FAQ > Online Rent Payments

If all my tenants pay via Online Rent-Payment, will I never have to record rents again?

Automatic Rent Recording with Online Payments

When all your tenants use SimplifyEm.com’s Online Rent-Payment system, the process of recording rent payments becomes entirely automated. The software takes care of automatically tracking and recording all online rent transactions. Once a tenant makes a payment, the system updates your Worksheet, Income & Expense Report, Rent Roll Report, and Tenant Payment History Report in real-time. This automation saves landlords significant time and effort, ensuring that all rental payments are accurately reflected in their financial records without the need for manual input.
However, in the case of insufficient funds in a tenant’s bank account, the situation changes slightly. If a tenant’s payment is rejected due to insufficient funds, the online rent collection process cannot be completed. In such cases, you will need to manually handle the collection of the overdue rent.

You can visit this FAQ to know more on handling insufficient funds in a tenant’s bank account

Once you receive the payment from the tenant offline, whether by cash, check, or another method, you’ll be responsible for manually recording the transaction on your worksheet. This allows you to keep your records accurate and up-to-date even when issues arise with online payments.
Overall, as long as tenants maintain sufficient funds for online payments, the system will handle everything automatically, significantly simplifying your rent management process.