Mar
10
Why do so few landlords accept automatic payments or online payments for rent?
Posted In: Renting & Real Estate by admin
Our research has found that only 7% of landlords/property mgrs. in the USA offer tenants the ability to have their rent paid automatically from their bank accounts (like a health club membership or electric bill), since it easier for the renter and landlord, why do so few landlords offer this service?
We know why landlords don’t accept credit cards (they charge 2% - 5% of transaction) but why do so few landlords accept online or automatic payments?