Say YES to automation and watch your business grow!

Agents spend a considerable amount of time reconciling their portfolio, only to have to do the same thing again next month, the month after that and so on.

They accept that it’s a necessary evil that allows them to understand how much money they have made in a given month. Until now, there has not been a fully-automated alternative to the repetitive, error-prone manual reconciliation of landlord accounts.

Most systems today still require an agent to log on to their bank account, download a CSV file of payments received and upload it into Excel or similar before an agent can even begin the laborious process of reconciling or matching payments to external records.

Then comes the calculation of commissions and deductions from tenant monies before a payment run can finally be uploaded onto the banking system, so that the agent, landlord and contractors can all be paid – some three days later.

The future is here!

Those days are over. With PayProp, the purpose-built payment platform for rental agencies, this whole process is automated and 100% accurate – guaranteed, best money transfers.

“Agents won’t have to lift a finger or print a bank statement ever again: PayProp automatically and securely collects payments from tenants, pays all beneficiaries and transfers commissions directly into agencies’ bank accounts – in real time,” says Shawn Brown, director of PayProp UK.

Invoicing and statements

The automation does not stop at payments and their reconciliation either. Tenant invoices, landlord statements and payment reminders can all be auto-generated and dispatched with PayProp. “With your corporate branding on every communication, it keeps your brand front-of-mind, offering an extra advertising channel to help grow your business,” says Brown.

Reduce bad debt

PayProp also recently introduced automated payment reminders, using SMS and email. “While we are all aware of the power of SMS, nothing quite prepared us for the results of our first pilot,” says Brown. “Some 61% of customers in arrears settled their outstanding amounts within 48 hours of being reminded!”

Improve cash flow

PayProp frees agents up from the repetitive drudgery of bookkeeping and helps them focus on growing their business.

The platform’s smart digitisation of business processes further allows property businesses to gain better insight across their entire portfolio, revealing who has been paid and who still needs to be.

And due to the faster payment network that PayProp utilises, agents receive their commissions faster than ever – PayProp ALWAYS pays its agents their commission first.

All these factors, combined with the new payment reminder, help improve the agent’s cash flow, Brown says.

Anytime, anywhere

PayProp has been designed specifically for people on the go. Whether you are on a smartphone, tablet or PC, all of the agents’ data is available at the touch of a button. The PayProp platform is cloud-based to enable this seamless access to your business, and it works on all connected devices. So whether you are out seeing tenants or at home with the family, PayProp is available 24/7!

More
Want to know more? Check out this 90-second video – www.payprop.co.uk. Alternatively, feel free to drop us a line at support@payprop.co.uk or call 0203 740 7614.

Alex Evans

You May Also Enjoy

Rightmove logo
Breaking News

Rightmove’s Weekly Mortgage Tracker – 18/09/25

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.54% +0.02% -0.44% 5-year fixed 4.56% +0.01% -0.05%   Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.75% +0.00% -0.24% 5-year fixed 3.89% +0.00% +0.12%   Average…
Read More
Planning disputes on new build land
Estate Agent Talk

Slowdown in planning applications and decisions

Property lawyer says “The government have had a year to make improvements to house building and have not made any progress.” Housing Secretary Steve Reed has announced a “building acceleration package” to speed up house building in England after new figures revealed a slowdown in planning applications and decisions. David Smith, property litigation partner at…
Read More
bank of england interest rate
Breaking News

Bank of England’s holds interest rates at 4%

With the Bank of England’s decision to hold interest rates at 4%, here are some thoughts from the Industry.   Matt Smith, Rightmove’s mortgage expert: “A Base Rate hold today had looked fairly nailed on, especially after yesterday’s news that inflation remains stuck at 3.8%. The later-than-usual Budget is very much on the horizon, and…
Read More
Breaking News

Breaking Property News 18/09/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Exodus of Landlords – means lower supply and increased rents’ MPs have taken the Renters’ Rights Bill a major step closer to Royal Assent, confirming the scrapping of Section 21 “no-fault” evictions and the end of fixed-term tenancies, which will now convert into open-ended…
Read More
Breaking News

Energy Rules Without Power: Tenants and Landlords Both Question EPC Impact

New research from LRG reveals that both landlords and tenants are struggling to engage with the Energy Performance Certificate (EPC) system, raising serious questions about whether it can deliver on its intended goals ahead of the government’s 2030 targets. While landlords overwhelmingly support the principle of improving energy efficiency, confidence in the system designed to…
Read More
New Builds 2020
Breaking News

New Build Home Enquiries Double in Summer 2025 

From June to August 2025, Compare My Move’s conveyancing data shows a 120% increase in new build home purchase enquiries compared to the same period in 2024.  This surge reflects not only more people looking to buy homes overall but also a higher share of buyers choosing new builds. On average, 12% of purchase enquiries in…
Read More