Based on user feedback Rentec Direct added a new option to the property management software that allows a manager or landlord to specify a payment policy for online transactions from tenants.
Grants Pass, OR (PRWEB) January 28, 2016
Rentec Direct announced updates to the popular property management software’s online payment processing system that allows users to enforce full rental payments or pay off current balance completely.
Rentec Direct offers property managers and landlords who use the cloud-based software as a tool to successfully manage rental properties the option to collect rent payments from renters online through a merchant account via ACH, credit or debit card.
“Making payments online is becoming a popular option for all kinds of services, especially amongst Millennials who dominate the rental market. Renters are taking advantage of this convenient options offered by property managers and landlords,” explains Nathan Miller, President at Rentec Direct.
Based on user feedback Rentec Direct added a new option to the property management software that allows a manager or landlord to specify a payment policy for online transactions from tenants. Previously a tenant could login to the tenant portal and make any size payment into their account.
“We discovered our clients desired more control over the online payment options they were giving their tenants and wanted an option to enforce full rental payments. For example, if a tenant is undergoing an eviction, a landlord does not want to accept anything less than the full month’s rent otherwise he might be in jeopardy of extending a tenant’s usage of the property. Other landlords just don’t want to deal with partial payments,” notes Miller.
To provide users with the best online management tools, Rentec Direct added the following options to clients’ merchant accounts.
- Allow Any Payments : This default features allows renters to make any sized payment. Account managers can change this as need to the newly added options below.
- Require Rent: This will enforce the system to only allow a tenant to make an online payment equal to or greater than the established rent amount.
- Require Balance: This option will only accept an online payment from the tenant if the current balance is paid in full. Current balances could include rent, late fees, and any other monthly charges associated with the tenant.
To learn more about property management and powerful software solutions visit Rentec Direct at http://www.rentecdirect.com
About Rentec Direct
Rentec Direct provides cloud based rental software solutions for property managers and landlords. Rentec Direct services include tenant screening packages, tenant ACH payment processing, marketing tools and online syndication of vacancies to more than 20 popular websites.