Rental payment software processes payments from tenants and vacation renters. These solutions are used by property owners and managers to streamline the payment collection process.
Rental payment software simplifies the payment collection process for all parties involved. Renters interact with a payment portal and can typically automate their rent payments. These solutions process rent payments and deposit payments and often contain communication tools for landlords to interact with renters. Rental payment solutions often allow multiple payments types, from direct deposit to credit cards, although the latter usually comes with a processing fee.
Rental payment software often comes as part of property management software, but many are available as standalone solutions.
To qualify for inclusion in the Rental Payment category, a product must:
Process rental payments for short- and long-term rentals
Provide portals and mobile apps for renters
Automate processing for recurring or one-time payments
Manage resident and tenant criminal or credit screening