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.
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: uk.payprop.com
Launched in 2004
£2.3 billion processed
A Humanstate company
44 London Road, Sevenoaks
Kent, TN13 1AS
+44 (0)20 3740 7614
20% more landlords* are struggling compared to last year. They’ve been caught in a perfect storm of higher interest rates, bigger tax bills and ever-increasing numbers of tenants in arrears**. All this makes your role as a letting agent more crucial than ever – you can be the difference between them sinking or swimming!
With PayProp, our clients can:
· Pay their landlords faster – PayProp automates your banking in real time, combining tenant reconciliations and landlord payments in one simple process that can be done at the click of a button, saving you time and speeding up payment.
· Instantly see if tenants are late with the rent – your PayProp client account is plugged directly into the UK banking system. The system checks every 15 minutes to see if tenants have paid, so you know automatically as soon as the rent is overdue. You can send reminders to tenants from within PayProp. Our figures show that 64% respond within 48 hours.
· Provide landlords with accurate information – PayProp data is pulled directly from your bank files, so you can be sure the statements you send to your landlords through PayProp are 100% accurate 100% of the time.
PayProp gives you all this and more! Why not see for yourself?
* UK Finance, 2018 (formerly the Council of Mortgage Lenders)