PayLease, a leading online payments provider for the property management and HOA industry, today announced the launch of several mobile solutions that will enable residents to pay rent or HOA dues using a smartphone.
Residents of communities who use PayLease can now download a free iPhone or Android app to pay their rent with a mobile device. PayLease has also designed a mobile-optimized website that is compatible for residents to make a payment with any smartphone or tablet.
In addition to paying rent, residents using the mobile app can sign up for email or text reminders, view current and past payments, and set up automatic payments. Residents can also use the app to make changes to their account or add new payment methods. As an added convenience and security verification, users can log into the app with their Google+ or Facebook credentials.
PayLease expects its mobile app to increase the number of online payments property managers receive while reducing delinquencies. In a survey of residents who use PayLease, more than 60% of users said they would regularly use a mobile app and/or text payment reminders.
“We’ve had an overwhelming demand for from both community managers and residents for mobile payment options, and we are pleased to deliver this amenity,” said Ben Truehart, Senior Vice President at PayLease. “Giving residents the option to use their smartphone lets them pay anytime, anywhere – increasing the likelihood they’ll pay electronically instead of taking the time to write and deliver a check. We know this will be particularly beneficial for our property management clients since payments made electronically have a faster funding time than paper checks.”
Other reports show that mobile bill payments and purchases have skyrocketed over the past year. A recent survey conducted by Branding Brand also showed that one-third of 2014 Black Friday sales came from mobile devices – up 48% from the previous year.
PayLease (www.paylease.com) is a leading electronic payments provider for the property management industry, specifically targeting the multifamily, single family, HOA and commercial markets. PayLease provides property managers the ability to accept and manage rent payments and HOA payments through a secure online interface. With PayLease, residents are able to pay their property manager using an E-check or with a credit card. Since its inception in 2003, PayLease has grown to serve thousands of property management companies nationwide and is among the fastest growing technology companies in the United States. For more information, please visit www.paylease.com.