FAQ > Online Rent Payments
How much time does it take to receive rents through SimplifyEm.com Property Management Software?
Timeline for Receiving Rent Payments
When tenants make rent payments through SimplifyEm.com Property Management Software, the process is designed to be efficient and transparent. Typically, it takes about three business days for SimplifyEm.com to verify the tenant’s payment. This verification step is crucial to ensure that the payment is valid and processed correctly, reducing the risk of errors or disputes.
Once the payment has been verified, it is promptly submitted for deposited into your designated bank account. In general, you can expect the entire process—from payment submission by the tenant to the funds being available in their bank account—to take typically 3 business days from the date of rent withdrawal from the tenant’s bank account.
Throughout this process, SimplifyEm.com ensures that you are kept informed at every stage. As soon as a payment is made, your account on SimplifyEm.com is immediately updated. You’ll be able to see when the payment was received, verified, and submitted for deposit, providing you with full visibility. Your worksheet within the software is also updated in real-time to reflect the payment received, showing it as allocated against the tenant’s rent due date. This seamless tracking helps landlords stay organized and monitor their cash flow with minimal effort.
You can check this FAQ for more details to know how you will be notified: Once a tenant’s rent payment is withdrawn, will I be notified?