The Benefits of Setting Up Recurring Payments for Rent Collection

More than half of the population do not pay their bills on a timely manner just because they forgot to do so. Landlords who no longer want to remind their tenants of due rent payments, as well as tenants who like to improve their credit rating and rental history should think about setting up recurring payments.

This provides tenants with a “set and forget” alternative to make sure their rent payment is withdrawn from their bank account every month. Also, landlords do not need to go through the trouble of waiting for check payments, going to the bank to deposit them and recording payments in their records.

Landlords Will See a Reduction in Late Payments

Because of reminders and notices, it is a lot easier for tenants to remember that their rent payment is fast approaching. As a matter of fact, tenants can deposit money directly into the bank account of their landlords without having to know their banking details. In addition, there are also different ways to pay rent online like by means of:

Websites

Text Messaging

Mobile Apps

Many tenants have gone through the stress of realizing that their rent payment is already due. At present, there are different options of online payment that save them the trouble of rushing to the bank or searching thoroughly inside the house to look for their checkbook. They just need to open their computer or use their phone and in a matter of minutes, their payment is taken care of.

Tenants Can View Bill Status Anytime, Anywhere

Tenants do not need to be caught unprepared with regards to their bill status. A lot of online rent payment platforms let them view their bill status 24/7. They can also benefit from easy digital records that enable them to forego the paperwork.

Rent Payments are More Secure

Paying rent online is among the most secure options for tenants and landlords alike. Tenants do not have to worry that their checks might get lost or stolen in the mail.

Online rent payments provide tenants with more security. On the other hand, checks contain bank information printed on the front part. Therefore, tenants who pay rent using checks are more prone to becoming victims of fraud.

Pay Rent Online From Just About Anywhere

In the above mentioned, paying rent online avoids the inconvenience of buying envelopes, stamps and checks. Tenants do not need to rush to the bank on time since all they need to do is long on to their computer or reach out for their phone to make a rent payment. They can imagine what it would be like to be able to pay the rent while enjoying some me time at a coffee shop or standing in line at a grocery.

It’s About Time to Provide the Option of Online Rent Payment

Collecting Rent Online

The landlords, property managers and tenants of today expect everything to be convenient, simple and fast. It is very stressful for busy tenants to keep pace with bill payments, line up at banks, keep track and make sure they are not charged with non-sufficient funds. For this reason, it is a must to have an online payment system.

An online rent payment system will help alleviate their present payment and money transaction problems. Since tenants love using smartphone apps, most of them will be glad with this new service. It is about time to check out rent payment systems and present day property management software that incorporates online payment.

Landlords who have not yet offered online rent payment to their tenants will realize the hidden advantages behind using online payment as contributory to an automated property management system.

Making Business Stay Competitive and Cost Efficient

Due to the depreciation of client property margins and the growth of portfolios, it is a must for property managers of today to use the ideal property management digital technology so they can maintain their income. It is best to keep watch of income erosion through property management functions or make rent payment simple and almost invisible.

Cash flow disturbance and late payments are among the issues faced by landlords, property managers and investors. It is better to be safe than sorry.

Online rent payment is best for investors and property managers that have properties in different countries, cities or states.

Processing checks manually or transferring them from one bank to another can create a number of issues. It can take more time, costs and stress to go through banking time, processing periods as well as currency exchange.

Advantages for Property Managers and Tenants

Paying online reduces paperwork and maintenance.
A lot of renters prefer to pay online.
There are several different ways of affecting online payment.
Tenants are able to pay anytime using any device.
Once incorporated into the property management software, online payment gives a single account, wherein it is easy to view payment history.
It is convenient to pay via Paypal or credit cards.
It consolidates all types of payments.
It schedules recurring payments.
Payment processors can guarantee payments on time.
Through a single application, residents who share rent are able to synchronise payments.
Paying online has become an industry standard.
Payment processors deliver value added services (such as mobile apps, online, smartphone and sms) that use well-known payment methods (like Paypal, credit card, debit card and eCheck).
It enables tenants to pay property owners as well as split deposit straight to their account.
Tenants who pay on schedule can connect with the credit bureau to boost their credit standing.
It is easier to facilitate security deposits plus the previous month’s rent check payment.
Saves time for landlords/property managers since they no longer have to go to the bank.
It minimizes charges, arrears, payment delays and running after tenants to get payments.
It provides software/app interview to view payments as well as cash flow.
The payment status of tenants can be viewed in real time.
Information to be included in property owners’ reports can be relied on.
It makes it easier to pay utility bills and storage fees, among others, on a monthly basis.

Looking for a reliable online rental payment system? Come visit our website and learn more about our rent payment service!

Forex Trading – The Best Platform to Trade

The term trading is very familiar to humans since the time of civilization. Barter system was its first form practiced in ancient times which involves exchange of goods. It involves the transfer of goods and services between persons or entity, often in exchange of money. An arrangement which allows the process of trading is known as market. With time the definition of trading have also evolved. Now it is not limited to exchange of goods and services rather now a days trade involves negotiation in money(and credit, commodity and non-physical money).
Moreover with the advancement of technology trading have become more convenient, now with digitization one can trade effectively from their home and earn profit.
For trading one of the best platform now a days is Forex. Forex stands for “Foreign Exchange” and is where trade happens with currency. It is a decentralized global market where all the world currencies trade. Forex Trading has evolved to a great extent. In current scenario, Forex is ruling global market and has became the best platform for investing. It is the world’s most traded market. It has earned a reputation of money making machine, people invest in Forex and with right strategies and proper timing earn tremendous profit for themselves and their families.

HOW TO TRADE IN Forex?

In Forex Trading the very first step is to open up an account. Now when you have your own account you can trade in Forex in two ways, the first one is the simple buying and selling of currency pairs and the second one is through the purchasing of derivative where you wait for the value of the currency pair to increase. As technology has evolved so much, trading in Forex is no longer a cumbersome process. Now even a beginner can trade in Forex successfully as there are many research firms available which provides best strategies and timing for successful trading.
With internet and advance gadgets one can always be on trading platform and can trade 24 hours, 5 days a week. Perk of trading in Forex is that one need not to do a huge investment for it and can start with a reasonable amount instead.

TRADING WITH Forex SIGNALS-

Forex Trading gets more simpler with the help of Forex signals. These signals are primarily the ideas that indicate the current market trends in real time. One can use these signals to know when to sell and buy, as these signals are prepared after core fundamental and technical research. There are thousands of advisory firms and individuals who performs pure research over Forex market and provide live and real time tips to trade successfully. There are many Forex signals approaches available in the market, one can choose from them and perform Forex trading. All you have to do is to find the signal service provider that you believe can provide strong and accurate signal. They will then alert you when investing in Forex is favorable. You can get the Forex signals over your mobiles and systems anytime, also there are many applications available which are totally dedicated for Forex trading. These application provides you with live signals and tips for effective trading.

HOW TO AVOID RISK IN Forex TRADING:

Like many other trading approaches Forex Trading also includes risk as market is very volatile but with the help of proper strategies and accurate Forex signals risk can be minimized to a great extent and profit can be earned. Hence it is advised to take proper guidance from advisory firms so that you can trade profitably and learn effectively.