New Release!
The 2024 Rent Payment Trends Report
In this report, we examine our user data to understand what strategies move the needle when it comes to increasing the number of digital rent payments that are received each month. Download your copy of the report now and lead the charge toward a more efficient future!
Download now5 data-backed ways to drive digital adoption in online rent payments
In today's fast-paced world, the shift towards digitalization is not just a trend but a strategic move towards efficiency, security, and unparalleled convenience. Zego’s 2024 Rent Payment Trends Report is your comprehensive eBook dedicated to understanding the strategies that effectively increase online rent payments – all backed by user data. Download now!
Why read this report?
This report is a unique glimpse into the rent payment trends that we see in our user base over time. We’ve examined the data from a variety of angles to understand the strategies that have the greatest impact on digital rent payment adoption amongst residents. Through a meticulous compilation of user insights, this guide presents 5 data-backed ways management companies can boost digital rent payment adoption:
1. Offering renters multiple payment options
2. Incurring ACH transaction fees on behalf of residents
3. Sending automated rent reminders
4. Offering a comprehensive resident app & payments portal
5. Driving awareness of your payments system at onboarding
Who should read this report?
- Property management professionals seeking to modernize their operations and save money
- On-site managers aiming to decrease paper rent payment processing and increase rent week efficiencies
- IT professionals looking to implement or upgrade digital payment systems
Save time & money with more digital rent payments
Digital payment adoption pays off
Based on our research, a 10% increase in digital rent payments for a 1,000-unit portfolio can yield an estimated $7,000 annually including labor, benefits and processing fees. That’s why we’re sharing insights from our proprietary user data, to help you identify the strategies that work for other companies just like yours. This report features insights including:
- The results of adding paper-conversion methods
- Digital payment utilization rates for companies that incur ACH fees compared to companies that pass ACH fees
- Client case studies about integrating native payments with a community mobile app
Grow digital payments with Zego Pay
Automate your rent collection process so every payment is converted to a digital transaction that automatically integrates with your accounting software. Zego Pay simplifies the payment process for residents while automating every aspect of rent collection for traditional Multifamily, Single Family, HOA, Student Housing, and Corporate Housing.
How to increase online rent payment adoption at your communities
Rent collection remains a cumbersome task that many property management companies struggle to modernize. Our 2024 Rent Payment Trends Report features five data-proven strategies for increasing digital payment adoption. The report distills our insights from our extensive research into our own user data. Download your copy of the report to get best practices and strategies tailored to automate your rent collection process and boost operational efficiency.