{"id":20361,"date":"2018-07-13T05:00:43","date_gmt":"2018-07-13T12:00:43","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=20361"},"modified":"2020-12-25T01:10:55","modified_gmt":"2020-12-25T09:10:55","slug":"electronic-payments","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/electronic-payments\/","title":{"rendered":"Electronic Payments"},"content":{"rendered":"

It\u2019s 2020 and there are still plenty of multifamily properties that are missing out on the benefits of electronic payments. If you\u2019re \"\"<\/a>still not sure if electronic payment processing is worth it, below are five great reasons to make the switch.<\/p>\n

Show prospects that you are not a dinosaur. <\/strong>Today\u2019s renters expect electronic payments. A study<\/a> by the NMHC\/Kingsley reports that 92 percent of respondents consider online rent payment an important resident portal feature.<\/p>\n

If you\u2019re operating under an outdated paper system, you\u2019re making your neighboring competitors more appealing.<\/p>\n

Vendors will dig your modern ways, too. <\/strong>Vendors want to know that they will receive prompt payments for their services. Electronic payments eliminate the \u201ccheck is in the mail\u201d delay which can improve your relationship and promote faster service in the future.<\/p>\n

Make it easier for residents to give you their money. <\/strong>Electronic payments offer convenience, versatility and instant confirmation. That\u2019s why 78% of renters prefer to pay electronically!<\/p>\n

You can also eliminate lost check disputes. All electronic payment transaction can be easily tracked. Automatic record keeping benefits you and your residents.<\/p>\n

Receive more payments on time. <\/strong>When residents can pay by ACH, debit or credit card, text, and WIPS they are more likely to pay on time. (Who wants to pay late fees?)<\/p>\n

Yardi client Roscoe Properties\u2019 Mariana Estrada, Vice President, Operations explains, \u201cWe collected 95 percent of payments due \u2014 on time and electronically \u2014 thanks to Yardi Payment Processing. In the first week of the month we collected $9 million across our portfolio. That\u2019s money in the bank without staff intervention.\u201d<\/p>\n

Make bookkeeping easier. <\/strong>Automated payments save time and improve accuracy. Each transaction is organized and automatically entered into Yardi Voyager<\/a>. There are no bank runs or batches to mail to corporate.<\/p>\n

You can also create receipt batches in Voyager and permanently store the image files. Reduce clutter and human error in one swoop!<\/p>\n

Leave the antiquated paperwork behind and join us in 2018. Learn more about Yardi Payment Processing. Join a webinar<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s 2020 and there are still plenty of multifamily properties that are missing out on the benefits of electronic payments. If you\u2019re still not sure if electronic payment processing is worth it, below are five great reasons to make the switch. Show prospects that you are not a dinosaur. Today\u2019s renters expect electronic payments. A […]<\/p>\n","protected":false},"author":440,"featured_media":20362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[976,1726,29,2425,974,40,287],"class_list":["post-20361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-ach","tag-electronic-payments","tag-multifamily","tag-pay-rent","tag-rent","tag-yardi","tag-yardi-voyager"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"It\u2019s 2020 and there are still plenty of multifamily properties that are missing out on the benefits of electronic payments. 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