Rent collection services for landlords
- Due before they get the keys
- 2,775
- Prorated first month
- 925
- Deposit held
- 1,850
Search volumes on this site are US monthly figures from our own keyword measurement; the documents and worksheets are built from the public sources named on each page.
A landlord considering a rent collection service is usually deciding between doing it themselves, using software, and paying somebody to do it. Those are three different purchases at three prices, and the middle one is where most landlords should stop. This page sets out what each actually gives a landlord, in that order, and the questions to ask before handing the job to a third party.
Open the Lease agreement Free to use. No account, no card, no trial clock.
Price the three options honestly
Doing it yourself costs your time and a bank account. Software costs a subscription and possibly a payment margin, and removes the reconciliation. A collection service costs a percentage of rent, usually alongside other fees, and removes the conversation as well. Put an annual figure against each for your actual portfolio before deciding, because the gap between the second and third is wider than most landlords assume.
Ask where the money lands and for how long
Straight to your account, or into the provider's and out to you on a cycle. The second means somebody else holds your rent for days, and in most states holding client money brings licensing and trust-account obligations you should confirm the provider actually meets. Ask for the settlement timetable in days, in writing, rather than accepting the word prompt.
Establish where chasing stops being yours
Federal debt collection rules bite when a third party pursues a consumer debt on somebody else's behalf, which is what an outsourced arrears chase is. That changes what may be said and when. Agree at what day the provider's chase starts, what it consists of, and what they will not do, because their conduct becomes something you are associated with.
Check the exit before the start
Whether tenant payment mandates transfer if you leave, what records you receive and in what format, and how much notice each side gives. Mandates usually do not transfer, which means every tenant re-authorises and some revert to paying however they used to. Knowing that in advance is what makes this a choice rather than a commitment.
Lettza Pro
Keeping the rent against the tenancy that owes it
A worksheet answers the question in front of you and forgets it. A let does not forget: the lease has dates, the rent falls due every month, the arrears carry, and the work order raised in July is the one the owner asks about in October. Lettza Pro keeps every property, unit, lease and tenant, the rent charged and received against each, and every document rendered from that record rather than retyped into it.
- Download the document as a file to send to a tenant or an owner
- Your lease and rent roll without our name on them
- Save a worked tenancy and open it again next month
- Your business name and logo on every document you print
- Take every property, lease, ledger and document out at once
- Email the invoice, receipt or reference letter straight from the record
- Take rent by card or bank debit through your own Stripe account
- Send what you collect to your accounting software instead of retyping it
$49per month, whole team
Start Lettza Pro PricingLettza Pro is $49 per month and renews automatically each month on the day you started, until you cancel. The price and the renewal date are shown before you pay and again on your account page, and we email you if the price ever changes before it takes effect.
What the person managing the let asks before running the Rent collection services for landlords
Is a collection service worth it for a few units? Rarely. Software removes the reconciliation, which is the part that eats time at small scale; the service removes the conversation, which at a few units is not usually the bottleneck.
Does outsourcing change my legal position? It changes who is pursuing the debt, and a third party pursuing a consumer debt has federal obligations a landlord chasing their own rent does not.
What should I insist on in writing? The settlement timetable in days, who chases and from what day, what happens to a failed payment and who bears the fee, and what leaving looks like.
Ask us about your lettings paperwork
Ask us anything about running the let with Lettza: whether it fits the way you charge rent, how the record handles a mid-tenancy rent change, what moves across if you are coming off a spreadsheet, or how the documents come out with your own name on them.