Infographic: 100% digital rent payment adoption
What’s in it for property managers?
With the digital transformation of the property management industry, resident payment portals have become a common offering in multifamily communities. However, these same communities continue to accept paper-based payments as well (such as checks and money orders), resulting in lackluster digital payment adoption rates of 30%.
But the digital payment paradigm has recently shifted, and management companies are starting to realize there are game-changing financial and operational opportunities in leveraging their payment portals and closing up their drop boxes.
Why should you champion a digital payment adoption initiative at your communities? We’ve whittled it down to five principal incentives that will make you want to eliminate paper-based payments once and for all.