Sometimes, the first of the month comes and goes, and your busy schedule momentarily makes you forget that your bills are due. Oops! You're not alone as more than half of Americans reported paying their bills late due to forgetfulness.
And if you don't forget, paper checks often get lost in the mail, making your landlord less than happy. As the world automates our lives and goes mobile, it's time to move away from cash, checks and money orders as methods of payment for rent.
With RentPay, a platform developed by Rentals.com and RentPath, you can easily do so. The platform allows tenants to schedule and submit rent payments electronically, so they're never late — no more stamps, envelopes or dealing with the post office.
If your landlord still requires a physical check, RentPay lets the tenant submit the payment, and the platform writes and mails a check to the landlord.
If you're still on the fence about enrolling in RentPay, we've got three reasons why you should jump on board.
Similar to your savings, it's best to schedule payments ahead of time, so you don't have to worry about missing a due date. With RentPay, you're able to use the dashboard to schedule your rent payment using debit, credit or eCheck.
The credit option allows you the flexibility to earn points to travel. If you're low on cash or payday is after rent is due, you can still pay your rent on time and keep a roof over your head. No more late fees.
The payments for eChecks are $2.95 per transaction, and credit and debit cards are a flat 3 percent charge. The platform accepts Visa, MasterCard, Discover and American Express. It can all be done through the mobile app, too. How's that for convenience?
You're connected on every level of your routine — from your smart home to your workflow at the office — but your landlord may not feel comfortable with technology. Many rent payment platforms in the market require the landlord to opt-in and choose to offer the electronic rent payments.
RentPay allows renters to pay any landlord, without opt-in on Rentals.com, by creating an account, entering the landlord's information and how to pay them. If the landlord isn't registered, Rentals.com will mail a check to the landlord. You get a notification every time the check is deposited, too.
If the landlord has a Rentals.com account, they'll receive rent payments directly to their chosen bank account — no more paper checks to deposit.
Is your landlord trying to say you didn't pay on time? One of the best features of RentPay is record keeping. The personalized dashboard offers a record of online rent payments, fees, amounts and how the payments were sent.
It's not only helpful with record-keeping, but it also helps when jobs or organizations ask for proof of income or residency. It's easy to print a report with all the necessary information.
Apartment complexes offer online rent payments to their renters, but private landlords often don't. With Rentals.com's RentPay feature, you can pay online with your preferred method and not have to order checks again.
Better yet, you don't have to convince your landlord to opt-in. No more late payments or lost checks in the mail.