PayProp automates payments and reconciliations to bring an end to manual bookkeeping processes and enable growth for agents operating in the property rental market. Delivered as a cloud-based platform, the PayProp system processes more than £300 million annually, relating to more than 200 000 properties. PayProp is part of a global group founded in 2004. It launched in the UK in 2016, operating from offices in Sevenoaks, Kent.
PayProp's technology enables letting agents to automatically and securely collect payments, match them to the correct tenants, and pay property agents, landlords and contractors alike – all at the click of a button.
PayProp operates inside the banking system rather than as a bolt-on solution. This allows for faster payments seven days a week, 365 days a year, as well as real-time information of account balances and payments as soon as you log on to PayProp.
The PayProp dashboard offers at-a-glance visibility of a rental portfolio’s cash flow – revealing which tenants have paid and which haven’t. Slow payers are reminded via text message and email, significantly improving agents’ arrears situation. In addition, PayProp reveals month-on-month business growth and flags high-performing or underperforming properties, providing vital business decision support.
For more on PayProp’s wealth of additional features, visit www.payprop.co.uk.
PayProp’s unparalleled transparency puts landlords’ minds at ease, keeping them informed and providing assurance of the safety of their funds and the performance of their assets.
For more information, watch a 90-second video about PayProp at www.payprop.co.uk, follow us on Twitter at www.twitter.com/PayProp, or find us on LinkedIn at www.linkedin.com/company/payprop-uk. To ask us a question or to arrange a free demo, email firstname.lastname@example.org or call 0203 740 7614.