Toronto, Ontario (PRWEB) January 16, 2014
Now, with the help of Property Vista Software Inc., property management companies can offer tenants a wide array of rent payment options including credit card, Visa Debit, Interac, pre-authorized payments and cash transfers. For tenants, Property Vista’s web payment solution is convenient, easy and secure. For property managers, it means no more chasing cheques, increased efficiency and lower operational costs.
“Many of our tenants prefer to pay their rent through their Visa Debit, as it is extremely secure. They can pay from anywhere in the world, and even set up recurring payments,” said Leslie Veiner, CEO of True North Apartment REIT. “It makes payment as simple as possible for our tenants.”
According to independent research, the cost to process cheques can range from $15 to $25 for each cheque issued. This includes costs such as clerical, cheque requisitioning, authorization, reconciliation, tracing and others. With Property Vista, property managers can eliminate many of these costs by automatically accepting mobile and online payments. The cost to process payments varies depending on payment type and number of transactions. For some credit cards, there is a small processing fee for tenants, and no charge for landlords.
The web payment solution is completely integrated into the property management’s tenant portal. Tenants can use their mobile devices, tablets or computers to log in securely and set up their payment preferences. Once the account is set up, payment is automated, reducing any human error.
“Property management companies can really reduce the amount of time, effort and money it takes to manage their portfolio with our payment solution,” said Leonard Drimmer, CEO of Property Vista Software. “There are no lost or bounced cheques to worry about and funds are available almost immediately, improving cash flow and profitability.”
Key benefits include: