Rental Property Management Made Easier: Payments, Tenants and Operations in One Place
Simplify rental property management with online rent collection, ACH and credit card payments, tenant management, leases, work orders and more.
Shelby Durham
8/19/20263 min read
Managing rental properties requires much more than collecting rent. Property managers and landlords are responsible for tenant communication, lease documentation, maintenance requests, payment tracking and countless day-to-day administrative tasks.
MPI’s Rental Property Management solution helps bring these essential functions together, giving property professionals a simpler way to manage their properties while accepting ACH, credit card and debit card payments online.
Accept ACH and Credit Card Payments for Rent
Today’s tenants expect convenient ways to pay.
With MPI’s rental property payment solution, property managers can offer tenants the ability to pay rent online using ACH or credit and debit cards. Recurring payment options can also make monthly rent collection more convenient for both tenants and property managers.
Moving rent payments online can help reduce reliance on paper checks and manual payment tracking while giving tenants greater flexibility in how they pay.
For property managers, having payments connected with their rental management tools can also provide greater visibility into payment activity and history.
More Than Online Rent Collection
Payment processing is only one part of managing a rental property.
MPI’s Rental Property Management solution brings payment capabilities together with tools designed to support everyday property operations.
Property managers can use the platform to:
Accept ACH, credit and debit card payments
Offer secure online rent payments
Set up recurring rent payments
Manage tenants, leases and property activity
Track maintenance requests and work orders
Access payment history and reporting
Send automated payment reminders
Manage rental applications and lease documentation digitally
Bringing these capabilities together can reduce the number of separate processes property managers need to manage throughout the tenant lifecycle.
A More Convenient Experience for Tenants
The rental experience increasingly starts online, and payments shouldn't be the only part of the process that is digital.
Prospective and current tenants can complete rental applications and lease paperwork digitally, pay rent online, view payment history, submit maintenance requests and access important account information.
For property managers, that means fewer paper-based processes. For tenants, it creates a more convenient way to interact with their property manager throughout their rental experience.
Who Can Benefit From a Rental Property Management and Payment Solution?
Integrated property management and payment technology can support businesses managing properties of many different types and sizes, including:
Property management companies
Independent landlords
Multi-unit property owners
Real estate management companies
Vacation rental operators
Whether managing a handful of properties or a growing portfolio, having payments and property management tools available through one solution can help make daily operations more manageable.
Why Integrated Payment Processing Matters for Property Management
Rent collection is one of the most important financial interactions between a property manager and a tenant.
When payment processing is incorporated into the property management experience, businesses can create a more connected process from application and leasing through monthly rent collection and ongoing property management.
Instead of treating payment processing as a separate task, property managers can incorporate it into the systems and workflows they already use to manage tenants and properties.
That can mean less manual administration, easier payment tracking and a better payment experience for tenants.
Simplify Rental Property Management With MPI
From collecting rent to managing tenants, leases and work orders, the right technology can make a significant difference in how efficiently a rental property business operates.
MPI’s Rental Property Management solution combines online rent collection, ACH and credit card payment processing, tenant management and property management tools in one convenient platform.
For property managers, it means an easier way to manage payments and day-to-day operations. For tenants, it means more convenient ways to apply, sign, pay and communicate. And for MPI’s financial institution and referral partners, it creates another way to bring valuable payment technology to the businesses they serve.
Frequently Asked Questions
Q: Can tenants pay rent by ACH or credit card?
A: Yes. MPI’s Rental Property Management solution allows property managers to accept rent payments online using ACH as well as credit and debit cards.
Q: Can tenants complete rental applications and lease paperwork online?
A: Yes. Prospective and current tenants can complete rental applications and lease documentation digitally, helping reduce paperwork for both tenants and property managers.
Q: Does the solution include property management tools?
A: Yes. In addition to payment processing, the platform includes tools for managing tenants, leases, property activity, maintenance requests, work orders, payment history and more.
Q: Can property managers set up recurring rent payments?
A: Yes. Recurring payment options can make monthly rent collection more convenient and help property managers reduce manual payment processing.
Looking for a better way to manage rental property payments?
Contact MPI to learn more about our Rental Property Management solution and how it can support your business or your customers.
