For property managers that accept money order payments in the community office, it’s difficult to avoid the associated challenges, including theft, fraud, and the administrative time associated with manual processing and scanning errors. Learn how this property manager made these issues virtually disappear with the implementation of PropertyBridge Pay by Cash. Using a phased approach and marketing assistance from PropertyBridge, Morgan rolled out the solution to131 properties. The company expects to eliminate more than 25,000 money orders and automate the collection of nearly $17 million in rent payments annually.

With aspirations to reduce the amount of paper used in community offices, improve cash flow, and increase resident convenience, AIMCO set a lofty goal to increase annual automated payments by 15%. Aimco has consistently increased electronic payment enrollment, but new marketing efforts driven in coordination with PropertyBridge equated to a $1.8 million in additional electronic payments in one month alone that were previously paid non-electronically. Learn what strategies were implemented to put them on track to meet their goal.

This case study provides an in-depth review of why and how E&S Ring implemented an integrated electronic payment solution including credit/debit cards, ACH, check scanning and cash payments at MoneyGram to its portfolio of 38 properties and 9,000 units. The study also explores how the management company successfully achieved an electronic payment adoption rate of 100%, and quantifies the specific benefits they have seen as a result - from leasing staff freed from collecting payments and chasing delinquent residents to the reduced potential for fraud and greater funds availability.