“With no cost to managers it is a win-win situation for management firms. It will increase a landlord’s cash flow, decrease administrative costs, and prevent tenant late payments." - Michael Jaffa, COO, Jack Jaffa & Associates
Brooklyn, NY (PRWEB) July 30, 2012
Jack Jaffa & Associates, NYC’s best-known real estate consulting firm, has announced a partnership with PayLease, a leading provider of electronic payments for the property management industry. The partnership allows Jack Jaffa’s property management clients to accept and manage rental payments through a simple and easy-to-use online interface. As a complimentary service for Jack Jaffa clients, the PayLease service will save property managers time, money, and administrative hassle by streamlining the rental payment process in a manner that benefits both the landlord and tenant.
“This partnership will benefit New York City’s landlords by easing the entire rent payment workflow immeasurably,” said Jack Jaffa, CEO and president of Jack Jaffa & Associates. “Our in-depth knowledge of NYC property management combined with our familiarity with real estate technology, makes this joint venture extremely sensible, and provides the perfect solution not only for our existing clients, but for all property owners and managers across the City as well.”
“We are honored to be chosen as the online payments provider for Jack Jaffa & Associates,” said PayLease CEO, Dave Dutch. “Automating rent payments not only makes life easier for residents, it dramatically improves productivity for property managers. PayLease is pleased to provide such a valuable amenity to so many NYC property management companies,” added Dutch.
Michael Jaffa, Chief Operating Officer at Jack Jaffa observed that both Jack Jaffa and PayLease share the same visions of providing innovative solutions while maintaining a very high level of customer service.
“With no cost to managers,” Mr. Jaffa adds, “it is a win-win situation for management firms. It will increase a landlord’s cash flow, decrease administrative costs, and prevent late payments, even in cases when a tenant is low on funds. The advantages of having rental income received through our services on a regular scheduled basis will relieve the burden of a management firm’s collections department and transform the entire income procedure from an unpredictable and time-consuming headache, into a reliable, efficient and smooth system.”
The PayLease system contains a myriad of features to simplify rent collection, including customizable interfaces and the ability to download transaction data directly into a manager’s accounting software. PayLease currently processes payments for over 2000 property management companies nationwide.
About Jack Jaffa & Associates
Known throughout NYC as industry leaders, Jack Jaffa & Associates offers a wide range of real estate counseling services which include violation removal, a state-of-the-arts early notification Alert System which allows property owners to monitor the entire lifecycle of a violation, tax incentive programs, lead-paint testing expertise, and now rental payment services. Our team is extremely knowledgeable in handling ECB hearings, corrections and settlements, DOB, HPD, DOH, DOT, DSNY, FDNY, DEP, criminal court proceedings, cost segregation, 421-A, J-51, ICIP/ICAP and MCI programs. For more information, visit http://www.jackjaffa.com or call 718.855.6110.
PayLease, LLC, is a leading electronic payments provider for the property management industry, specifically targeting the multifamily, single family, HOA and commercial markets. PayLease provides property managers the ability to accept and manage rent payments and HOA payments through a secure online interface. Since its inception in 2003, PayLease has grown to serve thousands of property management companies nationwide and is among the fastest growing technology companies in the United States.