Simple Recurring Billing Software for Rental Companies

You understand how annoying collections are in case you manage your own property, late payments and bounced checks can be a recurrent headache. And in case you handle someone else’s property, there is the additional trouble in explaining past-due collections to your customers, the property owner. What if there was better, easier, and simple recurring billing software for rental companies to handle the rent collection at your business?

The business of property management has no less challenge. From the property maintenance and upkeep to the legal liabilities, you have got plenty on your plate and that is before you factor even in the no.1 headache for the property managers and that is collections.

Whenever tenants are not paying on time, it boosts your workload, which results in a number of similar headaches, like:

·        Having to go after the tenants for payments.

·        Tenants requesting more time to pay.

·        Clients/Landlords requesting more consistent collection prices.

Whereas the arrival of the online billing has made the collections easier, the fact continues that various tenants still do not pay on the time. Whatever is required is a streamlined, easier, and automated mode to handle collections. That is why we designed ChargeMonk, it is a simple software to automate the entire invoicing and billing process. With our simple recurringbilling software for rental companies, automatically payees are charged at every billing cycle, ensuring the prompt payment and high collection rates. This software comes along a host of prevailing features, which includes the capability to sync financial info instantly from invoices to your accounting software. For the property managers, this means:

·        Manually less time spent chasing rent.

·        The higher collection prices.

·        Fewer disputes.

·        Less money and time spent on the financial data and spreadsheets.

·        Better relationships with landlords and tenants.

 

Never Go After the another Rent Payment Again

ChargeMonk’s most prevailing benefits for property managers are their ability to automate payments monthly. It is as easy as including a specific payment terms, tenant and allowing us improve the rest in the end of every month. Credit cards of tenants are automatically billed, minimizing dramatically the time you spend trying to collect actively. This can leave you with the more free time to focus on the other critical concerns of your company. There are great advantages of having recurring, automated rent collection:

1. Maximize Collections

Automated payments make the most of collections by charging the credit card of tenants on a set schedule. Rather than seeking payment from the tenants actively, you automatically bill at a prearranged time every month, similar to the bank or phone company. This makes a simpler and smoother experience for both tenant and you, and significantly diminishes the missed payments.

 

2. Save Time on Invoice Creation and Data Entry

You don’t have to worry about missed payments only. Even if you collect the payment on time, there is still the matter of recording, processing and downloading the invoice info. Our simple recurring billing software for rental companies generates invoices automatically for you, and downloads payment info to the accounting software the second they are paid.

 

3. Easily Set-Up the New Tenants

In the business of property management, turnover is just the fact of life. Tenants move on, and whenever this happens, you require filling vacancy as quick as possible. Our simple recurring billing software for rental companies streamlines the process of including the new tenants with a smooth backend interface that allows you set up payment plans in minutes. From the second a new tenant states the word ‘go,’ you could set-up their payment plan and have them in the payment cycle monthly. And, our software allows you identify payment plans any way you desire. In case you handle various properties with different unit prices and sizes, you can generate custom payment plans for everyone and bill your tenants as appropriate.