The Covid-19 outbreak has forced the global population to isolate themselves indoors and work from home. As a tenant, you are in the same boat, but in choppier waters so to speak. Whether you are forced to work from home or are between jobs, rent may be the last thing on your mind, which can lead to missed payments and bad credit. With an online payment solution, you can become a model tenant and have complete peace of mind. Here’s how:
1. Schedule Recurring Payments
Checks are outdated for a reason. These display account information which, in the wrong hands, can ruin you financially. Plus, these also limit you when it comes to making recurring payments, such as rent. If you forget to hand in the check, or it bounces you will incur late payment charges.
If you opt for an online payment system, you can pay rent on time, every time. All you need to do is set the date on the application and forget about it. It will deduct the payment automatically from your bank account every month on the due date you set. That way, you can avoid late charges and strike off a task from your to-do list at the same time.
2. Pay Any Time
With the pandemic wreaking havoc on busy schedules, you are more stressed out than ever. Chances are you may forget to pay rent or ask for it to be deferred if say, you are between jobs. If you have the virus, you will not be able to leave your house to pay rent in person or allow your landlord to come to you to receive it.
In both cases, the cash you hand over may be contaminated as well. With online rental payments, you can pay the rent when it is due immediately without putting yourself or others in jeopardy.
3. Keep Track of Rent Payments
You may incur extra charges, late charges or changes in the rent amount for utility payments as well. These figures can be difficult to keep track of and you may end up paying more than what you owe.
By using an online payment portal, you can get access to itemized monthly statements that list extra charges and services separately. Additionally, you can look back at your payment history to check what you have already paid for and if you need to make any due payments.
At Patton Properties Inc., we offer a range of property management solutions that can fit complex owner and tenant requirements with ease. Get in touch with us for a consultation today!