How Collecting Rent Works
Want to know how rent collection works in RentRedi? It’s simple! 😄
Follow these steps to set up your accounts, add tenants, and start collecting rent!
1️⃣ Set Up Your Payment Account(s).
Think of each payment account as a bank account. We recommend setting up one payment account for each bank account where you want your rent to go.
2️⃣ Connect Payment Accounts to Your Properties.
Link your payment accounts to each property so RentRedi knows where to send the money when tenants pay.
3️⃣ Add Your Tenants to RentRedi.
Add and invite your tenants to RentRedi so they can connect to your unit and start paying the charges you create for them!
4️⃣ Create Rent Charges.
Set up the rent amounts and any other charges (ie. security deposit, utilities, etc) that your tenant pays for.
5️⃣ Tenants Pay Through the App or Web Portal.
When tenants log in to the RentRedi mobile app or the online tenant portal (tenant.rentredi.com), they will see the charges you create. Tenants can select a charge and submit their payment!
💸 Where does the money go?
When a tenant pays, the money goes to the payment account and then is automatically transferred to the bank account you entered when creating the payment account. 😄
Payments are typically deposited into your bank account within 2–3 business days.
💬 Need help?
Contact us! RentRedi Chat Support is available 24/7! Access our Live Chat via the chat bubble in the bottom right corner of the RentRedi dashboard.