Accept rent or lease payments electronically

A hot topic for Dwolla right now is real estate companies, property owners, and property managers.

Until now there has not been an extremely low cost way for these folks to get paid electronically that is easy. Using credit cards and automating the electronic payment hasn’t been easy or cost effective.

This is where Dwolla comes in! Dwolla allows you to accept recurring rent or lease payments electronically. Payments can be made to you online and will cost your company less than handling the physical check.

There are also no bounced checks, no one telling you the check is in the mail, and everything is recorded free of charge. Correctly implementing Dwolla into your real estate operation will:

1. Reduce the time it takes tenants to pay.
2. Reduce the headache in collecting checks.
3. Reduce the cost of managing checks and accounts receivable.
4. Allow tenants to set up their rent/lease payments once and let it run itself.

Accepting rent or lease payments with Dwolla is easy. Below are the steps involved:

• Send your tenants a letter or email.
• Send your tenants a link to your Dwolla hub page. Here is a link explaining hub pages: http://www.dwolla.org/blog/?p=636
• Integrate Dwolla with your current web site. Here are some examples of how others have done that: http://www.dwolla.org/blog/?p=738

You can share these through any form, including:

• Printed on promotional material.
• Shown on your current web site.
• Printed on your invoices.
• E-Mailed to tenants.
• On lease documentation.

These 3 steps will allow you to:

1. Accept recurring payments automatically every month.
2. Benefit from the automatic recording feature and search function.
3. Quickly see who has paid and who has not.

Have questions? Please drop us a e-mail.

Do you have a current landlord you would like to accept Dwolla? Drop us a e-mail and we will even contact them on your behalf.

Read to pitch your boss? Print out this handy information sheet and leave it on his or her desk