How Can I Make Rent Collection Easy?

Q: I own several rental properties. How can I make rent collection easy?

A: Collecting rent is one of the biggest hassles that rental property owners face. Some owners actually visit the resident each month, collect a check and make a separate trip to the bank to deposit it. Other owners wait each month when residents assure them that the "check's in the mail" — which may or may not be the case. When you own multiple properties, rent collection can be a major headache.

But Management One Property Management software  eases those headaches. Our M1 proprietary property management system makes rent collection as easy as clicking a button. The software provides a resident portal where residents can submit their monthly payments. The money is deposited directly into the owner's bank account. Residents can also set up automatic monthly payments and avoid any late fees.

To simplify rent payments even further, residents can pay using their smartphones — anytime, anyplace. And if they bookmark the mobile site, they can find information about their lease and check the status of payments any time.

And best of all, you don't have to keep track of the payments. The M1 system stores all your invoices, receipts, payments and other documents electronically, where you can easily search for and access them when needed.

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