{"id":9833,"date":"2018-09-12T11:59:44","date_gmt":"2018-09-12T18:59:44","guid":{"rendered":"https:\/\/www.rentecdirect.com\/blog\/?p=9833"},"modified":"2018-10-30T16:32:08","modified_gmt":"2018-10-30T23:32:08","slug":"automatic-rent-payments-white-paper","status":"publish","type":"post","link":"https:\/\/www.rentecdirect.com\/blog\/automatic-rent-payments-white-paper\/","title":{"rendered":"Data Shows Automatic Payments Prevent Late Fees and Save Renters Money – White Paper"},"content":{"rendered":"

\"Late<\/h2>\n

The Effect of Automatic Rent Payments on Tenant Late Fees<\/h2>\n

Download the white paper here.<\/a><\/p>\n

An analysis of rent payment data reveals how renters can save money by paying rent online and using automatic payment options to avoid late fees.<\/span><\/p>\n

SUMMARY<\/h3>\n

Monthly rent accounts for a large portion of a renter\u2019s income. With rental markets tightening in large cities and rural areas, renters need to be diligent in finding a good rental that meets their needs and fits within their budget. While tenants do not have definitive power to influence the market rate for rentals in their area, they do have the power to lower their monthly payments in other ways–namely through ensuring that no additional fees are assessed at the time that rent becomes due. \u00a0According to the data, automatic payments may be the answer to lower out-of-pocket costs for renters. <\/span><\/p>\n

Rentec Direct recently analyzed data based on one year of rental payment behaviors, representing data from 13,000 property managers and more than 100,000 renters. The outcomes of the study showed significant differences in timely rent payments based on the implementation of automatic payment technology (ACH).<\/span><\/p>\n

Effect of Automatic Rent Payments (ACH) on Rental Late Fees – Click to View the Study<\/a><\/p>\n

KEY TAKEAWAYS<\/h3>\n