1、The Rent Payment Trends Report 5 Data-Backed Ways to Get More Online PaymentspresentsThe 100%automated rent cycle is attainable5 data-backed ways to drive online rent payments#1 Offer a broad mix of payment types#2 Give residents complimentary ACH#3 Send automated rent reminders#4 Offer a traditiona

2、l resident portal&community app#5 Raise awareness of your online payment systemAchieve a fully automated rent cycle with Zego PayTable of contents.0103030508101315Multifamily companies are increasingly relying on automation to run their businesses more efficiently.But collecting rent is one importan

3、t and labor-intensive function that many companies struggle to effectively automate.Digital rent payment solutions have existed for over two decades.But because of renters continued use of paper-based payments,most companies have never even had one fully automated rent cycle.In fact,Zegos 2023 Prope

4、rty Management Operations Report found that 4 out of 10 rent payments today are still made with a check or money order,forcing property managers to manually process these transactions.Even if the majority of your residents pay rent digitally,those remaining paper payments remain a liability for your

5、 company.They are susceptible to fraud(which has nearly doubled since 2021),they slow down your cash flow,and they result in hours of manual work that could otherwise be spent on mission critical projects.Add to that the fact that paper-based payments are expensive to process.Between processing and

6、labor costs,it costs anywhere from$3-$10 to process one paper-based payment!The good news is that increasing your digital payment percentage(and even reaching 100%digital rent payments)is a completely attainable goal.Many of our clients at Zego see a vast improvement after implementing some tried-an