Payprop: automated rental payments
Automated rental payments for property managers
Manage your rental payments and properties online, book a free no-obligation demo today at payprop.co.uk/join
PayProp automates all incoming and outgoing payments of lettings portfolios, allowing agents to quickly and easily collect and reconcile rents and pay all beneficiaries in a few seconds. PayProp client accounts are plugged directly into the banking system, so balances are real-time and accurate.
Agents’ client money and deposits are safe in PayProp’s audited client environment. View live deposit balances and movements per tenant, set custom user permissions for every type of system action, and see detailed, date-stamped audit logs of all users’ actions.
Live arrears management
Dramatically improve rent payments with automated mobile and e-mail reminders, and track the live arrears status and debt position of tenants.
A wide range of PayProp reports offers transparency of all transactions over any date range since becoming a client. Keep landlords informed with owner statements (incoming and outgoing payments) and property statements (for tax returns). Identify high-risk tenants with live dashboard views of payment status, deposit values, value of next invoices and more.
A friendly team of UK-based professionals is ready to help. PayProp clients get free unlimited support and training for the lifetime of their contract.
Access PayProp from anywhere at any time and on any device. All team members see the same live information and are protected by the same bank-grade security.
Priced to grow
PayProp is priced as a percentage of client account revenue. Only pay for what you process! There are no long-term contracts, so you can cancel anytime. Do more and grow faster without adding to your cost base, and add as many users as you need at no extra charge.
Offer to members
PayProp offers a 10% discount to Propertymark members.
Industry supplier news
The outsourced provider of client accounting services has won the Queen’s Award for Enterprise in 2021, in the innovation category for its Client Money HealthChecks and commended for being ‘outstanding’.
TDS ran a poll amongst letting agents to find out where the most time was spent in the tenancy deposit process. Nearly half of agents reported that dealing with deposit disputes took the most time, with over a third stating that the end-of-tenancy was heaviest on administration.
Inadequate or insufficient insurance cover may result in serious financial loss and can affect organisations of any size, and the pandemic has resulted in many businesses reviewing their cover in a more challenging environment.