How to start a payments app for property managers: rent, deposits and contractor payments

By SendPay Business · · 2 min read

How to start a payments app for property managers: rent, deposits and contractor payments

Property managers and small letting agents collect rent from many tenants, pass it on to landlords and pay contractors for repairs. Much of this is still done by manual bank transfer and spreadsheets. A payments platform built for them can automate the routine and cut mistakes.

What property managers wantReaching themThings to watch

What property managers want

  1. Monthly rent collection that runs by itself.
  2. Simple transfers on to landlords.
  3. Quick payments to contractors after a job.
  4. Clear records for each property.

Reaching them

Property managers meet through local landlord associations, property shows and online groups. Start with small agents in one area and use their results to win the next ones.

Things to watch

Many countries have rules about holding tenants' deposits and client money, so check how these apply before you launch. Keep landlord and tenant money clearly separated in your records.

Where SendPay fits

SendPay lets you launch your own payments platform under your brand, with GBP, EUR and USD accounts, transfers, branded Visa cards, payment links, invoices and subscriptions, powered by licensed partners. SendPay isn't a bank and doesn't offer lending.

Build it

Create your own financial platform.

Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.

Build my platform →

Questions people ask

How do I start a rent collection platform?

Automate monthly rent and give landlords clear records.

Rent collection →
What is a virtual IBAN?

An account number that routes money into a main account.

Virtual IBANs →
What is a sweep account?

An account that moves spare cash automatically.

Sweep accounts →

Read next

This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.