Recurring payment requests send your tenant a payment link each month automatically. You set the amount, the start date, and an optional end date. RentSpree takes care of the reminders and tracks every payment in your dashboard.
Step 1: Open the Payments tab
From your property dashboard, select the Payments tab, then click Set up payment.
Step 2: Select who receives the payout
Choose Me as you are the landlord collecting rent. Selecting My Client is typically used if an agent is setting up payment requests on your behalf.
Step 3: Select a property and tenant
Choose the property and then select your tenant from the dropdown. If your tenant isn't listed, you can add them from this screen.
Step 4: Add a recurring payment
On the "What payments are you requesting?" screen, click + Add payment. In the panel that appears, set the following:
- Payment type: select Rent (or whichever type applies)
- How often: select Monthly
- Amount: enter the monthly rent (between $3 and $10,000)
- Starts on: the date of the first payment
- Ends on (optional): set an end date for fixed-term leases. Leave blank and payments continue month-to-month.
- Note (optional): any context for your tenant, up to 50 characters
Enabling a late fee
Toggle on Enable late fee to automatically add a late fee when rent isn't paid on time. You'll configure two things:
- Grace period: the number of days after the due date before the late fee applies
- Fee type: choose Flat amount (a fixed dollar amount) or Percentage (a percentage of the rent)
Before saving, check the box acknowledging that you are responsible for keeping late fees within your state's limits and the terms of your lease.
A grace period of 3 to 5 days is common practice and accounts for bank processing times. Check your state's landlord-tenant laws before setting a late fee amount. Limits vary by state.
Fees and timing
RentSpree charges a $3 processing fee per recurring transaction, deducted from the amount you receive. A $2,000 rent payment results in $1,997 deposited to your account.
Your tenant can pay by ACH bank transfer (free, 3 to 5 business days) or credit/debit card (3% fee to the tenant, 1 to 3 business days, $5,000 limit). The first payment takes 7 to 10 business days while your account is verified. Subsequent payments follow the standard timeline.
Changing a recurring payment
You cannot edit a recurring payment request after it's been sent. To make changes, end the current request and create a new one.
Ending a recurring request stops all future payments immediately. Set up your new request before ending the existing one to avoid a gap in your collection schedule.
Need to collect a one-time charge alongside monthly rent? You can add multiple payment types in a single request by repeating the steps above and selecting "One-time" on the +Add Payment menu.