Why Tenants Want to Pay Rent Online

by Andrea West


Posted on 2017-08-22 12:17:54


Maybe you’re a landlord who is just fine updating rent payments in paper accounting ledgers, you enjoy the one or two days a month that you run all of the rent checks to the bank, and your filing system with all of the rent applications and tenant leases you have accumulated over the years is immaculate. For someone like this, it may be difficult to understand why your residents keep asking you if there is an option to pay online.

If you are one of these landlords, read on to discover the secret inner workings of those who prefer the convenience of computer technology to take care of their rent for them.

  1. This way they have an option to pay with their bank account or a credit card. It’s nice to have different options available.
  2. They also don’t have to worry about mailing their rent payment, make a stop at the rental office, or try to get a hold of you. There is no relying on another person to make sure their rent makes it in on time.
  3. They can either use their computer or phone to pay rent, whichever is most convenient.
  4. And if they use their computer or phone a lot, the online notifications about rent are a handy reminder that the due date is coming up.
  5. It’s nice for them to be able to pay rent the moment they think about it. This is possible when the internet is at their fingertips.
  6. Even better, they don’t have to think about it at all. Online rent payment software often comes with the option for them to set up automatic payments to make sure rent is paid on time every month.
  7. They don’t have to worry about their rent payment being lost. In paper form, the money could get lost in the mail, in the office, or somewhere along the way as your resident runs a million errands. This isn’t a worry when they pay online.
  8. Lastly, they don’t have to worry about ordering checks or running out of checks before rent is due. They don’t need them.

Now you understand better why your residents keep asking to pay rent online. You can also read our article about how accepting online rent payments was made for the convenience of the landlord as well.


Other Recent Posts

  • Why a Landlord Should Hire a Property Manager
  • Defining Heating Systems
  • Household Hazards
  • A Basic Understanding of Homeowner Associations
  • Pest Control in Rental Properties
  • Three Screening Tips to Avoid an Eviction
  • How-to-Videos for New Move-Ins
  • Preventing and Minimizing Water Damage from Flooding
  • Is Keyless Entry Right for You?
  • Rental Property Rehab
  • Staging a Rental Property
  • Preparing Rental Properties for Winter
  • Do-It-Yourself Landlords
  • Harassment by Tenant
  • Harassment by Landlord
  • Renting Your Home to Military Family
  • Renting a House vs Apartment
  • Pros and Cons of Pet Living in Apartment
  • Property Manager Needs To Know
  • Things to Know Before Signing a Lease
  • Renting to Student
  • Tenant Violated a No Pet Clause
  • How Apartment Leasing Work
  • Things to Remember When Renting Out Your Apartment
  • Having a Virtual office: Its Pros and Cons
  • Best Way To Clean Your Windows
  • Bed Bugs and How to Control It
  • Tenant Terminating Lease Early
  • Do's and Don'ts of Living in Apartment
  • Landlord FAQs
  • PROs & CONs of Multifamily Homes
  • Pros and Cons of Month-to-Month Rental Agreement
  • Common Problems Landlords Face in Dealing with Their Tenants
  • FAQs on Evictions
  • Rent Collection Issues
  • Advertise your Rental Property
  • How Much Will My Property Rent For?
  • Tips for First Time Landlords
  • Prospective Tenants
  • Ways to Handle Rent and Security Deposits
  • How to Increase Rent
  • How to be a Good Landlord
  • Reducing Vacancies
  • Serving an Eviction Notice
  • Tips on How to Avoid Rental Fraud
  • Tenant's Abandoned Personal Property
  • Tenants Need to Know About Apartment Inspections
  • Tenant's Rights Violated
  • Establishing Rental Standards
  • Common Reasons Tenancy Ends