When it comes to accepting electronic or online rent payments, every property management company wants the same things: maximum convenience and choice for residents at minimal cost. When formulating a payments strategy, it’s important to understand the rules governing convenience fees, as well as the potential impact on your online payments solution.
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If dealing directly with a bank for your multifamily electronic payment processing, you’re likely being nickeled and dimed to death from all the hidden transaction and service fees.
The impact of stolen money order rent payments can be devastating for both owners and residents. Here are a few tips to help apartment managers limit their exposure to this potential problem.