Online rent collection lets residents pay rent electronically instead of by check. Many owners and residents find it convenient. Here’s a general overview.
How it works
Residents create an account in a payment portal and pay by bank transfer or card, often with an option to set up recurring payments. Owners or managers see payments as they come in.
Possible benefits
- Convenience for residents
- Fewer paper checks and trips to the bank
- Clear payment records for both sides
Things to set up
- Clear payment instructions in the lease
- Information about any processing fees
- An option for residents who can’t pay online
Ironhorse residents
Current Ironhorse residents can find payment links and forms on our resident services page.
How a property manager can help
Depending on the owner’s needs, a property manager’s services can include online rent collection and monthly owner statements.
Ironhorse Management has worked with Gallatin Valley owners since 1979. Learn more about our rental property management in Bozeman, or if you would like to talk through your rental, contact our team or call (406) 586-4933, Monday through Friday, 10am to 4pm.
Please note: This article is for general informational purposes only and is not legal, financial or tax advice. Every property and situation is unique. It’s wise to consult an attorney and/or CPA for legal or financial matters, and to review your lease, Montana law and other appropriate resources before making decisions, rather than relying only on this article.