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Client accounting & payments built for letting agents
Built for letting agents, PayProp simplifies rent payments and client money management. All designed to work alongside your property management software.
PayProp automates rent reconciliation, arrears, landlord payments and reporting, giving your team more control with less manual admin. It scales with you, from independent agencies to large, multi-branch operations.
Save time & grow
PayProp-powered agencies grow on average 20% in their first year of using PayProp
When your team isn't buried in monthly reconciliations, they can focus on growing the portfolio. PayProp runs the rent cycle continuously instead of a month-end scramble. Rent is matched, commission calculated, and statements sent on schedule. Agencies reduce monthly admin hours while gaining capacity to take on more business.
Everything a growing letting agency needs
Intelligent rent reconciliation
PayProp connects directly to the banking network. Payments are matched to the correct tenant and property, with any issues clearly flagged for your team. Commission is calculated, and landlord and contractor payments are prepared for approval in seconds, not hours.
Live arrears management
Stop discovering missed payments at month-end. PayProp flags late rent as soon as it's overdue. Branded SMS and email reminders are sent automatically. You stay informed without effort, and your landlords stay paid.
Compliance records & audit trail
Every payment, invoice, and receipt is logged with a clear audit trail. PayProp automates rental payments, tracks arrears, and helps ensure compliance, with client funds held in a dedicated FCA-authorised NatWest account.
Grow your agency without being tied to the back office
PayProp standardises financial workflows your team would otherwise do manually. You keep visibility and control while repetitive processing runs consistently in the background.
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Automated rent reconciliation frees your team to focus on winning new instructions
Live arrears visibility shows you where attention is needed across your portfolio
Professional management reporting your landlords can see for themselves
Stay compliant without the admin overhead
Stay legally compliant without the headache. PayProp keeps all client money and rent payments in a separate ring-fenced account at NatWest. Every transaction is tracked, giving you a full audit trail with no extra admin.
Client money is kept separate from your agency’s operating funds
Every transaction creates a clear, reportable audit trail
Clear, accurate records give your team greater visibility and control
how it works
Live in weeks, not quarters.
Get your team live quickly, cut manual payment admin and create more room to manage new instructions.
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Connect your new NatWest bank account
Connect your NatWest bank account
PayProp integrates directly with NatWest, a trusted bank, connecting your client account to the platform.
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Import your portfolio
Import your portfolio
Landlords and tenancies are migrated to PayProp, ready to scale.
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Automate everything
Automate everything
Rent is matched automatically, statements go out on schedule and landlords get paid the same day.
What the numbers actually say
Most Directors think they're losing hours to accounts admin. They're actually losing days. PayProp gives them back to you.
3-5 Days
Reclaimed every month
Month-end processing that used to consume most of a working week - including Saturdays - now takes a couple of clicks.
John Prest Property Management • 500 Properties
10 min
Daily reconciliation time
Haymills went from hours of manual matching everyday to 10 minutes per session - whilst doubling their portfolio to 600+ properties.
Haymills • North West London • 600+ Properties99%
Of landlords paid same-day
Previously 2-5 days after rent was received. Haymills now pays the majority of landlords on the same day rent comes in.
Haymills • North West London • 600+ Properties42%
Portfolio growth in 12-months
42% porfolio growth in 12 months. Same team. Less admin. More time to win business.
Owner • Shanta Residential • 200+ PropertiesFrequently asked questions for letting agents
Do I need to be an accountant to use PayProp?
No. PayProp was built around how letting agencies really work. It uses familiar lettings terms and workflows. It does not expect your team to become accounting experts. The platform automates much of the repetitive financial work while showing you clearly what needs your attention.
How quickly can my agency get set up on PayProp?
Most agencies are fully onboarded within a few weeks. Our UK-based team manages the migration, including importing your current tenancy data, to minimise disruption to daily operations.
Does PayProp integrate with my existing property management software?
Yes. PayProp works alongside the tools your agency already uses, including Reapit, Xero, Mailchimp, Fixflo, Homebox and PadBoss. As a specialist payments and client money platform for lettings, it works alongside your wider tech stack. It does not replace it.
Is PayProp suitable for smaller letting agencies?
Absolutely. PayProp works with agencies managing as few as ten properties right through to portfolios of thousands. Pricing scales with your portfolio size, so you only pay for what you use.
How does PayProp handle client money compliance?
PayProp helps letting agencies keep client funds separate in ring-fenced NatWest accounts. Every transaction is recorded and traceable in the platform. This gives your team a clear audit trail and accurate records that support how client money should be managed and reported on.
Ready to grow your letting agency?
Join 2,800+ agencies globally already using PayProp. Book a one-to-one demo today.
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Third Floor
London
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Registration No. 05405100
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