The year is 2011 and it’s fair to say that most residents own a computer and a cell phone.    Since most renters have the tools necessary to pay electronically, management companies should take advantage of all the inherent benefits in digital transactions. Additionally, as technology shifts to mobile devices and PDAs, it will also make sense for apartments to expand their electronic payment options into the mobile payments arena or at least partner with a company that does.

Mobile payments are an increasingly popular form of electronic transactions and include payments by text message, smart phone apps, and through mobile web browsers.  Payments by text message are the fastest growing payment method for RentPayment customers, averaging 1,000+ sms rent payments per month. Accepting mobile payments can be a solution to many of the recurring problems Property Managers face each month.  For example, mobile payments are perfect for residents who need to pay when they are out of town and for renters that need to pay after hours or at the last minute to avoid a late fee.   For Property Managers, it’s extremely helpful to be able to accept payments 24/7 and give renters several flexible options for how they can turn in payments.  With this is mind, why would property managers bother themselves with slow paper checks or late rental payments from forgetful residents?

Research suggests the insecure stigma often associated with mobile payments may play a role in the lack of mobile payment adoption but RentPayment customers show no signs of delay.

Despite the high number of American households that utilize mobile payment solutions, many still question the security of these mobile devices.  A recent study by Mobio Identity Systems reported that 51% of respondents have made one or more mobile payments within the past three months.  However, the same study reported that 94% of respondents would make mobile payments if they could be ensured of its security.

For RentPayment clients, security clearly is not an issue. Property managers can assure residents that all mobile payments processed through RentPayment’s mobile interfaces are 100% secure.  RentPayment’s mobile payment options, including RentByText and the iPhone app, pass rigorous audits to ensure that all renter credit card data and personal information is “lock and key” safe.   If security is the issue, then RentPayment is the solution.

More about RentPayment’s Mobile Payment Options:

RentPayment is truly the industry leader in mobile payments for today’s on-the-go renter.  We are the only payment processer with a channel to accept payments via text message through RentByText and the only payment processor with an iPhone app exclusive for payments and any RentPayment community.  In addition, mobile payments can be made over the phone using both IVR (automated voice response) and live Client Care Representatives 24/7.

Allow RentPayment to be your leasing tool for apartment rentals!  With RentPayment, property managers can supply an amenity any renter would love to have: the efficiency of quick, convenient, effortless and most importantly SAFE digital transactions!