As a landlord, you’re always looking for ways to differentiate your units from your neighbours, attract great tenants and achieve a return on your investment. Until recently, you had to be a super hero or a magician to show tenants extra value without costing you a fortune. So, how do you reward tenants all while reducing instances of default and saving time and money. The answer is simple.
The Rent Revolution
With today’s mobile revolution you can give your tenants the option of paying their rent on their phone, tablet or computer with their favourite rewards credit card, earning them trips, gifts and more. Your tenants are now getting rewarded for paying rent AND statistically, by offering your tenants multiple payment methods, you’re reducing the likelihood that you won’t get paid. As Canadians, over 90% of our purchases are paid with a credit or debit card, why not rent?
Value for FREE
Now, I know you’re thinking, “what about the cost?” Well, have no fear, there are now services that allow landlords and property managers to accept debit cards (or e-checks) and credit cards for FREE. Meaning there are no charges to the landlord EVER. No monthly fees, no interchange fees, nothing. Tenants can even pay from their mobile phones, meaning no more excuses! You’ll simplify your payment process, enjoy guaranteed funds and make your tenants love you. You can also significantly improve your accounts receivables and reduce administrative costs.
Why Go Paperless?
Traditionally, tenants are paying rent by check, which costs you money. Up to $25 per check, per tenant to be exact. It also takes up valuable time. Minutes turn into hours and hours turn into days. You could use this time to address tenant enquiries or fill building vacancies. Checks can also go NSF days after rent is due costing you even more time and money. Plus you’re saving the environment.
As you can see, it doesn’t take a super hero to attract to give tenants some extra value for doing something as simple as paying rent. I know, it sounds too good to be true but take a look at one of the solutions available to the market, RentMoola. This payment solution allows tenants to make recurring or one time payments using any major credit card and through Direct Debit from almost anywhere in the world. RentMoola also offers an exclusive rewards program called MoolaPerks that gives tenants access to discounts to their favorite stores and services helping you retain and attract the best tenants. Plus tenants can earn their rewards points to get free flights.
Other industries are already moving to being paperless and providing added value. What’s stopping you? Lead the way in the rent revolution and don’t be left behind in a world where change is easier make and harder to ignore.