Absolute client money confidence
PayProp holds all processed funds directly in CMP-recognised NatWest client accounts, providing Financial Service Compensation Scheme (FSCS) protection. Additionally, PayProp carries separate professional indemnity insurance to cover any unforeseen eventualities.
Automatically match payments to the right tenants in a few seconds – no matter how your tenants choose to pay.
With one end-to-end process, our streamlined rental payments can have you receive, reconcile and pay out rent on the same day the tenant pays.
Flexible payment rules
Maintain total control of your payments with flexible rules, pre-set by you per property. Once rent is paid and reconciled, the money goes where you need it to.
Automatically hold rent in reserve for those little property emergencies. Our Property Account lets you pay approved contractor bills, taxes and other expenses without needing to invoice your landlord or wait until the rent is paid.
- Landlords get paid faster
- Receive your commission as soon as the rent hits your account
- Attract & retain the best contractors
- Pay overseas landlords quickly
- No more money transfer headaches
Bill certain fees to the tenant.
- Saves time
- Your agency does not have to front the cost of payments
- Automatically billed to the tenant
- Unlimited number of user accounts
- Customised user permissions
The product and service they offer would not only provide a better service than what we were already giving clients, but would also greatly reduce our time collecting rental payments, sending statements, paying contractors etc., amongst other numerous time-saving benefits which PayProp’s service provides. Absolutely brilliant!
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.