There is no monthly cost, but a minimum of 10 payments per month is required.

Tracking/Reminders/Reporting

All of the packages from Rentec Direct include financial tracking and reporting options. You can also connect your Rentec account with your bank to download and sync your online rent receipts into Quickbooks. Rentec Direct also offers a variety of specialized property and owner reports you can email, print, download or export.


RentRedi
RentRedi is an all-inclusive landlord-tenant app. Manage vacancies, screening, and rent collection from wherever you are, on any device. Strength: Complete Solution

Payment Options

Tenants can pay with a choice of ACH, debit, or credit card. Landlords can also choose which method of payment they are willing to accept.

Automated/Recurring Rent Payment

Tenants can choose to enable auto-pay and schedule recurring rent payments for the same date each month.

Speed

While it initially takes 7-10 days to activate a new payment account, once that is complete, payments are received in 1-3 business days. There is no option for expedited payments though.

Fees/Cost

Rent payments are charged $1 per transfer using ACH payments. A landlord with 5 units would pay $5 plus a subscription fee of $9/month (if paying for an annual plan). Credit and debit card transactions are charged a 2.9% + $0.30 transaction fee.

Tracking/Reminders/Reporting

RentRedi will send automated rent reminders to tenants, set up automatic, recurring late fees, and export transactions directly to spreadsheets, Quickbooks Online, Desktop, or Pro. Landlords can also block or accept partial payments, or even assume processing fees if they choose. For landlords who require flexibility, RentRedi provides multiple options.


TenantCloud
End-to-end property management solution. Receive payments online, advertise properties and screen potential tenants. Robust accounting and maintenance features. Strength: Complete Solution

Payment Options

With the TenantCloud free plan, your tenants can pay with a credit or debit card using Stripe or PayPal. With one of the paid plans, you can accept ACH using TC Payments powered by Dwolla, PayPal, or any other debit and credit card payments.

Automated/Recurring Rent Payment

Tenants that have set up TCPayments can also enable Auto Pay to make rent payments automatically on before the due date.

Speed

An ACH transaction usually takes 3–4 business days to complete. Transfers to your bank account takes another 1-2 business days, longer if they are over a weekend or holiday.

Fees/Cost

With the TenantCloud free plan, landlords can only accept rent using Stripe or PayPal. Stripe is a credit card processing system which enables you to receive/make payments with all major cards from/to customers around the world. However, this requires the setup of a business account with either Stripe or PayPal in order to be able to receive funds. Both Stripe and PayPal charge 2.9% of the transfer amount, plus $0.30 per transaction. These fees are paid by the tenant.

To access free ACH transactions using TenantCloud’s TCPayments system, landlords must first subscribe to one of TenantCloud’s paid plans. The standard plan costs $9 per month for up to 150 units under management while the advanced plan allows for 500 units and is $35/month. A subscription also unlocks features described above such as Auto Pay and more.

Tracking/Reminders/Reporting

TenantCloud has robust reporting and accounting features to help you keep track of all your income and expenses. Tenants can pay rent and get automatic receipts as well as look up their payment history. There is also automatic invoicing and late fees, as well as financial and rental reports, and simple exporting of your data as needed.

With TenantCloud’s $35/month Advanced subscription service, you can even sync your data with QuickBooks.

Related: Collect rent online: 8 tips to choosing the best service


CHAPTER 6: Conclusion

All of the options we’ve listed offer a slightly different experience when it comes to receiving rent payments. Each of them helps take the stress out of collecting rent payments every month. Take a spin with one or more of the best online rent payment systems outlined above, to see which service best fits your needs.

smiling landlords after collecting rent online

CHAPTER 7: About Landlord Gurus

At Landlord Gurus, our commitment is to provide expert advice on the complex and important issues faced by landlords and property managers. Together we have over 30 years of experience in residential property ownership and management. In addition to sharing our own expertise and experiences, we call on specialists in fields including maintenance, law, tenant management, and more. Where we see topics that require more in-depth discussion, we create insightful articles that provide valuable information and guidance.


Disclosure: Some of the links in this post are affiliate links and Landlord Gurus may earn a commission. Our mission remains to provide valuable resources and information that helps landlords manage their rental properties efficiently and profitably. We link to these companies and their products because of their quality, not because of the commission.