Industry veterans and property managers have been talking about increasing opportunities for the short-term rental market in 2021.
However, the real challenge lies in how to cash in these opportunities before it withers. Unconventional methods won’t help you to grow your business. Does your corporate housing solution allows secure and efficient way to accept online payments?
No doubt, pandemic has changed the way corporate housing work and operate. As a busy property manager, there’s a lot to keep track of, including the services used by your guests. It can be time-consuming to make sure nothing is missed. So how can you effectively track and record all of the guest’s costs?
That’s why you need to say “YES” to online payment.
Furthermore, collecting payments from drop-boxes, manually scanning checks, reconciling with the bank, and then uploading the paperwork into an audit tracker is time-consuming and frustrating. Bringing accounts payable and receivable online and automating the payments processes, saves you abundant time for providing quality services to your guests. Digitalization provides a modernized experience to your guests avoiding late payments, and limits in-person interactions.
Even if you are managing multiple units remotely, you can have an accurate and complete record of accounts through statements, balance sheets, and rent rolls using the online payment process provided by corporate housing solution providers. Now you can expand your portfolio without worrying about audits.
No wonder, property management companies have seen the difference in adopting Zenya’s online payments.
Here’s how owners and property managers are benefited from Zenya, a online corporate housing solution.
Monthly Payments Get Faster
Guests have the convenience of making payments online from anywhere, at anytime. It gives the flexibility to pay charges via e-check, credit/debit card, or ACH/bank drafts. It reduces risk and provides extra security when payments are made with a secure platform.
Automates Invoicing And Payments Processes
Automating recurring invoices and charges eliminates the need to manually enter the same information each month. No more double posting or any potentially missed invoice posting. You can generate, track, and schedule your invoices regularly saving the need to remember routine tasks. Any service charge can be automatically added to the invoice. It brings everything to one place, no manual entries, filing cabinets, scanning, and paper receipts. Zenya keeps all the systems in sync by reconciliation across the system.
Integrates With Your Existing Accounting System
Zenya can sync your invoices and payment to QuickBooks or with your existing accounting package automatically.
Online Payment Integration
Zenya can integrate with online payment portals like stripe that assure secure and compliant payment. Customers can safely and instantly pay from their laptop or phone.
Get Actionable Insights on Financial Health
With online payment histories, your team can identify trends such as late payment frequency or payment type preferences. This helps you to make future strategies for your business.
What all things property managers should think before finalizing payment solution
If you are managing a corporate housing that accepts direct reservations you need to have a reliable payment solution of your own.
But before you finalize one for your temporary housing business you need to consider the following points:
You need to ensure whether it easily integrates with your existing software. It will save you ample time if it integrates with most of the payment gateways like stripe.
Property management companies are now relying on Zenya to run their business.
With Zenya, setting up online payments is quick and easy. It helps corporate housing businesses to streamline their businesses, increase occupancy and provide a modernized guest experience.