Property Managers can easily manage payments and operations using a single unified platform
VoPay, a leading provider of integrated payment technology solutions, announced a partnership with Canadian property management software provider Plexflow. With a rental market sitting at $48.4 billion and growing at the rate of 3.8 percent, this partnership will simplify the rental process for landlords and tenants across the country.
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Chasing tenants to collect rent and managing paper cheques is still very common in the rental industry. No visibility into the cash flow, late cheques and manual reconciliations are major headaches and costly for property managers. For those that are managing multiple properties themselves, managing operations inefficiently can quickly turn into a situation where important things are neglected, leading to unhappy tenants.
With a rental market ripe for innovation, VoPay and Plexflow’s combined technology will allow property managers to focus on the service they provide rather than be bogged down by manual processes. With VoPay’s payment technology in place, property managers can verify available funds, facilitate instant rent collection and streamline the onboarding process for tenants.
By managing all payment-related operations from a single portal instead of many, cash flow management and reconciliation becomes a much more fluid process. The less time spent chasing payments and reconciling deposits—and the more time property managers can spend keeping tenants happy—landlords’ return on investment rises.
To retain tenants with so many options in today’s competitive rental market, landlords must deliver that first-class service. Plexflow and VoPay have made it easier to do just that by providing property managers with straightforward and comprehensive tools.
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Property Managers Can Expect:
- Complete transaction visibility and cash flow management
- Automated secure rent collection
- Fund verification prior to rental collection, preventing NSFs and time-consuming paperwork
- Automated rental payment reconciliations for rental payments, benefiting both tenant and landlord
- Maintenance request management all from one platform
Tenants Can Expect:
- An easier onboarding process
- Electronic leases and renewals with multiple payment options
- Automated, digital payments using their online banking system
‘We look forward to expanding our partnership with VoPay, to bring technology into the hands of millions of landlords, tenants & property managers to be in control of their rental experience and focus on what they love doing,’ says Ryan Nasr, CEO of Plexflow.
‘We are delighted to expand our partnership with Plexflow. Together we can digitally transform the way property managers operate and manage their payment cycles,’ says Hamed Arbabi, VoPay CEO. ‘Implementing processes that are simple and time-effective, is fundamental to scaling as we move into a world driven by innovation and high speed. We look forward to seeing Plexflow’s expansion across Canada and are pleased to be a part of it.’
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