Online payment service has recently been quite popular. Today, a person can pay bills or purchase products online. Rent payment is no exception. In fact, paying rent online has added a new dimension in real estate business. It doesn’t only ease the pressure the property owners put on the property managers head, it also helps the tenants to pay rents at any times of the day. Despite the fact that online rent payment system has made life easier for both property managers and the tenants, majority of the tenants prefer paying rents in traditional way to the online payment system. That’s why it is important to motivate tenants to pay rents online.
Following are some tips on motivating tenants to pay rent online:
It is not a good idea to force people to do something. So, as a property manager, you cannot force a tenant to pay rent online. Rather, what you can do is to make a policy and recommend the tenants to abide by the policy.
This may turn out to be a good idea if you want to motivate your tenant to pay rent online. You may give every tenant an incentive of $5 or something like this (depending on how much you can afford) who signs up for online payment system. You may also arrange raffle draw per month and enter every tenant who signed up for the online payment system and give the winner a gift hamper. This will surely encourage your tenant to sign up for online rent payment system.
This could be crucial in motivating tenants to pay rents online. As a property property manager, you may send emails to all of your tenants recommending them to sign up for online rent payment system. You may also place banner in populative places in your property area encouraging tenants to go for online rent payment system. Placing ads in your property management website may also motivate tenants to go for online rent paying system. Even when you are in discussion with the tenants at any occasion you may mention the topic of online rent payment system so that they are motivated.
To conclude, motivating someone is possible with constant efforts. So, stick with your objectives and try again and again in order to motivate your tenants to go for online rent payment system.