Collecting rent from tenants can be a time-consuming task for landlords, but with the help of digital tools, it can be easy to collect rent on time. Here are the 5 best apps for landlords to collect rent:
RentOk app
The RentOk app is a complete property management app that is available in India for landlords. This app has many features, but these 5 features make it the best rent collection app for landlords :
- Automatic rent reminder: RentOk sends rent reminders to tenants on the due date. Each reminder includes a unique payment link.
- Multiple payment options: RentOk accepts multiple payment options, such as Paytm, PhonePe, Google Pay, credit cards, debit cards, and net banking. This provides ease of payment for tenants.
- Instant payment receipt: When a tenant pays rent using the RentOk payment link, they receive an HRA-compliant rent receipt instantly via WhatsApp.
- Instant settlement in owner’s account: RentOk settles rent directly into the linked bank account of the owner within an average of 8 seconds.
- Reward on rent payment: When a tenant pays rent using the RentOk app or payment link, they receive a unique reward.
Paytm
Paytm is a popular mobile payment app in India that allows users to pay their rent online, securely, and conveniently. To use Paytm for rent payments, users simply need to create an account and add their landlord’s Paytm ID or account number. Once their landlord’s ID is added, users can make rent payments by entering the amount due and clicking on “Pay Rent”. Paytm charges a fee for rent payments, but it is a convenient and secure way to pay rent. Paytm offers a variety of payment options, including net banking, credit cards, debit cards, and digital wallets.
Cred
CRED is a members-only app that helps users pay their bills, manage their finances, and earn rewards. One of the most popular features of CRED is its rent payment option. CRED allows users to pay their rent online using their credit cards and earn rewards. This is a great way to improve your credit score and earn points that can be redeemed for gift cards, travel, and other rewards.
To use CRED to pay your rent, you can create an account and add your landlord’s details. Then, enter the amount of your rent and select your credit card. CRED charges a fee for rent payments, but it is a convenient and secure way to pay rent. You can also set up automatic payments so that you never miss a payment.
NoBroker
NoBroker is an online platform that helps people find homes and apartments to rent. It also offers a rent payment service that allows tenants to pay their rent online using their credit cards or debit cards. This service is convenient and secure, and it offers a number of benefits for both tenants and landlords.
Magic brick
Magicbrick’s rent payment service offers a number of benefits for both tenants and landlords. For tenants, the service is convenient, secure, and rewarding. Tenants can pay their rent online from anywhere, at any time, and they can earn rewards for using their credit cards. For landlords, the service is convenient and secure.
Conclusion:
With the rise of digital rent collection apps, landlords now have efficient tools at their disposal to streamline the rent collection process. Among the top contenders, RentOk stands out as the best rent collection app, offering automatic rent reminders, multiple payment options, instant receipts, swift settlements, and tenant rewards. Additionally, Paytm, CRED, NoBroker, and Magicbricks provide secure and convenient alternatives for tenants and landlords alike.
