The concept of digital payments has been around long enough that most people don’t question the speed or convenience of, for example, splitting a restaurant bill using Venmo, or paying rent through an app.
The multifamily housing industry, like so many others, is witnessing a transformative period of rapid change. In order to stand the test of time, apartment operators need to stay up to date, on their toes, and prepared to address the many challenges property management companies face today.
Switch to the truly digital payment platform for the multifamily industry.
New reporting services can help get rent payments applied to building good credit.
Domuso evaluated its portfolio of national multifamily properties to uncover rent payment trends at the start of the April payment cycle as compared to March. Resident payment activity was analyzed during the first 15 days of April as residents and property owners were forced to adopt contactless payment processes.
The COVID-19 pandemic has been difficult on property management operations and resident relations, but its true economic impact may not be known for months.
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