How to Choose the Best Rent Collection App

Posted by Remen Okoruwa on Oct 26, 2020 9:00:00 AM

rent collection apps

Rent collection apps simplify the entire process of collecting rent online. You reduce the risk of check fraud, which cost $15.1 billion in 2018. There are plenty of apps out there that offer more than just rent collection. It’s tempting to click on the first “free” option—but do we get anything for free nowadays?


What Features Should You Look Out for in a Rent Collection?

First, check that all the features in the property management app are free—not just a trial version. Also, some apps have certain services are free, but there’s a cost for premium ones.

In some cases, the app might be free for the tenants, but landlords must pay per property. Others are free for the landlord, but tenants must pay a fee—which could be off-putting. Aside from the ability to collect rent online and the fees, here are some of the other features you may want to consider:

  • Payment notifications
  • Automatic billing for late payment fees
  • The ability to take security deposits
  • Summaries of your rental units
  • Options to manage leases

4 of the Best Rent Collection Apps

1. TenantCloud

This cloud-based rental accounting and management app has a basic account for both landlords and tenants, which is free. Landlords are able to accept online payments for up to 75 units. Tenants have different free payment options, but will have to upgrade if they want to pay via PayPal.


2. ManageCasa

ManageCasa is ideal is you have 1-3 rental properties, as it is free for both landlords and tenants. You can also take advantage of lease management, maintenance, file management, tenant portal and messaging, among a few other features.


3. PayRent

Tenants must pay fees for bank transfers and payments by debit or credit card, but the service is free for landlords. This includes automated rent reminders, ability to receive partial payments, and options to accept payments via card or e-check.


4. RentDrop

RentDrop is free for tenants and landlords regardless of the number of properties being managed. There is an excellent range of payment options, automatic late fees, payment reminders, collection of security deposits, and more!




Remen Okoruwa is the co-founder of RentDrop, a free software tool that helps landlords and property managers collect rent and maintain their units. 


Topics: Guest Posts

Learn About Our Loan Programs

Most Popular

Disclaimers: Please note that our blog contains affiliate links, and at no additional cost to you, Visio Lending will earn a commission if you decide to make a purchase after clicking through the link. As an Amazon Associate, I earn from qualifying purchases. Please understand that we have experience with all of the companies we recommend, and choose to refer our borrowers and partners because they are helpful and useful, not because of the small commissions we make. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.


The information in this blog has been prepared solely for informational purposes. The contents are based upon or derived form information generally believed to be reliable although Visio accepts no liability with regard to the user's reliance on it. For legal advice, please contact your counsel.