Collecting rent - overview
RentSpree's rent collection tools let you send payment requests to your tenants and track everything in one place. You can collect one-time payments (security deposit, prorated rent, pet deposit, utilities) or recurring monthly rent with an optional late fee.
How your tenant pays
Your tenant gets an email with a link to pay from their RentSpree account, by ACH bank transfer or card. They choose the method, and you'll see which they used in your Payments dashboard. See the fees for collecting rent payments and when payments are deposited. All payments are between $3 and $10,000.
Where your money goes
Receive rent through RentSpree Money (a built-in account) or your own connected bank account. Set this up when you create your first payment request, or anytime in Payment Settings. A one-time tax and banking verification is required before you can receive funds. If you change your receiving account while a payment is in process, those in-process funds go to the previous account.
Set up your payout account and first request before the lease start date. The first payment takes 7 to 10 business days to clear while your account is verified, so send it early. More on deposit timing.
Tracking payments
Every request appears in your Payments tab as upcoming, processing, completed, or past due. If a tenant pays outside RentSpree, you can mark a payment as paid to keep records accurate. Understanding payment statuses.