Landlords are struggling – and you can throw them a lifeline!

20 September 2018 7236 Views

20% more landlords* are struggling compared to last year. They’ve been caught in a perfect storm of higher interest rates, bigger tax bills and ever-increasing numbers of tenants in arrears**. All this makes your role as a letting agent more crucial than ever – you can be the difference between them sinking or swimming!

With PayProp, our clients can:
·      Pay their landlords faster – PayProp automates your banking in real time, combining tenant reconciliations and landlord payments in one simple process that can be done at the click of a button, saving you time and speeding up payment.
 
·      Instantly see if tenants are late with the rent – your PayProp client account is plugged directly into the UK banking system. The system checks every 15 minutes to see if tenants have paid, so you know automatically as soon as the rent is overdue. You can send reminders to tenants from within PayProp. Our figures show that 64% respond within 48 hours.
 
·      Provide landlords with accurate information – PayProp data is pulled directly from your bank files, so you can be sure the statements you send to your landlords through PayProp are 100% accurate 100% of the time.
 
PayProp gives you all this and more! Why not see for yourself?

* UK Finance, 2018 (formerly the Council of Mortgage Lenders)
** https://www.telegraph.co.uk/investing/buy-to-let/landlords-exiting-buy-to-let-market-due-problem-tenants-punitive/