PayProp is a cloud-based property management solution designed to help property managers to collect, match and reconcile rental payments for their properties. Key features include payment automation, audit logging, arrears management and reporting.
PayProp’s payment automation feature helps users manage their portfolio by providing a dashboard that displays information about incoming and outgoing payments, income details, portfolio growth rate and more.
The solution offers integration with banks that allows users to automatically post and reconcile payments. It also allows users to view deposit balances and fund movements for their tenants.
PayProp allows users to view live arrears status of tenants including their payment balance information, due dates, latest payment and current status. It also allows users to send automated arrear reminders to tenants via email and SMS. PayProp’s reporting feature helps users to keep records of transaction history and identify high-risk tenants.
The solution charges a percentage of the revenue generated by the property manager. Support is available via phone and email.
Nathan from Home Estate Agents
Employees number: 11-50 employees
Very smooth process and customer support is top notch.
Automates your entire payment and reconciliation process, saving you time and money and all but eliminating human error. Invoices, remittance and payment statements, extensive reporting and accounting facilities.. takes care of all accounting and payment service, so that you can focus your efforts on customer service and growth! Customer support is superb.
What's not to like?! Add document sharing and a few tweaks to reminders and, PayProp will be by far and away the most cost effective tool on the market.
Paul from Room Rentals
Employees number: 2-10 employees
Payprop delivers an immediate view of who has paid and anyone who hasn't instantly. No more checking Bank statements against properties.
This also provides automatic Landlord statements so these before took hours and hours to produce thus reducing and freeing up time to spend serving our customers and Landlords
Straight forward linkage to all properties and payments. 100% accurate with no anomalies.
Time to set up can be tedious, but worth it once populated and updated