The digital payment adoption checklist to collect rent online
Champion the initiative, eliminate paper payments and collect more rent online
Shifting manual processes online is currently a top priority for property management companies. With health, safety, and economic barriers disrupting recent rent cycles, the ability to collect rent online has become a necessity. And if there was ever a time to make this shift, it’s now. Checks, money orders, and cash travel via the hands of residents, convenience store clerks, bankers, and more. With leasing offices partially open or temporarily closed and residents asked to stay-at-home, the ability to collect rent online empowers your associates to keep the business running remotely.
To assist clients with this endeavor, we at Zego (Powered by PayLease) have been offering a complimentary digital payment Health Check. We examine their current strategy and consult on best practices they can incorporate to improve adoption rates amongst their residents. The results from these reviews and strategy adjustments have helped management companies collect rent online from a higher percentage of their residents and applicants. Because of its success, we decided to condense our digital payment Health Check into a checklist.
This to-do list is perfect for management companies who are looking for some ‘quick hit’ actionables to dramatically increase their month-over-month percentage of digital payments. We hope it inspires you to make a couple tweaks to your process so you collect rent online and bend the curve on digital payment adoption at your communities.