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Rent Collection β€” My Rental Spot
πŸ’³ Property Manager Feature

Rent Collection Made Simple

Collect rent online with ACH bank transfers or credit/debit cards. Automatic late fees, payment reminders, and direct deposits to your bank account.

ACH & CardPayment Methods
2-3 DaysACH Deposits
FreeFor Landlords
Spot holding a payment receipt

Rent Collection in 4 Steps

From setup to deposit β€” here's how online rent collection works

1

Link Your Bank

Connect your bank account through Stripe's secure onboarding. Takes about 5 minutes.

2

Set Up Charges

Create recurring rent charges, add fees, and set due dates for each tenant.

3

Tenants Pay Online

Tenants log in and pay via ACH bank transfer or credit/debit card from their portal.

4

Direct Deposit

Funds deposit directly to your bank. ACH in 2-3 days, cards in 1-2 days.

Effortless Online Payments

Get paid faster with online rent collection. Tenants pay from their portal, you receive funds directly in your bank.

πŸ’³

Multiple Payment Methods

Accept ACH bank transfers and credit/debit cards. ACH deposits in 2-3 business days, card payments in 1-2 days. Let tenants choose their preferred method.

⏰

Automatic Late Fees

Set up automatic late fees with customizable grace periods. Fees apply automatically after your set number of days, saving you from awkward conversations.

πŸ””

Payment Reminders

Send email and SMS reminders before rent is due, on the due date, and after. Reduce late payments with automated reminder schedules.

🏦

Direct Bank Deposits

Rent payments go straight to your linked bank account via Stripe. Track payout status, available balance, and transfer history in real-time.

πŸ“Š

Payment Dashboard

See total outstanding, collected this month, expected revenue, and overdue amounts at a glance. Filter by property, tenant, or payment status.

⚑

Quick Actions

Add bills, record payments, issue credits, and send reminders with one click. Manage charges and track payment history per tenant.

Payments Dashboard

Track rent collection across all your properties in real-time

Payments

Manage rent and bill payments across your properties.

Total Outstanding ⚠️
$10,565.00
1 tenant
Collected This Month βœ“
$7,000.00
↑ 85% on-time rate
Expected Revenue πŸ“…
$10,688.00
This month
Overdue ⏰
$3,500.00
1 account
Quick Action
πŸ” Filter by renter or unit...
Current & Upcoming (3)
Ending Soon (1)
Completed (12)

56 Longridge Road

56 Longridge Road, Orinda, CaliforniaResidents: 3
Unit / TenantRent AmountStatusCurrent BalanceUpcoming TotalActions
Sarah Johnson
Unit A Β· $2,100.00/mo
$2,100.00/mo
Due 1st of month
βœ“ Current
$0.00
Paid
$2,100.00
Feb 1
Mike Chen
Unit B Β· $1,800.00/mo
$1,800.00/mo
Due 1st of month
βœ“ Current
$0.00
Paid
$1,800.00
Feb 1
James Wilson
Unit C Β· $3,500.00/mo
$3,500.00/mo
Due 1st of month
⚠️ Overdue
$10,565.00
3 months + late fees
$3,500.00
Feb 1
πŸ“… Upcoming Charges (3)
Sarah Johnson β€” Feb Rent$2,100.00
Mike Chen β€” Feb Rent$1,800.00
James Wilson β€” Feb Rent$3,500.00
⚑ Quick Actions

Late Fees & Payment Reminders

Automate your collections process with customizable late fees and reminder schedules

⏰ Late Fee Settings

Automatic Late FeesApply fees after grace period
Grace PeriodDays after due date before fee applies
5 days
Fee TypeHow the late fee is calculated
Fixed Amount
Late Fee AmountCharged per occurrence
$75.00
Max Late Fee CapMaximum total late fees per period
$225.00
NSF Fee (Bounced Payment)Fee for failed bank transfers
$35.00

πŸ”” Reminder Schedule

Pre-Due Date ReminderEmail before rent is due
3 days before
Due Date ReminderEmail on the day rent is due
Post-Due ReminderFollow up after missed payment
2 days after
SMS Text RemindersSend text messages to tenants
Weekly Overdue SummaryDigest of all overdue accounts
Auto-Resend FailedRetry sending bounced reminders

Payment History

Track every transaction with detailed payment records

πŸ“‹ Payment History (Last 30 Days)

DateTenantDescriptionMethodStatusAmount
01/21/2026Sarah JohnsonJanuary RentACHβœ“ Complete$2,100.00
01/21/2026Sarah JohnsonCredit β€” Water refundCardβœ“ Complete-$123.00
01/20/2026Mike ChenJanuary RentACHβœ“ Complete$1,800.00
01/15/2026James WilsonJanuary RentACHβœ— Failed$3,500.00
01/15/2026James WilsonNSF FeeAutoPending$35.00
01/06/2026James WilsonLate Fee β€” JanAutoPending$75.00
Type
January Rent Payment
ID
TXN-20260121-001
Payer
Sarah Johnson
Status
βœ“ Paid β€” Deposited 01/23/2026
Payment Breakdown
Net Amount: $2,097.00
Gross: $2,100.00
Platform Fee: -$2.00
Transaction Fee: -$1.00
Method
ACH β€” Bank of America β€’β€’β€’β€’5294
Deposited To
Primary Collection β€” β€’β€’β€’β€’6789

Bank Account & Deposits

Link properties to your bank account for direct rent deposits via Stripe

βœ“ Active
Bank Account

Primary Rent Collection

Bank
BANK OF AMERICA
Account
β€’β€’β€’β€’5294
Last Payout
Jan 23, 2026
Total Monthly Rent
$7,400.00

🏠 Properties Linked to This Account

Rent from these properties deposits to this account

PropertyUnitsRentersMonthly RentStatus
56 Longridge Road3Johnson, Chen, Wilson$7,400.00Active

πŸ’° Recent Payouts

Stripe:Enabled Available:$3,897.00
DateAmountStatusDestination
01/23/2026$3,897.00βœ“ DepositedBank of America β€’β€’β€’β€’5294
12/23/2025$7,350.00βœ“ DepositedBank of America β€’β€’β€’β€’5294
11/24/2025$7,350.00βœ“ DepositedBank of America β€’β€’β€’β€’5294

What Tenants See

Here's the payment experience from your tenant's portal

Pay Rent

56 Longridge Road, Unit A

βœ“ On Time
AMOUNT DUE β€” FEBRUARY 2026
$2,100.00
Due Feb 1, 2026 Β· Grace period: 5 days
Base Rent$2,000.00
Pet Fee$50.00
Parking$50.00
PAYMENT METHOD
🏦
Bank Transfer
Free Β· 2-3 days
πŸ’³
Credit/Debit
2.9% fee Β· 1-2 days
🏦
Chase Checking
Routing: β€’β€’β€’β€’0021 Β· Account: β€’β€’β€’β€’4892
βœ“ Selected
πŸ”„
AutoPay Enabled
Pays automatically on the 1st of each month

πŸ”’ Secured by Stripe Β· Funds deposit in 2-3 business days

Everything You Need to Collect Rent

Detailed breakdown of every rent collection capability

πŸ’³ Online Payment Methods

Tenants can pay rent through their portal using ACH bank transfers or credit/debit cards. ACH payments are processed within 2-3 business days with lower fees, while card payments arrive in 1-2 days. You control who pays the transaction fees β€” absorb them yourself or pass them to tenants.

  • Accept ACH bank transfers (2-3 day deposit)
  • Accept credit and debit cards (1-2 day deposit)
  • Powered by Stripe for secure processing
  • Choose who pays transaction fees
  • Enable or disable partial payments
  • Instant payout option available (for a fee)
  • Failed payment retry scheduling
  • NSF fee automation for bounced payments
  • Multiple bank accounts for different properties
  • Payout status tracking (pending, available, transferred)

⏰ Late Fees & Reminders

Automate your collections process with scheduled payment reminders and automatic late fee application. Set reminder emails before rent is due, on the due date, and after. Configure late fees with customizable grace periods to match your lease terms.

  • Automatic late fee application after grace period
  • Fixed amount or percentage-based late fees
  • Customizable grace period (days after due date)
  • Email reminders X days before due date
  • On due date reminder notifications
  • Post-due date follow-up reminders
  • SMS text message reminders (optional)
  • Bulk "Send Reminders" for all overdue tenants
  • Late fee audit trail and history
  • Waive or adjust late fees per situation

πŸ“Š Payment Dashboard & Tracking

Get a complete view of your rent collection with real-time dashboards. See total outstanding balances, collected amounts, expected revenue, and overdue accounts across all properties. Drill down to individual tenants for detailed payment history and quick actions.

  • Total Outstanding balance across all tenants
  • Collected This Month with on-time percentage
  • Expected revenue for the current month
  • Overdue accounts count and total
  • Filter by property, tenant, or payment status
  • Quick Actions: Add Bill, Add Credit, Record Payment
  • Payment history with expandable details
  • Transaction fees and net amount breakdown
  • Export payment data for accounting
  • On-time payment rate tracking

Frequently Asked Questions

Tenants log into their portal and click "Pay Now" to make a payment. They can pay using ACH bank transfer (by entering routing and account numbers) or credit/debit card. Payments are processed securely through Stripe and deposited directly to your linked bank account within 2-3 business days for ACH or 1-2 days for cards. Tenants can also set up AutoPay for automatic monthly payments.
ACH bank transfers typically have lower fees than card payments. You can choose to absorb the transaction fees yourself or pass them on to tenants. The fee breakdown (platform fee + transaction fee) is shown in each payment's detail view. Check your account settings to configure who pays the fees.
Go to the tenant's payment settings and configure the Late Fees section. Set the fee amount (fixed dollar amount or percentage of rent), the grace period in days, and enable the automatic late fee toggle. Late fees will be applied automatically when rent is past due beyond the grace period. You can also cap the maximum late fee per period.
You can configure automatic email and SMS reminders in payment settings. Set reminders to send X days before rent is due, on the due date, and X days after. Reminders are sent automatically on schedule. You can also manually send reminders using the "Send Reminders" quick action button for individual tenants or in bulk for all overdue accounts.
Go to Account Settings β†’ Banks and Cards. Click "Add Bank Account" and complete the Stripe Connect onboarding process. Once verified, designate the account as your Primary Rent Collection account and link properties to it. Rent payments from linked properties deposit automatically. You can set up multiple bank accounts for different properties.
Yes! Use the "Record Payment" button in Quick Actions to manually record payments made outside the platform (cash, check, money order, etc.). Enter the payment amount, date, method, and optional memo. The payment will be applied to the tenant's balance and appear in payment history with the correct attribution.
Yes, tenants can enable AutoPay from their portal. Once set up, rent is automatically charged to their chosen payment method on the due date each month. Tenants receive confirmation emails after each AutoPay transaction. They can cancel or modify AutoPay at any time from their portal settings.
Failed payments (NSF / insufficient funds) are flagged immediately in your dashboard. You can configure automatic NSF fees and retry scheduling. Both you and the tenant receive email notifications about the failure. The payment status updates to "Failed" in the history, and the balance remains outstanding until resolved.
βœ“ Free Forever Β· βœ“ Unlimited Properties Β· βœ“ No Hidden Fees

Collect Rent Online for Free

Get paid faster with automatic deposits, late fees, payment reminders, and a complete payment dashboard.

No credit card required Β· Set up in under 5 minutes Β· Free for landlords