Collecting Rent Just Became Easier… and Flexible

We can all use a little flexibility in our lives—especially when it comes to paying rent. With the all-new Flexible Rent feature, available to Rent Manager and Zego customers, your residents will gain the flexibility they need to pay you while ensuring you’re paid in-full and on-time. Through Zego’s partnership with Best Egg, tenants can pay their rent in installments that work best for their monthly budget and cash flow with Flexible Rent. This gives you peace of mind knowing you’ll receive full, on time rent payments. Further, it allows you to protect your revenue, reduce time spent on collections, and differentiate your property with a groundbreaking payment solution.

Benefits of a Flexible Rent Solution

Flexibility for Residents, Zero Risk to Your Cash Flow

With a flexible payment solution, you won’t have to worry about receiving late payments from your renters. You can empower them to create a flexible payment schedule that works for their pay schedule and budget—saving you valuable time and increasing your cash flow.

Reduce Time Spent on Collections

Collecting rent can be frustrating. While necessary, sending payment reminders on a consistent basis can take time and resources that you may not have. By automating manual payments, you’ll no longer have to send unpleasant emails or knock on any doors because fees will be on time, protecting your company’s revenue.

Boost Resident Satisfaction

With rent at an all-time high, giving your residents the option to pay you according to their own budget and cash flow is definitely a perk they’ll appreciate. Further, it can potentially reduce turnover at your property.

How does Flexible Rent Work?

With Flexible Rent, you’ll provide residents with payment flexibility—the smart way. Here’s how it works:

Step One: Select Flexible Rent Payment Option

Residents log into Rent Manager’s Tenant Web Access (TWA) portal or the rmResident mobile app and select the Flexible Rent Payment option.

Step Two: Establish Custom Schedules for Payments with Best Egg

Residents apply and if approved, split their rent payments up throughout the month for an affordable subscription fee.

Step Three: Payments are Made

Once schedules are finalized and the first installment is paid, you’re paid in full and on time by Best Egg.

Conclusion

The Flexible Rent feature is a win-win solution for everyone. It allows you to receive rent payments on time and gives your residents real payment flexibility. For more information, contact us today at Sales@RentManager.com.

Best Egg Flexible Rent is issued by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. Equal Housing Lender. © 2024 Best Egg. All rights reserved.