Beverly Hills, California, United States (PRWEB) May 22, 2014
Rents are normally paid for services rendered or for accommodation rented. While paying rent is a time framed process, collecting rent is equally along the same lines. It sounds kind of easy when there is one owner and one single tenant, when rent needs to be paid or collected. On the other hand, when there are several involved, collecting rents manually is humanly impossible. The online rental services have launched new integrated portals to collect rents. There used to be times when people would run from place to place to collect rents and deposit money in the banks. Time is of great essence in the rent collection process and should be mentioned expressly in the tenancy contract to avoid confusions.
“PayYourRent” is a guiding path to all those who don’t want to waste time dealing with customers to collect rent. It is a site that provides clear cut options for owners that have rented out their premises. Collecting cheques form the tenants does not mean the money has been realized in the account. In the event that there is no money in the payer’s account, the cheque gets returned for want of funds. In situations like that, time and energy get wasted. Instead, the portal offers a wide choice of collection methods online in a very safe and fast way. The account details of the lesser are fed into the payment site along with phone numbers, email addresses and other important details. These details are kept in the strictest confidence and only accessible to the concerned person.
The payer can initiate payment through the portal on a particular date as agreed before. Once the payment is released, the site automatically debits the payer’s account and credits the payee’s account with the same amount. Before that, a notification is sent to the payer and payee that such a transaction has taken place. Receipts are generated immediately that can be maintained on the computer for any number of days unlike in the olden days when people had to have a storage space to secure them. Even security deposits are collected via the internet if required, after signing the agreement.
There are provisions to change any information as to the bank name, phone number, account details etc., on the site with the help of a few clicks. More importantly, if there is more than one tenant for the same owner, “PayYourRent” can be set to automatically send messages about the impending deadline for rent. Such alerts will help the payers be prepared with money in advance. Reports on the number of payments made from the beginning can be generated within seconds of this site to know if the payer has not missed any payment deadline to qualify for rent reduction.
http://www.payyourrent.com has now unveiled their all-inclusive rent collection package to make the process easy for owners.