Rentec Announces New Electronic Fund Transfer Tools for Tenants and Landlords

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Both tenants and landlords are embracing EFT (aka ACH or eCheck) to automate and systemize the rent payment process. Landlords achieve lower turn-over and tenants are pleased the process is completely automated. Rentec Direct has revolutionized the provisioning process to make these great electronic tools available to every single landlord and tenant.

Rentec Direct

Rentec Direct

For a landlord, providing an EFT option to tenants is a real win-win. Statistics show that when funds are automatically withdrawn monthly, rather than the tenant having to write a check, tenants stay put longer.

Rentec Direct, provider of innovative property management software, brings fully automated EFT solutions to the hands of landlords and tenants. EFT, also commonly known as ACH or eCheck, provides an electronic transfer of funds from a tenant's bank account to the landlord's account without the need of a paper check. This process, when automated, saves both the landlord and tenant time and energy every month.

For a landlord, providing an EFT option to tenants is a real win-win. Statistics show that when funds are automatically withdrawn monthly, rather than the tenant having to write a check, tenants stay put longer. Lower turnover to a landlord is as good as gold since it means higher margins and less vacancy. Since the funds transfer electronically there is also less chance of error and no trips to the bank. A landlord can be on vacation in Tahiti and the EFT transfer happens in their absence putting the monthly rent right into their account.

Electronic transfers are great for tenants as well. A tenant can choose the day of the month the transfer takes place so they can best insure funds will be available. Once setup, the tenant has the peace of mind knowing their rent is taken care of each month without the need to do anything further. There’s a reason major utility companies, mortgage processors, cable and satellite operators all use automated payments, and that’s because it’s good for all parties.

Rentec Direct has also revolutionized the setup process for landlords to take advantage of these great tools. The setup process with Rentec has simple paperwork and minimal costs. With the new, simplified setup process, a landlord can be up and running in less than a day.

To learn more about Rentec Direct and automated EFT payment solutions for landlords, visit http://www.rentecdirect.com

About Rentec Direct
Rentec Direct provides cloud based rental software solutions for property managers and landlords. Other popular solutions offered by Rentec Direct include tenant screening, and online syndication of vacancies to more than 20 popular websites.

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Nathan Miller
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