Features and What to Look for When it Comes to Rent Collection Apps

LAS VEGAS, NV – With the advent of technological development, there are a plethora of ways to collect rent online, but experts agree the most reliable way to do so is by using an app specifically developed for such a purpose. The right type of app for this activity combines numerous aspects of the rent collection process in an efficient, streamlined manner that no only offers benefits landlords, but their tenants as well.

The very best rent collection apps should combine a plethora of features in an easy-to-navigate package, including the following:

• A tool that can allow a landlord to schedule automated, reoccurring payments and sent monthly reminders to tenants; this can cut down on late rental payments.
• An app that accepts multiple payment options and types, including ACH transfers, credit cards, and debit cards.
• Transaction fees that are affordable; look for payment fees that are fixed or vary based on the payment type and lower than $3/per payment or 3 percent of the payment amount.
• A platform that can process payments within three-to-five business days or less.
• An option that allows tenants to report their on-time rent payments to credit bureaus in order to help build their credit rating.
• The ability to block partial payments in order to make sure that tenants pay their rent in full each month; in the case of an eviction, this helps to prevent blockages.
• An option to apply automatic late fees in the case that a tenant is tardy with their payment, as stated in the terms of their lease and mandated by local laws governing grace periods.
• A dashboard for tracking and reporting payments that features an intuitive interface; landlords should be able to keep tabs on payments, outstanding balances, and be able to export financial information into reports for tax purposes.
• The app should boast bank-grade encryption to ensure secure transactions and to protect the personal information of both the tenant and the landlord.
• The details of a tenant’s lease should be fully integrated into the app, ensuring that the obligations of the renter are spelled out and fully comprehended.
• A tool to automatically track a landlord’s income and expenses.
• And finally, top-notch customer support services in the event that a landlord encounters any issues while using the app.

Some popular rent collection apps heading into 2025 are as follows: Avail (Part of Realtor.com), Zillow Rental Manager, Rentec Direct, Buildium, and TurboTenant.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.