Frequently, Property Management Companies in Columbia, SC are the busiest at the beginning of the month. Although, they send out and review their clienteles monthly statements they also are responsible for administering their renters who are obliged to pay their monthly rent promptly.
As part of their job, they will send out reminders to late payers to avoid failure of payments. They send these reminders in order to motivate early payers while penalizing those renters who do not pay on time. Moreover, the best way to make sure that tenants pay on time is to have a convenient way for them in place to pay their bills.
The Advantage of using a Smartphone to pay bills
As times are changing with technology updated every day and people’s lives getting busier by the day the one item that most people own these days is a Smartphone. The majority of Columbia, SC Property Management, tenants owns a Smartphone and from recent studies, they are using their phones with great results.
Here are some excellent things resulting from people using the Smartphone:
- One out of five people takes the advantage of using payment systems available on their phones and has fulfilled more of their monthly obligations than in the past
- One out of five users utilizes the mobile-friendly approach of paying their bills at least twice a month
- There are three out of four people that use two types of new methods to pay their bills every month
- Three out of four persons claim that using different options for paying bills has become more helpful to them
- Three out of four people use the Internet banking services to pay their bills online at least one bill paid in a single month
- One out of five people who have never used the Internet before said they had issues with payments as they could not monitor their transactions correctly
- Seven out of ten people who are experienced with electronic services declared they preferred the digital billing as it provides them with ease of convenience
- And five out of ten people appreciated the speed payments when paying regular bills
Broaden the Horizons for Rent Payments
Broadening the horizons for rental payments, providing tenants with payment options is beneficial for any Property Management in Columbia, SC. With determination, things will turn out better when property management becomes more mobile-friendly.
By adding Smartphone payment options, it will be convenient for both the renter and the Landlord. By letting your renter decide with numerous options available, they will choose the best-suited option available to them in paying their monthly rent on time – you will most likely see a boost in the on-time rental payments.
You may be surprised that tenants will be more capable of paying the rent on time by using their mobile phones. While this option may take a bit more setting up to perfect providing them with an on the go payment system, it remains in effect and growing fast to gain the best results.