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Tenants Don't Pay Admin Fees - Add Listing
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We've handled over £1.4 billion in rent and deposit payments for over 7.1 million landlords and tenants, with client money protection to ensure your money and the tenants' money is always protected.
Our position as the UK's biggest letting agent gives you the best tooling to make sure your rent arrives on time, every time.
Monthly Payment
£10 (VAT exempt)
Our smart rent collection service is designed to take the admin, pain, and any awkwardness out of chasing for rent payments.
OpenRent will provide support if a tenant fails to meet their obligations, as well as give you a clear dashboard and history for all rent payments to make sure you don't miss anything.
We also don't hold funds, and pass money directly to your bank account as it lands.
Enable Rent Collection
OpenRent Landlord"Would highly recommend"
I love OpenRent, with rental collection everything is made super easy
All OpenRent landlords using our Rent Now service can use Smart Rent Collection.
You do need to be in the process of setting up a tenancy, or have already set up your tenancy.
We provide tenants with a unique bank account for your tenancy, and they pay into that. As soon as the rent hits the account, we instantly notify you and the payment is sent to you the same working day.
There's no holding period: as soon as the rent is paid to us, we pay it to you, automatically.
We'll send you a brief confirmation email with each payment we make to you, so your records are up-to-date without you needing to check your bank.
If your tenant is late on rent, we'll notify you automatically, and chase the tenant on your behalf.
If, for whatever reason, your tenant stops paying, we have legal partners who will be happy to help.
If you set up Rent Collection from the start of a tenancy, OpenRent will never share your bank details with the tenant.
This keeps your private details secure, whilst ensuring your rent can be paid promptly and securely.
Currently - we don't report rent payments in real-time to credit agencies. In future this may change, meaning tenants benefit from boosting their credit score by paying on time.
Equally if a tenant fails to pay on time, this would mean they'd be damaging their credit score. Keeping incentives aligned for both tenants and landlords.
If debt collection is required, regardless of real-time reporting, this of course will always impact a tenant's credit score.
