Becoming the owner of a property for rent, of course, must continue to follow trends in society. Currently all payments are usually made online. Included in the property rental payment. For tenants who have to pay in cash it will be more troublesome, especially if the tenant is a younger one, they will definitely prefer to pay via online. This is done because everything that is done online can be done anytime and anywhere
Online Rent Payment
Rental payments via online means will alleviate problems in money transactions between tenants and property owners. Tenants will prefer to use a smartphone to make transactions.
Only with a smartphone, both tenants and property owners will find it easier to pay rent and other matters. Building owners who provide online rental payment services will benefit from using this service.
Then what will property owners get from this online rental payment? here are the benefits:
- Save Time and Cost
The use of online transactions certainly saves time and money. Especially if you have many properties for rent. By using technology, you can also simultaneously control other tenants via a smartphone.
Rental income will be recorded automatically when making online transactions, so you don’t need to record it in a book. You don’t need long to wait for transactions from tenants, because it will enter your account at the same time.
- Easier Transactions
online transactions can be done anywhere and anytime. If you have property abroad, you must apply an online payment system.
because it is impossible for tenants who live abroad to pay in cash or through banks. This online rental payment also allows the use of a credit card.
So there is no more reason for tenants to be late in paying, because they can use a credit card. You only need to use an online payment application; everything can be resolved easily and quickly.
- There is a Guarantee Facility
Online rental payments are not always scary. Because all the transactions we make have records. If you meet a bad tenant, then you can frequently check your bank transaction history.
Need to watch out for fake transfer proof photos circulating. If you meet fraudulent tenants, then you need to be vigilant.
If you don’t get paid online, but they claim to have paid, then you can have a guarantee in the form of a transaction history. This can help you avoid fraud.
- Minimizing the Cost of Arrears
Online rental payments will help tenants to pay on time. Because they can set a reminder at each specific date you have to pay rent.
This can prevent tenants from forgetting or being in arrears. You also just have to wait for transactions from the tenants of your property.
- Valid Information
Online rental payments also use valid data. So that every transaction that occurs will be recorded automatically.
The payment application will record all transactions, so it requires valid data from the tenants of the property. So don’t forget not to ask for data from your building tenants.
- No Need Cash Book
Online transactions do not require a cash book. You only need an application to input payment. For example Tenant A paid a certain amount of money on such dates.
This will make it easier for you to check who the tenants have not paid. This online payment will provide many benefits for tenants and property owners.
For tenants, they will easily pay rent without having to queue to the bank. And for property owners, online rental payments will help to recap financial statements.
Because of course property owners also need operational costs for leasing.