Best Free Online Rent Collection Services (Landlords Recommended)
More than 60% of landlords nowadays are using online rent collection services to collect rent from their tenants. Being a landlord, you might know how much of big trouble it is to have timely rent payments from the tenants. Having late payments means arrears in rent, missed payments, or even evictions. So, if you haven’t yet considered online rent collection, today is the best day to start it.
For me, I have chosen Cozy for all my future rent collection after comparing lots of services. Cozy is free for landlords. It has the best in class customer support and can automatically add late payment charges. Though there are few cons also associated with Cozy. But hardly they matter to me until its working for me and my tenants.
Top 5 Free Online Rent Collection Services
There are various free online rent collection services available for landlords today. Narrowing down to one depends upon its features and the ease of use, it provides to you and to your tenants. Let us list them all to help you pick the right one. So, you can sign up for one today and start collecting rent online.
Spark Rental
Spark Rental is simplifying the way you collect your rent. It helps you reduce the number of defaults and evictions due to missed or delayed payments. With its Rent Deduct feature, you can even get notified when your tenant losses a job. This way, you stay one step ahead always. No other online rent collection service has this feature yet.
Spark Rental Highlights:
- Price: Free For Landlords
- User Rating: Ease of Use ☆☆☆ | Customer Service ☆☆☆
- Features: Rental Marketing |Landlord Forms | Background Check | Rent Collection
- Partial Payments: Can Restrict Partial Payments
- Suitable For: Any Landlord with one or more units (Unlimited Doors)
Type |
Price | Modes of Payment | Automatic Late Fees | One Time Costs | More than One Bank Account | No. Of Days to Deposit Payment |
Additional Features |
|
Landlord | Tenant | |||||||
Basic | Free | $0.50 | ACH Transfers | Not Available | Not Available
|
Yes | 2-4 Days |
For Landlords
|
Free | 6% of Amount | For Credit/ Debit Card | ||||||
1.9%
of Amount |
1.9%
of Amount |
Automatic Pay Check Deduction | ||||||
Premium ($19/
Month) |
Free | Free
(up to 5 Parties) |
ACH Transfers | Not Available | Not Available
|
Yes | 2-4 Days |
For Landlords
|
Free | 5%
of Amount |
For Credit/ Debit Card | ||||||
1.9%
of Amount |
1.9%
of Amount |
Automatic Pay Check Deduction | ||||||
Ultimate
($39/ Month) |
Free | Free
(Unlimited Parties) |
ACH Transfers |
For Landlords
|
||||
Free | 4%
of Amount |
For Credit/ Debit Card | ||||||
1.9%
of Amount |
1.9%
of Amount |
Automatic Pay Check Deduction |
eRentPayment
eRentPayment provides various property management solutions to landlords and property managers. It is a convenient online rent collection service most suitable for property owners or managers managing few number of rental units. You can go with this if you want a simple rent collection tool with basic payment option.
eRentPayment Highlights:
- Price: Free For Landlords (Only Transaction Fees)
- User Rating: Ease of Use ☆☆ | Customer Service ☆☆☆☆
- Features: Rental Marketing | Background Check | Rent Collection
- Partial Payments: Can Restrict Partial Payments
- Start Year: 2004
- Suitable For: Landlord with one to five units
Type |
Price | Modes of Payment | Automatic Late Fees | One Time Costs | More than One Bank Account | No. Of Days to Deposit Payment |
Additional Features |
|
Landlord |
Tenant |
|||||||
Standard |
$3 Per Transaction (Landlord Pay Full/ Split with Tenant/ Tenant Pay Full) |
_ |
ACH Transfers |
Flat Fees/
Per Day Fees (%)
|
Yes (Security Deposit, Move in Costs, Utility Bills)
|
Yes |
3-4 Days |
For Landlords
For Tenants
|
Regular Pricing (One Time fees: $30+ Monthly Fees+ Convenience Fees)
Simplified Pricing (One Time Fees: $0+ Monthly Fees + Convenience Fees) |
Tenant can elect to pay convenience Fees |
For Credit/ Debit Card |
||||||
Plus |
$10 Per Month (Up to 5 Units) Additional Units: $1 Per Unit
|
Free |
ACH Transfers |
3-4 Days |
Same | |||
Regular Pricing (One Time fees: $30+ Monthly Fees+ Convenience Fees)
Simplified Pricing (One Time Fees: $0+Monthly Fees+ Convenience Fees) |
Tenant can elect to pay convenience Fees |
For Credit/ Debit Card |
Cozy
Cozy is one of the best platforms for most of your rental needs. With Cozy, you can simplify most of your landlording tasks. You can market your rental, screen prospective tenants, and collect rents plus much more under one space.
Cozy Highlights:
- Price: Free For Landlords
- User Rating: Ease of Use ☆☆☆☆☆ | Customer Service ☆☆☆☆
- Features: Market Your Rental | Background Check | Maintenance Requests | Rent Collection
- Partial Payments: Can Turn off Lease
- Suitable For: Any Landlord with one or more units (Unlimited Doors)
Type |
Price |
Modes of Payment |
Automatic Late Fees | One Time Costs | More than One Bank Account | Days to Deposit Payment |
Additional Features |
|
Landlord |
Tenant |
|||||||
Basic | Free | Free | ACH Transfers | Flat Fees |
Yes Security Deposit, Move in Costs, Utility Bills
|
Yes |
5 Days |
For Landlords
For Tenants
|
Free | $2.75 | For Credit/ Debit Card | ||||||
Express | $2.99
(Per Unit) |
Free | ACH Transfers | 3 Days |
Same |
|||
$2.99
(Per Unit) |
$2.75 | For Credit/ Debit Card |
“Cozy is Free. Sign Up today.”
Avail
Avail is a great online rent collection tool for DIY Landlords. If you are managing about 15 rentals, it can be a perfect service for you. You can use their premium plan and get you rent processed in your account in very less time.
Avail Highlights:
- Price: Free Basic Plan
- User Rating: Ease of Use ☆☆☆☆ | Customer Service ☆☆☆☆☆
- Features: Rental Marketing | Background Check | Maintenance Requests| Lease Agreement | Rent Collection
- Partial Payments: Can Restrict Partial Payments
- Suitable For: Landlord with one to fifteen units
Type |
Price | Modes of Payment | Automatic Late Fees | One Time Costs | Multiple
Bank Account |
No. Of Days to Deposit Payment |
Additional Features |
|
Landlord | Tenant | |||||||
Basic |
Free (Up To 1 Unit; $6 Per Extra Unit) |
$2 | ACH Transfers | Not Available | Yes
(Security Deposit, Move in Costs, Utility Bills)
|
No |
3 Days |
For Landlords
For Tenants
|
3.5% of the Amount |
Credit Card/ Debit Card |
|||||||
Landlord ($10 Per Month) |
Free (Up To 1 Unit; $6 Per Extra Unit) |
Free | ACH Transfers | Flat Fees | Yes
(Security Deposit, Move in Costs, Utility Bills)
|
No |
Fast Processing |
For Landlords
For Tenants
|
3.5% of the Amount |
Credit Card/ Debit Card |
|||||||
Landlord Plus ($24.99 Per Month) |
Free (Up To 5 Unit; $4 Per Extra Unit) |
Free | ACH Transfers | Flat Fees | Yes
(Security Deposit, Move in Costs, Utility Bills)
|
Yes |
Fast Processing |
For Landlords
For Tenants
|
3.5% of the Amount |
Credit Card/ Debit Card |
|||||||
Professional ($49.99 Per Month) |
Free (Up To 15 Unit; $2 Per Extra Unit) |
Free | ACH Transfers | Flat Fees | Yes
(Security Deposit, Move in Costs, Utility Bills)
|
Yes |
Fast Processing |
For Landlords
For Tenants
|
3.5% of the Amount | Credit Card/ Debit Card |
Rentler
Rentler is great platform designed to connect the landlords and tenants. It helps you build a strong relationship with your tenants from the ground up. With its all in one approach, it has every feature required for a landlord from marketing the rental, collecting the rent to running the rental business with full potential.
Rentler Highlights:
- Price: Free
- User Rating: Ease of Use ☆☆☆ | Customer Service ☆☆☆☆
- Features: Rental Marketing | Background Check | Maintenance Requests| Landlord Forms | Rent Collection
- Partial Payments: Can Turn Off Lease
- Suitable For: Landlord with any number of units (Unlimited Doors)
Type |
Price | Modes of Payment | Automatic Late Fees | One Time Costs | More than One Bank Account | No. Of Days to Deposit Payment |
Additional Features |
|
Landlord | Tenant | |||||||
Basic |
Free |
$1.95 | ACH Transfers | Flat Fees | Yes
(Security Deposit, Move in Costs, Utility Bills)
|
1 Per Unit |
2 Days |
For Landlords
For Tenants
|
2.9% |
Credit Card | |||||||
1.9% |
Debit Card |
The Bottom Line
Nothing is better than Cozy when it comes to collecting rent online for free. It is not just free for landlords but your tenants are also spared for paying any fees when they make ACH transfers. Though, cozy take more time in processing payments and do lack some unique features that the other online rent collection services offer to landlords.
But the best part is that both the landlord and the tenant are at advantage as it is free for both parties. However, you can also use other online rent collection services mentioned in this article depending upon your requirements and preferences. (Hard to miss Spark Rental`s Pay Check Deduction Feature if renting to someone with poor credit history.)