Marquette Bank Offers Innovative Rent Payment Solutions to Landlords and Property Managers through ZRent
Marquette Bank joins ZRent's network of financial institutions to provide online rent collection services to their landlord and small business customers.
CHICAGO, Nov. 15, 2018 /PRNewswire-PRWeb/ -- Marquette Bank is expanding its cash management capabilities with automated rent and condo fee collection for landlords and property managers by joining the ZRent network. By automating the critical function of rent and condo fee collection, Marquette Bank is enhancing its value proposition to a key customer segment and increasing customer loyalty.
"ZRent is a great example of how Marquette Bank consistently strives to put our customers first and offer innovative solutions to add value," said Joyce Latkowski, First Vice President and Director of Treasury Solutions at Marquette Bank. "ZRent provides a simple, convenient solution for our real estate customers, while expanding our geographical reach through the use of technology."
"We are excited to welcome Marquette Bank, a leader in multifamily and construction lending in the Greater Chicago area into the growing ZRent network of community banks," said Jay Tuli, Founder of ZRent, a division of Leader Bank. "We know that automating the rent collection process will save Marquette Bank's customers time, the hassle of chasing down late payments, and depositing checks."
ZRent works by automatically deducting rent payments from the tenant's bank account and depositing them directly into the landlord or property manager's account. Tenants can set and forget their monthly payments, and landlords will no longer have the hassle of collecting checks and making the trip to the bank. ZRent also provides peace of mind for the landlords, who will now receive one payment per unit on a reliable schedule each month. ZRent is free of charge for all tenants and any landlord that banks with one of the participating institutions, which now includes Marquette Bank.
About Marquette Bank
Marquette Bank is one of the largest, locally-owned neighborhood banks in Chicagoland. Marquette Bank opened its doors in 1945 with a commitment to provide financial services to meet the savings and borrowing needs of local communities. Marquette Bank has 24 offices located throughout the Chicagoland area, including 21 banking centers, 2 loan production offices, and a corporate administrative center. Marquette Bank has a dedicated multifamily apartment lending division offering clients full-service, personal banking and financing with local underwriting. For more information visit: https://www.emarquettebank.com or call 1-888-254-9500.
About ZRent
ZRent (http://www.zrent.net) was launched in 2015 as a cash management tool that allows for the electronic collection and processing of rent payments. ZRent's goal is to provide a convenient solution that will make the rent collection process a seamless and "set and forget" experience for both landlords and tenants. As an independent division of Leader Bank, ZRent is available to other financial institutions as a cash management tool for property owners and condo associations. For more information about ZRent visit http://www.zrent.net, email zrent(at)zrent(dot)net or call 781-641-8691.
SOURCE ZRent
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