Property Management
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Case Study

Los Angeles Property Management eliminates 95% of all manager and bookkeeper expenses

Los Angeles Property Management manages 13 low-income multi-family apartment buildings in the Los Angeles area

The Problem

With live-in managers at each property, tenants were allowed to pay with money orders, checks, deposit slips, and in rare cases cash. The result was a manual rent collection process that was prone to errors and slow deposit times. Often times, rent week included reviewing faxed documents and reconciling bank deposits that had no tenant or property names associated with them.

The Solution

Now, all of Los Angeles Property Management’s tenants are required to use PayNearMe to pay their rent. Because tenants now pay their rent at local 7-Eleven stores, Los Angeles Property Management has eliminated the need for live-in managers. Furthermore, they take full advantage of real-time payment notification and reconciliation.

The Results

  • $40,000 in annual cost savings from reduced manager and bookkeeper expenses
  • 50% of owner’s time freed up
  • Real-time payment reconciliation for all tenants
  • Ability to expand more quickly and manage more properties

Give your customers an easier way to pay with cash.

Thank you for your interest in PayNearMe!

Thank you for completing the form. We have an integration with your property management software platform, which will enable you to offer PayNearMe as a payment method through them. Please reach out to your relationship manager for your property management software platform and ask them how you can get started with offering PayNearMe.

Thank you for completing the form. We do not currently have an integration with your property management software platform, although we'd love to work with them so that you can offer PayNearMe to your tenants. Please reach out to your relationship manager for your property management software platform and tell them you'd like them to offer PayNearMe. They can reach us directly at sales@paynearme.com.

Thank you for completing the form. We will be in touch with you as soon as possible to help you get started with offering PayNearMe.