Although you might think that paying rent is pretty easy, there can always be certain complications that can result in a missed payment, mistrust from your landlord, and of course, lots of stress related to solving the problem. Now, it is important to find a good landlord, which in today’s time can be extremely hard. What you are looking for, in terms of finding a good landlord, is a correct person that will value your needs and preferences. Beware of rude landlords and people trying to pay you an unreasonable amount of money for a one-bedroom apartment. Also, make sure to inspect the apartment before you move in because when you sign a lease, it will be impossible to move out before having to pay a year’s worth of rent. So, before you move in, make sure to explore all available options and decide on the best one. If you are wondering how to pay rent online, check out the following text below.
Before we start talking about the best ways to pay rent, we must mention the worst because you need to know why to avoid them. Although cash might seem like the most simple option, it has numerous downsides. It can get lost in the process, stolen, and the worse part is that there is no proof of payment. Make sure to avoid cash, as it’s the worst option you can use. Also, paper checks are an extremely bad idea, especially since the only way to know for sure that the check is valid is by cashing it, meaning that you can easily get frauded. Furthermore, checks can be lost in transport, and you’ll have to deal with complications that can easily be avoided. So, it is natural that you want to work with the best possible option by using online rent-paying systems.
However, it might be hard for people who have no experience to learn to pay rent online. And that’s why we’re here to help.
There are two ways to pay your rent online, including using your bank account and directly transferring money onto the landlord’s bank account or by using apps and credit or debit cards.
Watch out and avoid using certain apps that don’t offer important features that can help you minimize the costs. Although certain apps are a great and easy way to send and receive money, keep in mind that there are downsides. So, if you are wondering what those downsides are, check out the following list below:
- You’ll have to pay a subscription fee.
- Also, you’ll have to pay a transaction fee, which is in some cases very high, especially when all the transactions add up at the end of the year.
- You can’t set up an automatic collection of late rents.
Now, we understand that you don’t perceive these downsides as too bad, but there are other, more efficient ways to transfer money.
How Does It Work?
Setting a certain online payment is very simple, and all you usually need to do is set up a renter profile, and then you’ll be prompted to set up the preferred payment method. All you need to do is put up the amount of rent you want to pay to the landlord and when exactly you want to pay it. You can even set up a timer that will automatically send payments at a certain time and calculate the cost of late rent payments. So, it isn’t a complicated process. They’ll also send you a notification ( if you set it up, of course) when the rent payment is due.
Truly professional apps allow their users to pay rent by using bank accounts, credit cards, or debit cards. However, most renters prefer to use bank accounts in order to pay rent. If you want to maximize rewards, we recommend using credit cards. Also, you can connect multiple accounts and use these apps not only for rent but for other expenses as it is one of the best and effortless ways to pay bills, utilities, etc. You can even transfer money between your friends and family members as long as they download the same app. As you can see, paying rent online isn’t rocket science meaning that you can transfer money with absolutely no effort. However, we must say that not all apps grant security which is pretty problematic since you’re leaving personal data. Furthermore, if you have a pretty big amount of money on your card or bank account, you’re risking that somebody will clean your card. Although most similar frauds are easily traceable, there are some cases where the stolen money was never returned.
As mentioned above, in some cases, these apps used for paying rent aren’t very reliable, meaning that the whole situation can backfire on you. So, we advise checking out all available options before deciding on the best one. Also, you can ask your friends and family member for recommendations or even your landlord if he’s already using a reliable app.
In any case, the internet allows you to get well informed on the best apps used to pay rent and similar expenses. Watch out for paid ads, and try to dig a little bit further in order to find the best app that will suit your needs without questioning security.
So, we hope you found some useful information on the subject that will help you pay your rent online efficiently and effortlessly. Taking care of your liabilities as a tenant is not as easy as it seems. Hiring a reliable NYC property management agency to represent your interests with a landlord will help you choose the best rent-paying option for your needs.