Property Management

Streamlining Rent and Home Payment Records for Property Management

In the real estate industry, checks, money orders and cashier’s checks represent the bulk of payments. Whether for payment of rent to property managers, or payment of funds to an escrow account, handling checks and depositing them at your bank represents a drain on your employee resources.

Automating paper check processing through CheckAlt RDC solves the pain of handling checks in the real estate and property business. Checks are deposited through the internet after a simple scanning process at your PC. Funds clear in as little as 12 hours, reducing float and improving your cash flow. Plus, the process gives you an archive of all the checks you deposit, along with any coupons that may be received with them.

These benefits make the choice of our RDC service your best choice in Check 21 processing:

• Scan Quickly and Efficiently — Our software can scan up to 250 items, including cashier’s checks, front-to-back in a single batch! Within a minute, you can have 180 items scanned depending on your scanner model.
• Simplifies Payment Records — Rent and other payment checks can be scanned and archived. All fields of typed and handwritten data can be captured by Optical Character Recognition. Our desktop lockbox then provides a check depository and tenant payment record-- no need to photocopy your checks!
• Faster Cash Flow — Receive funding to your account in as little as 12 hours.
• No need to change banks! We are “bank-agnostic”, letting us submit checks for deposit to virtually any bank in the U.S. Do you have multiple accounts? A drop-down menu lets you choose the appropriate account for the appropriate property so you can process all payments from one PC.
• One or Multiple Locations — Our service supports one or multiple scanners in the same or various offices.

Our e-check platform makes it easy for your tenants to pay you rent on time:

• Making Payment Easier for Your Residents — Over 44% of Americans use online bill pay, 34% of which prefer paying online to mailing in payments. This option is convenient and simple. Reminder e-mails for unpaid rent make sure that residents remember to pay on time. CheckAlt also gives you the ability to accept “just-in-time” payments over the phone.
• Faster Cash Flow — You’ll receive funding into your account between 24-48 hours.
• Mitigate Risk and Reduce Losses — With over 90 internal risk parameters and the use of the nation’s largest check verification network, CheckAlt can verify that an account is good before the payment is even accepted.
• Easy for Renters — Making payments on our system is a breeze for donors, too. No waiting for account verification.
• Payment Status — View the payment status for all your tenants. Optionally receive notification when a rent payment has been made.

Both of our payment solutions can provide you with:

• Lower Operating Costs — You and your employees no longer waste time making deposits at the bank, driving to and from the office or busily preparing deposits for couriers.
• Accounting Efficiency — All data from our processing solution can then be uploaded to your accounting system.
• Greener Payments — Burn less gas and create less paper in the banking system with our automated check processing and imaging solution.
• Low Upfront Cost — CheckAlt Payment Solutions can minimize your up-front RDC costs, regarding both the purchase of scanners and start-up fees, while our e-check platform charges a low, per-transaction fee.