- Rent.com.au's RentPay platform allows user to schedule and pay rent from a secure digital wallet, while building their credit score
- Partnership will see RMA use and promote RentPay app in leasing process, while reaping benefits of premium listings on rent.com.au
- Collaboration is only one of many agency partnerships, with hope for more in future says rent.com.au CEO
Dedicated rental site rent.com.au has announced it has joined forces with South Perth-based property manager, Rental Management Australia (RMA).
As part of the collaboration, RMA will incorporate rent.com.au’s RentPay payment platform in their leasing process.
RMA to promote new RentPay platform
The RentPay app allows users to set up and pay their rent via a secure digital wallet.
Users also have access to a short-term loan, or Safetynet, in times of need to cover their rent payment and addition to improving their credit score with Scorebuilder.
Rent.com.au CEO Greg Bader said the company aims to make RentPay the leading renter-driven payment platform.
Mr Bader added that property managers whose tenants use RentPay also receive major benefits.
“When renters are better able to plan and manage their rental payments and are rewarded for a having great payment history then agents save time and hassle because of a lower need to chase up late payments.”
Greg Bader, Rent.com.au CEO
“In addition, agents with multiple renters using RentPay will receive daily pay files which can be directly uploaded into their CRM/trust accounting system to automate reconciliations,” he said.
He added that full automation is in the workings, with rent.com.au partnering with several trust accounting providers.
Case studies we’ve done with existing agent customers have indicated that for a medium sized rent roll, time savings can be several hours per day,” he said.
RentPay tech lifts weight for property managers, says RMA
RMA Chief Financial Officer Chris Wiese said Rental Management Australia is solely focused on property management, with over $4 billion in residential assets overseen by the company.
RMA manages rental properties across Western Australia, Queensland and Victoria while headquartered out of South Perth.
“We’re always looking to align with companies who can deliver leading edge technology or products for our industry and that’s why we’ve agreed to promote RentPay to our tenants.
The innovative Scorebuilder feature, the savings buffer and Safetynet as well as the ability for a renter to pay using different payment methods all deliver value to renters and allow us to focus on the property management,” Mr Wiese explained.
One of many agency partnerships
As terms of the partnership, communications and marketing collateral for RentPay will be provided to RMA, in conjunction with ongoing training and support.
RMA properties will receive premium listings on the RentPay platform in effort to expand RMA’s reach to more prospective tenants.
RentPay has also agreed to assist in the onboarding of new tenants to the platform.
“We want to partner with agents who care about their tenants, who want them to have a good experience and who want the best for renters.”
Greg Bader, Rent.com.au CEO
Mr Bader described RMA as the “perfect partners” in their attentiveness towards their tenants, and thanked RMA for their generosity in refining RentPay to suit their needs.
This most recent partnership is only one of many, with several agency relationships representing more than 7,500 tenants using the platform.
“RentPay has signed similar collaboration agreements with a number of franchise property management offices throughout Australia and that is something we’re keen to do more of,” concluded Mr Bader.