The following is a list of the multi-housing industry's top providers of resident payment systems:
Paybycomputer.com
1624 Prince Dr., Suite 102, Cherry Hill, NJ 08003
800-755-4327/856-216-7606 (fax)
www.paybycomputer.com
Key Contact: Gary Kodish, 800-755-4327 x222
In Their Own Words:
Key Features:
Performance Edge: Secure, 24/7 payment processing for maximal cash flow and lower accounting costs. Customized reports for specified departments and ledger entries. Individualized programs available for maximal operations. Phone transaction processing available Q2 2005. Import/export functionality for easy accounting and management.
Property Solutions
522 South 100 West, Provo, UT 84601
877-826-9700/801-705-1835 (fax)
www.propertysolutions.com
Key Contact: Benjamin Zimmer, business development, 801-318-6384
Name of Online Payment System: ResidentPay
In Their Own Words:
Key Features:
Performance Edge: Visa compliance: Ensure full-compliance with Visa while still passing convenience fees to residents. Management software integration: Guarantee online payments integrate directly with property management software, including Yardi. Electronic settlement of funds: Settle funds electronically to bank accounts within 24 to 48 hours, instead of manually processing paper checks.
Realm Business Solutions Inc.
13727 Noel Rd. Suite 800, Dallas, TX 75240
469-791-1000/469-791-1810
www.realm.com
Name of Online Payment System: Realm Collect
In Their Own Words:
Key Features:
Performance Edge: Realm Collect now processes over $2 billion in rent payments each year on behalf of some of the most recognized real estate owners and managers in the country. Collect supports any payment method—check, money order, credit card and ACH—and allows for collections at each property, the central office, through a lockbox service or over the Internet.
The easy-to-use Realm Reader allows multifamily companies to convert paper payments and credit cards into electronic payments right at the property site. This eliminates the need for local bank accounts and property manager trips to the bank each day. Best of all, funds are typically available within 24 hours.
Client Testimonial: "McKinley has been using Realm's Collect at our multifamily properties for two years to process rent checks and credit cards. By eliminating trips to the bank and electronically posting to our management software, we have realized gains in process efficiency, significantly improved funds availability and have real-time access to receivables data."
—Russ Strassburg, director, business information systems at McKinley.
Training Advantages: Collect is completely Web based, allowing for rapid deployment, online training and access from any location. Quick reference guides, interactive training videos and detailed online help make the learning process quick and simple for property personnel.
Integration with Key Partners: Collect was designed from the ground up to enable data integration with third-party property management and accounting systems. Realm has integration partnerships with most of the leading vendors including Yardi, MRI Residential, RealPage, BJ Murray CTI and others.
RentPayment
81 Lafayette St., San Francisco, CA 94103
877-927-7866/877-630-4900 (fax)
www.rentpayment.com
Key Contact: Matt Golis, president
Name of Online Payment System: RentPayment
In Their Own Words:
Key Features:
Performance Edge: RentPayment pioneered the no-transaction-fees-to-owner model and now is the largest payments processor in the multifamily industry. Our five years of industry expertise provides solutions that represent the needs of property managers and value to residents to over 3,000 properties representing 1 million-plus apartments nationwide.
Resite Information Technology
400 W. 7th Street, Suite 110, Bloomington, IN 47404
866-373-7483/866-465-2330 (fax)
www.ResiteIT.com
Key Contact: Greg Starr
Name of Online Payment System: ResidentHub, ResitePayments
In Their Own Words:
Key Features:
Performance Edge: With more than 40 management companies and 500 communities online, clients experience a higher conversion of residents to online payments than any other service. The resident interface and advanced reporting provide flexibility to adapt to clients' unique accounting policies and procedures. Many clients benefit from interfacing with property management software and accounting solutions.
Tranzero Inc.
8599 Venice Blvd., Los Angeles, CA 90034
310-268-1765 ext 222/310-268-1766 (fax)
www.tranzero.com
Key Contact: Ron Eshel, 310-268-1765 x227
Name of Online Payment System: TranZero Web Payment Solution/TranZero Check Conversion Solution
In Their Own Words:
Key Features: