Cash

The PropertyBridge Cash Services solution is the first strategic solution to address a costly problem for property management companies — handling money orders and cash in community offices. In certain regions, as many as 50% of residents pay their rent by cash or money order resulting in significant processing costs and risk for property managers. Manual entry of payments data and trips to the bank can also be a major drain on community manager productivity.

"Many renters still prefer to pay their rents in cash or money order.  These largely unbanked residents make up more than half of the renter population in some regions of the country."  Read more of "The Business of Fraud" in Multihousing Professional Magazine.

Our Cash Services solution allows residents to electronically send their rent payment to the property manager through approximately 40,000 MoneyGram® agent locations across the U.S.

With this unique solution you’ll save time by integrating each rent payment into your accounting and business systems. Plus, the fraud issues and data entry errors are eliminated by removing money order and cash payments from community offices.

Benefits of PropertyBridge’s Cash Services Solution for Property Managers

• No cost - property managers pay no transaction fees for payments made at MoneyGram
• Reduce fraud - removing cash and money orders from community offices reduces risk
• Eliminates the hassles of processing money orders
• Automates a payment type that was previously labor intensive to process

Benefits of PropertyBridge’s Cash Services Solution for Residents:

• Save money - residents may not have to purchase multiple money orders to cover their rent
• Convenience - residents can pay their rent virtually anywhere, even while grocery shopping
• Save time - residents don’t have to travel back to the community office to drop off their rent
• Peace of mind - residents receive receipt with confirmation of payment

How Does it Work?

• Resident visits MoneyGram agent location to send rent in cash
• Payment appears in PropertyBridge application
• Resident takes receipt as proof of payment
• Property management firm receives electronic payment