{"id":16102,"date":"2021-12-16T16:23:57","date_gmt":"2021-12-17T00:23:57","guid":{"rendered":"https:\/\/www.rentecdirect.com\/blog\/?p=16102"},"modified":"2022-06-17T09:53:44","modified_gmt":"2022-06-17T16:53:44","slug":"online-rent-payment-data-predictions-for-2022","status":"publish","type":"post","link":"https:\/\/www.rentecdirect.com\/blog\/online-rent-payment-data-predictions-for-2022\/","title":{"rendered":"Rentec Direct Releases New Data on Online Rent Payments in 2021, Makes Predictions for 2022"},"content":{"rendered":"

\"Rentec<\/a><\/h1>\n

Full Press Release Available on PRWEB<\/strong><\/a><\/h1>\n

Rentec Direct Releases New Data on Online Rent Payments in 2021, Makes Predictions for 2022<\/h1>\n

Interest in online rent payment services from landlords and property managers is up 16% in 2021, according to Rentec Direct white paper<\/em><\/strong><\/p>\n

DEC 14, 2021<\/p>\n

GRANTS PASS, ORE.- Rentec Direct<\/a>, the award-winning property management software solution, has published a new white paper with data surrounding the latest trends in online rent payments. The data shows that applications for online rent payment services from landlords and property managers have increased by almost 20% in 2021 compared to pre-pandemic data. At its peak, this number spiked by as high as 40% in February 2021.<\/p>\n

\u201cVaried regulations surrounding the rental housing market have impacted both tenants and landlords in a myriad of ways,\u201d said Nathan Miller, President of Rentec Direct. \u201cPandemic or not, online rent payments save landlords significant time and money, increase convenience for renters and are proven to prevent late fees. Looking toward 2022, I believe the data shows that the drive toward digital, contactless payments will carry on across the board and we will continue to see increased interest in online rent payment services from landlords and property managers.\u201d<\/p>\n

On average, 124 landlords or property managers per month submit applications through the Rentec Direct software platform to turn on online rent payment capabilities for tenants via ACH, credit card or debit card. The number of applications in 2021 is up 16%, following an increase of 8% in 2020. Rentec collected aggregated anonymous rent payment data from clients using its property management software platform. The data represents information from more than 16,000 landlords and property managers and 620,000 rental properties nationwide.<\/p>\n

Based on trends in the data and industry knowledge, Miller makes several predictions for rental payment trends in 2022:<\/strong><\/p>\n