Tag Archives: electronic payments

Rent Checks Stolen from Property Manager’s Lockbox

Posted on 08. Apr, 2014 by .

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Don’t let what happened to a property management company in Las Vegas, Nevada happen to you. The company had set up a convenient lock box so residents could drop off their checks after hours. The worst case scenario unfolded on a hot summer’s evening in July when thieves who had noticed the drop box of […]

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How to Get Your Residents To Pay Rent Online

How to Get Your Residents To Pay Rent Online

Posted on 14. Jun, 2011 by .

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While many property management companies have been offering an online rental payment option to residents for years, there are just as many who currently do not. And the management companies that currently do offer this option have found that only a fraction of their residents actually utilize an online rental payment option.

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Contest Winner: How Much Does It Cost To Process A Rent Check

Contest Winner: How Much Does It Cost To Process A Rent Check

Posted on 24. Jun, 2010 by .

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We recently held a contest and asked property managers to guess the true cost of processing a monthly rent check. Property managers from all over the U.S. submitted their best guess and were automatically entered into a drawing to win a super cool Flip Video Camera.

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Your Paperless Office: Five Great Reasons to Move Payments Online

Your Paperless Office: Five Great Reasons to Move Payments Online

Posted on 28. Apr, 2010 by .

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A single check seems small enough. But added up, the checks your property management company deposits or prints can ultimately bury your staff under a mound of paper. If you are on the way to a paperless office but haven’t yet tackled electronic payments for receivables and payables, you are paying more than you need to run your operation.

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Rent Week Pain Relief: What’s the Best Online Payment Solution?

Rent Week Pain Relief: What’s the Best Online Payment Solution?

Posted on 24. Mar, 2010 by .

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It’s rent week again, and all hands are on deck. If you’re like many other property management firms, you have an unwritten rule: no vacation during rent week. You realize that rent checks cost your company time and money with unnecessary handling, data entry, errors, staff frustration and other inefficiencies. Surely there has to be a better way.

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Seven Reasons Why Rent Checks Cost More than You Think

Seven Reasons Why Rent Checks Cost More than You Think

Posted on 11. Feb, 2010 by .

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More property management firms are discovering that they can save a significant amount of time and reduce headaches during rent week by moving their resident rent payments online using ACH (automated clearinghouse) and other electronic methods.

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Ditch That Rent Check: A World of Online Payment Options

Ditch That Rent Check: A World of Online Payment Options

Posted on 28. Jan, 2010 by .

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Sure, the lowly check will be with us for a while. But that doesn’t mean that you can’t help send checks the way of the dodo bird. According to a Federal Reserve System study, check usage is in steep decline, and checks now represent only 30 percent of all non-cash payments. Electronic payments are now the clear winner with consumers.

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