PayRentByPhone for Tenants

PayRentByPhone is a point solution of VerticalCloud for Landlords offered as a standalone product for landlords and property managers. The functionality is also integrated within VerticalCloud for Landlords and VerticalCloud for Property Managers.

VerticalCloud makes it easy for tenants to pay rent every month. Whether you’re a landlord looking for a comprehensive solution to handle much more than rent collection, or simply looking for a quick and easy solution to collecting rent – we can help. PayRentByPhone makes it easy for you to collect rent every month.

Here's how it works:

1. An invoice is SMS texted to your tenants with amount due, due by date, and a toll free number to pay it at.
2. Tenant dials 1-866-55-RENT-4 from their cell phone.
3. PayRentByPhone prompts tenant for unique tenant identification code.
4. Our system asks your tenant how they would like to pay rent. Press 1 to pay rent by eCheck, Press 2 to pay rent by Credit or Debit Card.
5. Tenant chooses option 1 or 2 from their cell phone.
6. If tenant chooses option 1, they are asked to provide their bank account and routing number at first time use.
7. If tenant choose option 2, they are asked to provide their 16 digit credit or debit card, expiration date, and security code.
8. PayRentByPhone confirms the rent amount due that month. Tenant confirms by pressing 1. The transaction is initiated and the funds hit your bank account in 2 to 4 business days.
9. If the tenant does not confirm, you are notified with an SMS text message from PayRentByPhone.
10. If a tenant does not pay rent on-time, you are notified with an SMS text message.

Designed for simplicity, PayRentByPhone significantly streamlines the rent collection process for small portfolio owners. Instead of waiting for a check in the mail every month, simply provide your tenants with a toll-free number and a unique ID to make payments every month. Request a video demonstration of PayRentByPhone today!