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Product Updates
[Collect Rent] Agents can set up Security Deposits for Landlords & Owners
What is it?
Once an agent and a landlord/owner has selected a tenant for their property, the agent can initiate a security deposit on the landlord's behalf to streamline the rent payment process through RentSpree.
Why does it matter?
With the agent initiating the security deposit on the landlord's behalf, this creates a seamless process to continue the rental journey after screening and selecting a tenant. Once the agent initiates the payment, landlords will now receive an invite to continue the security deposit process through RentSpree and initiate other payment types such as rent and any other associated fees.
How does it work?
- Once logged into your RentSpree account, click on the Rent Payment tab on the left side in the menu bar.
- Once on the Rent Payment page, click on the Set up for landlord button.
- Once directed to the Set up payments page, please enter the following information for the security deposit, then click Next:
- Information required: Property Address, Landlord Contact Information, Tenant Contact Information, Security Deposit Amount, Due Date, and any other move-in fees associated with the listing.
- Information required: Property Address, Landlord Contact Information, Tenant Contact Information, Security Deposit Amount, Due Date, and any other move-in fees associated with the listing.
- Once all the information has been submitted, a success page will appear notifying you that the landlord has been sent a message to initiate the security deposit payment on their RentSpree account.
- The landlord will receive the email below notifying them to initiate the security deposit with their existing RentSpree account or to create a new RentSpree account.
Who gets it?
All agents that have a RentSpree account.