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Overview

PayRent provides intuitive Property Management Software designed to streamline rent collection and foster better relationships between landlords and tenants. Despite risk of bounced ACH payments creating repeated delays for landlords, the platform’s focus on simplicity and powerful payment controls ensures that managing rental properties remains straightforward and efficient.

PayRent Specifications

  • Tenant Management
  • Lease Management
  • Rent Collection
  • Property Accounting

PayRent Features

Revenue Management

The platform's RentDefense™ suite provides landlords with advanced payment controls to protect their cash flow. Features include the ability to block partial payments and prevent payments entirely, which is crucial for keeping an eviction process on track. This ensures landlords have strict control over their payment policies.

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Rent Collection

PayRent offers a secure and simple way to accept electronic rent payments. Tenants can pay using bank transfers, credit cards, or debit cards from any internet-connected device, providing them with ultimate flexibility and convenience. Payments can also be scheduled in advance, making timely rent collection virtually guaranteed.

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Payments

PayRent makes paying rent more rewarding for tenants. The standout feature, RentCred™, is a program that rewards renters for paying on time by offering free credit reporting to all three major credit bureaus and access to interest-free emergency funds. With over 75 lending partners, PayRent Capital™ helps to promote a positive and productive relationship between renters and landlords.

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Accounting

The intuitive landlord dashboard provides a clear overview of occupancy rates, tenant balances, and upcoming charges. For bookkeeping, the platform offers downloadable reports that are compatible with most accounting software, allowing for easy data export to balance your books at a glance. This feature makes financial management straightforward and less complicated.

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Leasing

PayRent streamlines the leasing process with convenient features for both landlords and tenants. Landlords can screen prospective tenants through in-app partners to access comprehensive reports on credit scores, criminal history, and eviction records. The platform also includes the ability to track renters’ insurance documents, which can help limit liability.

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Pros And Cons of PayRent

Pros

  • Automates rent payments and late fees

  • Tenants can update payment methods easily

  • Saves landlords time tracking down payments

  • Smooth and problem-free rent collection

Cons

  • Accounts may be closed suddenly without clear explanation

  • Funds sometimes held or delayed, causing major issues for landlords and tenants

PayRent Reviews

Total 2 reviews

3

All reviews are from verified customers

Rating Distribution

5

Stars

50%

4

Stars

0%

3

Stars

0%

2

Stars

0%

1

Stars

50%

Share your experience

A
Anonymous

Not Specified, N/A employees

1.0

“unprofessional customer support”

Pros

There really isn't anything positive I can say about this software.

Cons

Absolutely terrible. Customer support was basically nonexistent. We spent days asking them to remove one unit that was stuck and preventing us from moving forward. After nearly two weeks of emailing, they finally replied saying they had removed it but instead they accidentally deleted every unit. Then they told us we'd need to reload everything ourselves. Extremely unprofessional. It cost us three full days of work from two full-time employees and now we have to do it all over again using software that's actually reliable.

Rating Distribution

Ease of use

2

Value for money

1

Customer Support

1

Functionality

2

CA
Christine Abell

Not Specified, N/A employees

5.0

“timely rent collection”

Pros

It has been exactly the kind of platform I needed. It lets me collect rent payments on time and in a very efficient way which is exactly what I was looking for.

Cons

There's no con in this tool, it works perfectly fine

Rating Distribution

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Frequently Asked Questions

What language does PayRent support?

PayRent is primarily available in English.

Who are the typical users of PayRent

PayRent is well-suited for various types of property owners and managers, including independent landlords, DIY landlords, and small-scale property investors.

What level of support does PayRent offer?

PayRent offers support via email and an online contact form.

What types of pricing plans does PayRent offer?

PayRent price options suit different landlord needs. Choose from Pay-as-you-go with custom rates, Do-It-Yourself at $24/month, or Go-Like-A-Pro at $59/month. You can also request a tailored PayRent cost quote for your business.

Does PayRent offer an API?

Information about a PayRent API is not available.

What other apps does PayRent integrate with?

The provider has not disclosed any information regarding third-party integrations available for this software.

Does PayRent have a mobile app?

No, it does not have a mobile application.