Rent Collection Services

Rent Collection Process

• Use OpenRent's tenant-find service.
• Enable optional rent collection service:
  • Tenants set up a standing order, and rental income is sent to your bank account directly.
  • You will receive rental income straight to your bank account and OpenRent will also send chasers to the tenant if rent hasn't been paid.
  • Access to dashboard showing the payment status in real-time.
  • Cancel rent collection any time.

*Price breakdown

• £10 / month + one time £59 listing fee
• First months rent collection is free, and then you have the option of continuing the service for £10 per month with no tie-in contract. You can pause/unpause the service as and when you choose, and you'll only be charged the monthly fee when collection is unpaused and paid in full by your tenant.

More features included

• 2 x tenant references
• Deposit registration
• Digital Contract Maker
• Legal & eviction cover
• Rent payment recovery
• Property damage protection
• Criminal prosecution defence
• Contract disputes protection
• Deposit dispute assistance
• Repairs & maintenance management
  • Recording and responding to property issues
  • Obtaining competitive quotes
  • Instructing contractors
  • Monitoring progress
  • Confirming job completion

*Payment Options

£149 upfront setup fee, and then either:

• Annual payment option (£240 saving): 4% rent + £1188 (equivalent to £99 per month) inc. VAT deducted from initial rent
• Monthly payment option: 4% rent + £119 per month (inc. VAT) deducted from monthly rent

Portfolio landlord discounts available, ranging from 10-50% off monthly subscription fees. Book a call to discuss.