Last Updated
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.
Overall Rating
Based on 2 users reviews
3
Rating Distribution
Positive
50%
Neutral
0%
Negative
50%
Starting Price
Custom
PayRent Specifications
- Expense Tracking
- Tenant Management
- Lease Management
- Rent Collection
What Is PayRent?
PayRent software is a platform engineered to simplify the complex and often stressful task of rent collection for independent and "DIY" landlords. It offers a secure, online solution that allows tenants to make payments conveniently while giving landlords complete control over their cash flow. Key PayRent features like automated reminders and a dedicated tenant portal help to improve payment consistency and reduce late fees, addressing a major pain point for property owners.
PayRent Pricing
PayRent offers the following pricing plans:
- Pay-as-you-go: custom pricing
- Do-It-Yourself: $24/month
- Go-Like-A-Pro: $59/month
Disclaimer: The pricing is subject to change.
PayRent Integrations
Who Is PayRent For?
PayRent is ideal for a wide range of property owners and operators, including:
- Independent landlords
- DIY landlords
- Small-scale property investors
Is PayRent Right For You?
If you are an independent landlord seeking a streamlined and reliable solution for online rent collection, PayRent is an ideal fit. The platform's unique focus on strengthening the landlord-tenant relationship through features like RentCred™ sets it apart from other property management software options. By providing a secure and simple experience, PayRent helps to save you time and money.
Still doubtful if PayRent is the right fit for you? Connect with our customer support staff at (661) 384-7070 for further guidance.
PayRent Features
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.
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.
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.
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.
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.
Pros And Cons of PayRent
Pros
Saves landlords time tracking down payments
Automates rent payments and late fees
Smooth and problem-free rent collection
Tenants can update payment methods easily
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
Stars50%
4
Stars0%
3
Stars0%
2
Stars0%
1
Stars50%
Share your experience
Anonymous
Not Specified, N/A employees
“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
Christine Abell
Not Specified, N/A employees
“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
Does PayRent offer an API?
Information about a PayRent API is not available.
Does PayRent have a mobile app?
No, it does not have a mobile application.
What other apps does PayRent integrate with?
The provider has not disclosed any information regarding third-party integrations available for this software.
What level of support does PayRent offer?
PayRent offers support via email and an online contact form.
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 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.