Rent Now comes with an ongoing rent collection service.
How does it work?
We provide tenants with OpenRent's bank details, and they pay us. As soon as the rent hits our account, we instantly notify you and the payment is sent to you the same working day.
What are the benefits?
There's no holding period, and when the rent hits our account, we instantly notify you and the payment is transferred to you the same working day.
We'll send you a brief confirmation email with each payment we make to you, so your records are up-to-date without you needing to check your bank.
What if my tenant is late paying or doesn't pay?
If your tenant is late on rent, we'll notify you automatically, and chase the tenant on your behalf.
If, for whatever reason, your tenant stops paying, we have legal partners who will be happy to help.
The rent collection service for ongoing rent payments is completely optional. You don't need to use it if you'd rather get paid directly, and you can opt out at any point.