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PayProp

About PayProp

PayProp is an automated payment and reconciliation platform specific to the lettings industry that is both easier to use and more powerful than solutions offered by banks and traditional software vendors.

Our history

PayProp was launched in 2004 and has quickly grown to become one of the largest processors of rental payments for the property management industry.

In the United Kingdom, PayProp is recognised as a Platinum Industry Approved Supplier by ARLA Propertymark and sets the standard for speed and accuracy of payments, cost and payment status transparency, complete transactional control, and regulatory compliance.

PayProp is part of the Humanstate Group, an international company with subsidiaries in the United Kingdom, Switzerland, Canada and South Africa.

For more information, visit: www.payprop.co.uk

Quick stats

  • Launched in 2004

  • £2.3 billion processed

  • 500,000 tenancies

  • Bank-grade security

  • A Humanstate company

Contact us

44 London Road, Sevenoaks

Kent, TN13 1AS

United Kingdom

+44 (0)20 3740 7614

 

Join PayProp

The right PropTech can avert lockdown chaos – and forever revolutionise rental payments

01 March 2021 6309 Views

The right PropTech can avert lockdown chaos – and forever revolutionise rental payments

With one of the world’s most successful vaccine rollout programmes under way in the UK, the chances of a complete lockdown – where agencies are forced to close – are hopefully slim. However, it doesn’t hurt to be prepared!

We’ve all experienced how quickly circumstances can change, and planning for every eventuality can be both stressful and take time away from running the business. And yet, even if the office is closed and viewings can’t take place, landlords still expect the rent to be paid on time.

That’s where PayProp can help. Instead of planning for the worst, plan for the best and transform your rental admin process so it’s smart, flexible and can continue to thrive no matter where you work.

  • With PayProp, all rental transactions are automated and reconciled online – so no sharing of bank cards or bank keys is necessary, making payment processing simple and secure.

  • Whether you’re socially distancing with your laptop in your home office or looking after the kids, mobile phone in hand, the payment process is online and does not change.

  • PayProp revolutionises arrears management by flagging any late rent payments and can automate arrears chasing – there’s no need to spend hours searching bank statements. Our automated e-mail and text arrears reminders result in 90% of tenants paying some or all their rent in seven days.

  • Excel files on your work computer and printouts are no longer needed as all rental payments are automatically reconciled online against the tenant and property – you no longer have to spend hours searching bank statements.

  • PayProp is also integrated into the UK banking system, meaning what you see on PayProp is what you have in your bank account – no need to double check.

  • Rent can be distributed to landlords, contractors and as commission on the same day the rent is received, transforming your agency’s speed and efficiency. There are no delays caused by office closures, as everything needed to process those payments is done on PayProp.

  • Security isn’t an issue either, as PayProp has a full audit log listing every action taken by a user on the platform and more, so you have complete oversight of your business.

  • And if you are worried, our free award-winning UK support team is here to help, whether you're at home or in the office.

We also know that the last thing agents want when facing the unexpected is extra costs. That’s why we don’t charge for extra users – if more people need access because of a lockdown, you won’t be charged a penny extra.

Now, instead of taking time to plan for the worst, use that time to transform your rental admin by booking a demo with us.

Book a demo

 

Get in touch

By submitting your enquiry you agree to the details entered in this form being passed to PayProp for the purpose of contacting you regarding your enquiry and that you have read and accepted our Terms and Conditions. Please see our Privacy Policy for information regarding the processing of your data.

Office

UK Office
44 London Road,
Sevenoaks
Kent
TN13 1AS
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