On average a move out costs you, the landlord, a minimum of $1,000 to $3,000 depending on the amount of rent lost, maintenance costs, damages, legal fees, and advertising costs. This is detrimental to your business. You want to do everything you can to reduce rental turnover with it’s negative impact.

Online rent payment can play a significant role in attracting and keeping good tenants. You can provide them with convenient and flexible rent payment options. When a renter is out of town, online payment makes it easy for them to pay their rent from anywhere in the world and you receive your rent on time. When a renter may be short of cash in a given month, a credit card option can relieve pressure for you and the tenant.

Your goal is to increase tenant retention because this reduces your turnover costs. So how can you incorporate online rent payment in a win-win program for you and your tenants?

The answer is to create a tenant rewards plan that you present to every potential renter! Here is an example: When you use our online rent payment program, pass all your property inspections, and we don’t receive complaints from neighbors or police, then we will automatically renew your lease agreement. Reward your tenants for helping you keep your costs down.

In addition, with our online rent payment program, your tenants can opt-in to receive a monthly rent reminder by e-mail or mobile text. This reduces the number of late payments you may receive.

Our company is a leader in online rent payment services. We invite you to reduce your turnover costs today with a rewards plan that uses our online rent payment program.