Mastering your own rental income shouldn’t cost you: be it time, energy or even money. Here at HousingAnywhere, we’re all about minimal input for maximum output.
That's why we've built a free, easy and efficient Online Rent Collection system for payment requests. We asked ourselves: why stop at the first month’s rent? Why not enable sustained rental income for our advertisers, right on our platform, for the duration of the tenancy? So that’s what we did: extended and enriched your rental cycle.
Immediately after you and your new tenant have confirmed the booking on the platform, you can send them requests for payments; in other words, fees supplementary to the first month’s rent. Deposits, any furnishing costs, the second month’s rent, the sixth, and so on. You can request all of these payments from the centralised comfort of the platform. And that’s it. Click ‘request’ and we’ll handle the collection.
Based on the due date you have set for the request, we’ll regulate the reminders, automatically sending them from our system to your tenant in advance of the due date. We’ll only be in touch to let you know when we've collected the money, paid it out or when it's overdue.
How does scheduling payments for the entirety of the rental period sound? Pretty good, right? That’s essentially what payment plans are! A payment plan is a collection of payment requests generated at the same time.
Create a payment plan and send multiple payment requests to your tenant in one go to save yourself time down the line. You can generate a bulk payment plan in a few simple steps and track and cancel the individual requests whenever you like. After you’ve created the plan, we’ll regulate the reminders for your tenant and let you know when they’re paid, just as we do with individual payment requests.
IMPORTANT NOTE: For security reasons and in line with our anti-fraud measures, if your tenant has yet to move in but has paid a request, we will hold on to the money and only transfer the funds to you 48 hours after the tenant has moved-in. This is the same protocol we apply to the payout of the first-month’s rent.
Remember that in order to send payment requests to a user, they must have first booked your property, i.e. they must officially be your tenant.
There are 2 ways you can send your confirmed tenants payment requests:
1. After logging in, go to your inbox and select the conversation with the tenant you want to request a payment from.
2. Select ‘SEND A PAYMENT REQUEST’ or 'CREATE PAYMENT PLAN' and fill out the fields. The payment category, ‘Amount’ and ‘Title’ are required fields, meaning they must be filled in order to generate the request. If you're creating a recurring request (e.g. the monthly rent) via a payment plan, use the date picker to select the date the payment will be due for every month of the plan.
3. Once you’ve checked all information is correct, you can submit the payment request/ payment plan and trigger the series of notifications and reminders for your tenant.
4. If you sent a single payment request from the chat and want to send that tenant another request, you can do so by selecting the ‘SEND ANOTHER PAYMENT REQUEST’ button.
Verify your phone number with HousingAnywhere, so that you can access your payment overview from the navigation bar.
Click on the drop-down arrow by your name in the top right-hand corner.
Select Payout settings then Payment requests to be taken to your overview.
Click the ADD NEW button.
Select a tenant by searching either on name, house or alias.
Create as many requests as you like by filling out the title, type, number of months you want the payment to repeat for (e.g. monthly rent for 7 months or ‘one-off’ deposit ), due date and amount.
Save or delete each request before adding another to the payment plan.
When you're ready, create your payment plan!
Creating payment requests via HousingAnywhere will save you the time you would usually spend trawling through your personal emails, papers and records to find the name of your tenant, the rental property address and the duration of the rental period; these details are automatically filled by us!”
So there you have it: HousingAnywhere’s Online Rent Collection. We will continue to expand this feature so stay tuned! We hope our Online Rent Collection system radically improves your experience with the platform, and frees up a lot of time in your schedule.
If you have any questions about HousingAnywhere’s Online Rent Collection, then please do not hesitate to contact our team or check out our FAQ page.