PayProp named REMAX Approved Supplier for property management | News

MIAMI, March 31, 2021 / PRNewswire / – PayProp, a leading global provider of home rental payments, has been recognized as a recognized supplier by leading international real estate brand RE / MAX.

The agreement covers all regions worldwide as PayProp continues to expand rapidly into new areas but is currently only in effect Florida and Texas in the The United States, the Ontario Province in the Canada, as well as United Kingdom and South Africa.

The alliance will bring the benefits of payment automation to more than 130,000 RE / MAX real estate professionals worldwide, including tens of thousands The United States.

Real estate management software on termination

According to Louw Liebenberg, CEO of PayProp in North AmericaThe announcement is the strongest indication yet that older software providers have been taken notice of by the property management industry.

“After just over a year in the US market, PayProp has earned the RE / MAX seal of approval for adopting automated efficiency and faster, more accurate bank-integrated payments,” he says.

“The rental industry is ready for a change and this important vote of confidence in our market offering is proof of that.”

A powerful alliance

The alliance brings together two of the world’s leading real estate companies. While the payment platform wasn’t launched in the US until 2019, there are thousands of real estate managers of all sizes in the US Canada, the United Kingdom and South Africa are already proud of PayProp – some since 2004.

Liebenberg says that working with a well-known franchisor in RE / MAX is a real blessing and that PayProp will soon see similar successes The United States. I’ve made waves in the Florida In the rental market, the company launched its online platform with support for sales and service Texas Earlier this year and is now preparing to open Illinois, Washington, Alabama, Missouri and Georgia within the next few months.

As a RE / MAX approved supplier, PayProp is promoted to franchisees via the RE / MAX marketplace and can also access other marketing opportunities for the network, both in The United States and all over the world.

Make property management better

The agreement is an important recognition that PayProp is doing something unique in the American real estate sector and, in many ways, could not have come at a better time for RE / MAX affiliates.

Unlike the old and often inefficient property management systems currently used by many property managers, PayProp is integrated right into the US banking system thanks to its partnership with Bank of America, offering faster payments, real-time transaction logging, and 100% banking accuracy.

The platform intelligently and automatically assigns incoming rental payments to the right tenant and property, deducts management fees and payments to contractors before the rental income is distributed to owners, and enables agents to automatically generate invoices and bank statements with just a few clicks Distribute owners and tenants.

Today, thousands of PayProp-based property management companies are saving hours and eliminating human error every week by automating their payment matching processes and giving them more time to work with clients and expand their portfolios. Even better, they can do this with bank-grade security from anywhere on any device, freeing real estate managers from offices and making them more mobile and adaptable.

At a time when late or missed rental payments are a growing problem for property managers, PayProp also offers them new tools to get the money owed back. Users can check in the current balance of a property in their portfolio and send payment reminders via SMS or email with a click of the mouse if tenants are in default.

Upwards and outwards

With the Alliance official ever since January 2nd, Louw Liebenberg and the PayProp team are looking forward to working with other RE / MAX affiliates and property managers The United States and worldwide.

“By being selected as a RE / MAX approved supplier, we can share the incredible competitive advantage of true intelligent automation with more property managers,” says Liebenberg. “Property managers are the unsung heroes of the home rental industry and deserve technology that makes their lives easier and their jobs more productive.”

About PayProp

PayProp is an automated rent payment and reconciliation platform for the real estate sector. PayProp was introduced in 2004. Since then, it has quickly grown into a leading processor of rental payments for the property management industry, now serving a large and diverse client base of property professionals. Our platform sets the standard for speed and accuracy of payments as well as transparency of costs and payment status and offers our customers complete transaction control and legal compliance. PayProp is part of the Humanstate Group, an international private technology services group with subsidiaries in the United Kingdom, United States, Canada, Switzerland and South Africa.

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