How to Facilitate Your Tenant’s Rent Payments

When leasing your place out to someone, receiving your rent payments can be a monthly source of stress for both you and your tenant. Fortunately, there are different ways in which you, the landlord, can facilitate your tenants’ rent payments each month.

Solution 1: Paying online through Roomlala

Roomlala offers more than 40,000 places to rent, including flatshares and homestays in the UK, Europe, US, Australia, and New Zealand. With years of experience in this field, our payment system has evolved to make it as easy as possible to transfer money from the tenant to the landlord. In cases when the tenant is renting for a longer period of time, the tenant can now pay up to 3 months’ rent online via Roomlala's website. This is greatly beneficial for the landlord as they don't have to worry about when they will be receiving rent payments. It’s equally beneficial for the tenant as this is a quick and easy process; all it takes is a few clicks on our website! We guarantee a secure platform for online payment, and Roomlala pays the rent to the landlord 48 hours after the tenants’ arrival.

Solution 2: Direct Debit

After the first 3 months of using Roomlala's payment system, we recommend that you set up a direct debit. This is to ensure that the rent money is transferred on time in case the tenant forgets to transfer the money on time for various reasons. With a direct debit, the money is automatically transferred from the tenant's bank account at fixed intervals. You can set up a direct debit with your tenant; just let them know that they should contact their bank to set it up. We also suggest that you forward the rent receipts to the tenant after the payment has been transferred to your account. Furthermore, we advise landlords to always be cautious when renting. Feel free to check out our blog for general advice on subjects such as How to Avoid Unpaid Rent, and How to Successfully Post a Roommate Ad.

Author: Roomlala

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