Stay ahead of arrears
Long-term arrears trends
Every month PayProp’s management reports will give you a snapshot of tenant payment data, letting you see how effective your team is at chasing arrears.
Dashboard arrears alerts
PayProp knows exactly when the rent is due for each of your tenants. If a tenant misses a payment, it is automatically highlighted on your PayProp dashboard so you can take action.
More ways to pay
Your tenants get many easy ways to pay with PayProp, including online, via bank transfer and using Direct Debit – so no matter if the bank is closed, they can still pay the rent.
Instant arrears alerts
PayProp shows and notifies you when a tenant hasn't paid. Send e-mail and text reminders easily from within the system – 64% of tenants respond within 48 hours.
Prevent and reduce arrears
Tenant Assessment Report
- More information than a normal credit report
- Always available for free
- The PayProp Rental Risk Score
Tenant payment profiles
- Building a better picture of tenants’ ability to pay
- Data-enriched Tenant Assessment Reports
Rent arrears letters
- Generated at the push of a button
- Completely transparent
- The arrears amount is read directly from bank files, which are integrated with the PayProp platform.
Letters of demand
If tenant arrears are not reduced as a result of PayProp’s friendly payment reminders, agents can send the tenant a letter of demand through the PayProp system. This letter is a formal legal instrument and can be used as a precursor to an eviction notice if the tenant still fails to settle their debt.
Trusted by thousands of management firms around the world
- No long-term contracts
- Seamless onboarding
PayProp’s advanced industry trends analysis keeps you fully informed, allowing you to make the best decisions possible for your lettings business.
Security and compliance
Thousands of letting agents trust PayProp to manage their payments, so our top priority is to ensure that their data is kept secure.
Catch arrears before they become a problem with live payment status views. Send proactive reminders via e-mail and text message.