What is a Rent Receipt?
A rent receipt acknowledges a rent payment made by a tenant. This is usually in the form of cash but can be for credit cards and physical checks as well to show the tenant paid on time. The receipt consists of the amount paid, property address, payment source, and most importantly the landlord’s signature.
How It Works (3 steps)
The tenant pays the rent, in accordance with their rental agreement, to the landlord. If a receipt is needed then the payment is usually done in cash. The landlord will then write the amount paid and for the rental period.
It is imperative that the landlord sign the receipt as it is the only proof the tenant will have that rent was paid.
The tenant will be handed the receipt and should be stored safely in the chance the landlord tries to bring a claim for non-payment.How to Accept Rent Online (2 steps)
Paying rent online is now popular more than ever. Especially with most sites offering it as a free service to try and obtain the landlord as a customer for performing tenant screening (background and credit reports).
As a landlord, this is very easy to set up and only requires signup and uploading their bank documents. Afterward, the rent collection company will contact the tenant and inform them of their ways to pay online.
1. Sign Up With a Website
Use the table below to find the best option that works for you. After signup, include your property details and get verified to accept credit cards and bank deposits by submitting your personal or business entity information.
Best Websites to Use
As you can see below, Apartments.com is the best online resource to collect rent online with free ACH payments and 2.75% credit card fees.
| Websites | ACH Fee | Credit Card Fee | Monthly Subscription |
| Apartments.com | $0 | 2.75% | $0 |
| Avail.co | $2.50 | 3.5% | $0 |
| ClickPay.com | $0 | 2.95% | $0 |
| eRentPayment.com | $3 | N/A | $0 |
| PayYourRent.com | $2.50 | 2.95% | Based on number of units |
| RentPayment.com | $4.95 | 2.95% | $0 |
| Zillow | $0 | 2.95% | $0 |
Alert your tenants that now they can pay rent online, often with no fee, for making ACH payments online. This is also a convenient way to pay as the rent will be processed directly from the tenant’s bank account on the 1st of every month.