Simplify Collecting Rent and Reporting Payments

You can now have your tenants' payment history automatically reported to Experian, TransUnion and Equifax.

Collect Rent Online

ApplyConnect has partnered with PayRent to help make paying rent online simple, affordable, and beneficial for renters. Rent payments aren’t commonly a factor in a consumers’ credit score, even though for many people it’s their largest expense. Help your renters build their credit, and improve the information available for properties to select the most qualified applicants that are most likely to pay their rent on-time.

LEARN MORE

Report Rent Payments

In addition to making it easy for your tenants to pay rent each month, they'll have the added benefit of building their credit with each payment. PayRent reports your tenants' payments, whether positive or negative, to all three major credit bureaus - Experian, TransUnion and Equifax.

Automate Rent Collection

The tools and features included with your PayRent account allow you to setup each property with ways of automating the way you collect rent each month. This includes payment reminders and late fees to keep your tenants informed about their financial expectations while renting your property.

Safe & Secure for Rentals

All sensitive information, such as tax and bank details, are stored in PayRent's hacker-proof vault. Rent payments go through a secure real-time bank balance verification before payments are made, and your personal bank information is kept completely private.

Rent Collection Protection

RentDefense™ is a unique collection of features available through PayRent to provide you with a financial safety net from tenants who stop paying. Using a combination of bank balance verification and payment controls, RentDefense™ helps make sure you get paid when it's due and protects you from lost rent.

GET STARTED

How it Works

report rent payments

Sign up for Free

You can use PayRent for free! Once you've signed up and your identity is verified with PayRent, you'll be ready to accept rent payments in about 5 minutes.

collect rent simply

Add Your Properties

Adding rental units is easy. Each unit can be set up with custom settings for payment due dates, notifications, late fees and scenarios where you'll want to block payments.

rent notification

Invite Your Renters

Add your tenants' information and PayRent will email them to create their accounts. Tenants receive guidance and support from PayRent to help them get started paying online.

GET STARTED

Powered by Payrent LLC Learn More

Frequently Asked Questions

Do I need to bank with a specific bank?

No. Like most rent collection apps, PayRent can deposit your rent payments to any bank with branches in the United States, usually within 3 days from when rent payments are made.

What are the options for paying ACH transaction fees?

As a landlord, you have the option to absorb the ACH transaction fees, pass them through to your renter, or split a percentage of the fees between both parties.

Is there a maximum transaction limit?

Yes. Our maximum per transaction is $50,000 USD. However, there is no limit to the number of transactions per month or per property. Splitting rent payments into multiple transactions is acceptable.

Who pays for credit card transaction fees?

Making rent payments using a credit card is considered to be a convenience for a renter and is significantly more expensive than ACH. Renters pay all credit card transaction fees. There is no option for landlords to absorb or split these fees.

Can I create more than one PayRent account?

Yes. You can create as many PayRent accounts as you need. Many Landlords create separate accounts for each property or group of properties. You will need a unique email address for each account.

Can I prevent renters from making payments?

Yes. Each property has an option to prevent payments which can be manually toggled on or off at your convenience.

How do my renters enroll in the service?

Once you are signed up and logged into your dashboard, you have the ability to send an invitation to your renters via email. They can click on the link in that email and sign-up for the service.

Will I receive a 1099K?

Internal Revenue Service rules require that we distribute an IRS 1099-K only if you exceed 200 transactions AND process more than $20,000 in rent payments annually through our service.

GET STARTED

Powered by Payrent LLC Learn More

Simplify Collecting Rent & Reporting Payments

You can now have your tenants' payment history automatically reported to Experian, TransUnion and Equifax.

Collect Rent Online

ApplyConnect has partnered with PayRent to help make paying rent online simple, affordable, and beneficial for renters. Rent payments aren’t commonly a factor in a consumers’ credit score, even though for many people it’s their largest expense. Help your renters build their credit, and improve the information available for properties to select the most qualified applicants that are most likely to pay their rent on-time.

LEARN MORE

Report Rent Payments

In addition to making it easy for your tenants to pay rent each month, they'll have the added benefit of building their credit with each payment. PayRent reports your tenants' payments, whether positive or negative, to all three major credit bureaus - Experian, TransUnion and Equifax.

Automate Rent Collection

The tools and features included with your PayRent account allow you to setup each property with ways of automating the way you collect rent each month. This includes payment reminders and late fees to keep your tenants informed about their financial expectations while renting your property.

Safe & Secure for Rentals

All sensitive information, such as tax and bank details, are stored in PayRent's hacker-proof vault. Rent payments go through a secure real-time bank balance verification before payments are made, and your personal bank information is kept completely private.

Rent Collection Protection

RentDefense™ is a unique collection of features available through PayRent to provide you with a financial safety net from tenants who stop paying. Using a combination of bank balance verification and payment controls, RentDefense™ helps make sure you get paid when it's due and protects you from lost rent.

GET STARTED

How it Works

report rent payments

Sign up for Free

You can use PayRent for free! Once you've signed up and your identity is verified with PayRent, you'll be ready to accept rent payments in about 5 minutes.

collect rent simply

Add Your Properties

Adding rental units is easy. Each unit can be set up with custom settings for payment due dates, notifications, late fees and scenarios where you'll want to block payments.

rent notification

Invite Your Renters

Add your tenants' information and PayRent will email them to create their accounts. Tenants receive guidance and support from PayRent to help them get started paying online.

GET STARTED

Frequently Asked Questions

Do I need to bank with a specific bank?

No. Like most rent collection apps, PayRent can deposit your rent payments to any bank with branches in the United States, usually within 3 days from when rent payments are made.

What are the options for paying ACH transaction fees?

As a landlord, you have the option to absorb the ACH transaction fees, pass them through to your renter, or split a percentage of the fees between both parties.

Is there a maximum transaction limit?

Yes. Our maximum per transaction is $50,000 USD. However, there is no limit to the number of transactions per month or per property. Splitting rent payments into multiple transactions is acceptable.

Who pays for credit card transaction fees?

Making rent payments using a credit card is considered to be a convenience for a renter and is significantly more expensive than ACH. Renters pay all credit card transaction fees. There is no option for landlords to absorb or split these fees.

Can I create more than one PayRent account?

Yes. You can create as many PayRent accounts as you need. Many Landlords create separate accounts for each property or group of properties. You will need a unique email address for each account.

Can I prevent renters from making payments?

Yes. Each property has an option to prevent payments which can be manually toggled on or off at your convenience.

How do my renters enroll in the service?

Once you are signed up and logged into your dashboard, you have the ability to send an invitation to your renters via email. They can click on the link in that email and sign-up for the service.

Will I receive a 1099K?

Internal Revenue Service rules require that we distribute an IRS 1099-K only if you exceed 200 transactions AND process more than $20,000 in rent payments annually through our service.

GET STARTED

Powered by Payrent LLC Learn More