Save time with automatic income tracking and never worry about late rent again with fast and secure online rent payments made directly into your bank account.
Online rent collection with Landlord Studio is fast, secure, and easy. Allow tenants to automate rent payments with Auto-pay and spend less time managing your books with automatic income reconciliation.
And the best part? It's absolutely free for landlords! There is a small fee of $2.50 per transaction, which can be passed on to tenants or covered by you.
You can set up automatic rent payments, invoice and share receipts with the tap of a button and collect deposits, rent payments, and tenant payable expenses. You control the rent due date, partial payments, and late fees plus much more!
Allow tenants to set and forget their rent payments with auto-pay. You can set automated rent reminders for overdue rent and automatically apply late fees.
Plus, all income collected via our online rent collection feature is automatically reconciled against the relevant property.
Transactions take between 3-5 business days to process and are deposited directly into your bank account through the secure ACH network. Both parties have an accurate and up-to-date record of all rent payments made.
Tenants can log in any time to easily make payments or use Auto-pay to ensure they never fall into arrears and end up owing late fees.
Plus, they can easily review upcoming and historical transactions, receipts and invoices in the tenant portal.
Here’s the complete flow for setting up Online Rent Collection using the desktop portal or mobile app.
The average transfer times are between 3-5 working days. e.g Withdrawal on Monday, Funds available Friday. We are already looking into same day transfers so keep your eyes open!
Yes, once they’ve created their account they can turn on auto-pay and set the payment to be made the same time each month.
They will receive an email with a unique one-time link. They simply need to follow this link, set up their account, and then they can log in at any time to pay. Additionally, they can set up auto-pay which will set their rent to be paid at the same time every month.
Our Online Rent Collection is powered by Dwolla. In an industry where trust is paramount, Dwolla’s sophisticated security practices give landlords confidence that their data is being protected. For more information please see their website.
Yes, you can issue invoices to tenants and easily collect tenant payable expenses using Online Rent Collection.
Online Rent Collection pricing is included in all plans and starts at $2.50 / transaction. For more details on pricing, please visit our pricing page.