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Beryl

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Posts: 1
Reply with quote  #1 
I'm a relatively new landlord with only one rental but don't have time or interest in handling checks.   Fortunately, my renter agrees and we tried Paypal.  I didn't research as much as I should have and Paypal took out $51.05 for a single transaction (2.9% +.30).    No more Paypal for rents!

eRentPayment looks good (no negatives so far from BBB or online comments) and the $3 fee per transaction with no set up fees is reasonable so I signed up.   I'll give my renter a few dollars off on his next rent because of the inconvenience of switching from Paypal.

Any thoughts on this service?

adamwhitewater

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Posts: 33
Reply with quote  #2 
a new landlord here.  

why not just ask them to set up a direct deposit from their checking account? wouldn't that be easier and save money?

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Nicole

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Posts: 1
Reply with quote  #3 
To reply to the eRentpayment.com service.  I love it!  As a homeowner of 2 San Diego rental properties that temporarily lives out of the country, eRentPayment has been a lifesaver.  No messing with checks or causing renters transfer fees.  I love the fact that as soon as a payment has been made I am instantly notified the name of the person and the amount that was deposited so I don´t even have to check my bank statement.     

As a vacation rental company with almost 50 rental properties (my newest job here in Puerto Vallarta) I have used eRentPayment for all my vacation rental payments for clients in the States.  There is no easy or cheap way to transfer money to Mexico so this has been the most efficient and economical way to not only accept payments but pay out homeowners as well.  I have even opted to use eRentPayment over credit card payments as it is much more affordable as a small business owner and doesn´t incure transaction fees. 

If you'd like me to share any other experiences I´d be more than happy to.    

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jabast

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Posts: 1
Reply with quote  #4 
Hi,
I have one property that I am renting and decided to try eRentpayment.com. The site is really easy to use for both, the property manager/owner (me) and my tenants. They did not have any issues signing up for the service and the payments posted in 3 days on my checking account. Additionally, their fee ($3) is extremely reasonable, and it is deducted separately from rent deposits, making end of year accounting easier. I totally recommend the service. Drop me a line if you have any questions....
Javier

tenantfile

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Posts: 4
Reply with quote  #5 
It is a good service which is very much beneficial for landlords .Because now  they are not required to use the cheque book for payment.All the work will be done online through paypal .It will save most of the time of landlord and tenat also.


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roome

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Posts: 9
Reply with quote  #6 
How the heck does eRentpayment.com make any money if the subsidize their own merchant fees? There is no getting around credit card processing fees.

Do they do bank to bank transfers instead of credit cards?

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Eveleen

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Posts: 16
Reply with quote  #7 
Yes,eRentpayment is really useful.

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j_dumas

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Posts: 5
Reply with quote  #8 
agree with adamwhitewater.  not sure why most landlords don't do this...  
The_RRD

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Posts: 58
Reply with quote  #9 
The Rent Rite Directory offers a free Rental History database to Property Managers and Owners that allows members to input as well as search evictions (before they hit public record), tenants who skip out on rent/collections, proxy renters (those who rent on behalf of unauthorized tenants ie: drug dealers, sex offenders, convicted felons), those who commit lease violations, property damage, and on-property crime. http://www.therrd.com Please help share information with other Real Estate Professionals. 
Lucas

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Posts: 5
Reply with quote  #10 
Hey Beryl,

I've found ClearNow to be super useful when trying to collect rent electronically.  I run a website called Landlordology.com and I've looked at a bunch of different tools for rent collection.  If you want to get fancy, you should integrate it into some property management software, but if you need something simply, ClearNow is the way to go.

I've listed the best Landlording tools in various categories on my Resources page.

Good Luck!

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Lucas Hall
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atlantarentals

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Posts: 1
Reply with quote  #11 
http://www.erentpayment.com... think that this is the site your speaking of??? It works great for us and the tenants pay the $3.00 fee.... I DO NOT recommend giving the tenants a person or business bank account number for many reasons. Not only fraud...but if for example you are filing an eviction adn the tenant put's ANY money in your account...here you have to start over! That is more expense...you never know when a good tenant will turn bad...


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mariomendola

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Posts: 1
Reply with quote  #12 
Erentpayment is quite useful,paypal is also good option.
mikebuss

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Posts: 7
Reply with quote  #13 

Hi all,

I've been a landlord for about 4 years now. This summer I will be a tenant in another province while keeping my property at home. I've been frustrated with aspects of both the renting and leasing process and would like to create a product to change that.

My co-founder and I are looking to create a website that improves on the existing home rental sites that are out there...we want to make something more usable and easy to navigate for both landlords and tenants.

We are currently gathering info from a google survey that we made. If you would take the time to fill it out it would be greatly appreciated. I would love to get your perspective on what you think would be a useful product for you.

The survey is very short (12 questions). Here is the link:

For Tenants - https://goo.gl/forms/VgpChqb82qLu301T2 

For Landlords - https://goo.gl/forms/gedrA6BllxJaHKxr2

Thanks so much!

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