About PayProp

PayProp is a cloud-based property management solution designed to help property professionals collect, reconcile and distribute rental payments for their properties under management – on time and to the right recipients.

PayProp’s technology is designed to free up real time for real estate professionals to do what really matters. Key features include automated payment administration, audit logging, arrears management and reporting.

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Key benefits of PayProp

Real Time Client Communication:
Save time with automated invoicing, payment notifications and reminders, as well as professional tenant and landlord statements, complete with branding.

Real Time Bank Integration:
With PayProp, balances are always live and accurate thanks to the direct link with global banks including Bank of America, CIBC (Canada) and NatWest Group (UK). And money can't go missing as the platform contains a detailed and date-stamped audit log of all activity.

Live Arrears Management:
Catches arrears before they become a problem with live payment status views and proactive payment reminders via email and text message.

Real Time Automated Reconciliation:
Accounting for client money is made easy as the tech automatically matches incoming payments to the right properties.

Real Time Automated Payments:
Outgoing payments are painless thanks to the platform's automated process that creates payments to owners and third parties according to company rules.

Real Time Owner and Tenant Views:
Gives owners a full overview of their properties and payments with the Owner app, and lets tenants view their entire payment history and make convenient, secure rent payments on the Tenant portal.

Real Time Security:
Protects the business and secures the clients' payments with bank-grade security. Users get a ringfenced trust account that prevents commingling of business and client money while keeping security deposits safe. Rights-based user access, separation of account duties, dual payment approval, 256-bit transaction encryption, a permanent account audit trail.

Real Time Business Continuity:
PayProp is cloud-based, so users can do their payment admin in a matter of minutes, anytime, anywhere, on any device. Free document storage, off-site backups and real-time data duplication guarantees their data's safety and availability, even in disasters or hardware failure.

Typical Customers

  • Freelancers
  • Small Businesses (2-50)
  • Mid-size Companies (51-500)
  • Large enterprises (500 and more)

Deployment

  • Cloud-based
  • On-premise

Markets

Canada, United Kingdom, United States, South Africa

Supported Languages

English

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Images

PayProp Software - Our platform - PayProp’s end to end rental payment platform frees property managers up with real time to do what really matters. Get more out of work. Get more out of life.
PayProp Software - Real time bank integration - Your entire rental property portfolio at your fingertips, instantly. Live, accurate totals, direct from the bank to your dashboard. Real time owner and tenant balances.
PayProp Software - Real time payments - Automate your rental payment admin from end to end. From paid in to paid out and everything in between in a couple of minutes–for your entire portfolio.
PayProp Software - Real time security - Rest easy knowing our platform is safe, encrypted and secure.
PayProp Software - Real time communication - Live, proactive tenant and owner communication. Automate your payment notifications and reminders.
View 10 more
PayProp video
PayProp video
PayProp video
PayProp video
PayProp video
PayProp Software - Our platform - PayProp’s end to end rental payment platform frees property managers up with real time to do what really matters. Get more out of work. Get more out of life.
PayProp Software - Real time bank integration - Your entire rental property portfolio at your fingertips, instantly. Live, accurate totals, direct from the bank to your dashboard. Real time owner and tenant balances.
PayProp Software - Real time payments - Automate your rental payment admin from end to end. From paid in to paid out and everything in between in a couple of minutes–for your entire portfolio.
PayProp Software - Real time security - Rest easy knowing our platform is safe, encrypted and secure.
PayProp Software - Real time communication - Live, proactive tenant and owner communication. Automate your payment notifications and reminders.

Features

Total features of PayProp: 80

  • ACH Payment Processing
  • API
  • Accounting Software
  • Activity Dashboard
  • Activity Tracking
  • Ad hoc Reporting
  • Alerts/Notifications
  • Audit Trail
  • Bank Reconciliation
  • Billing & Invoicing
  • Cash Flow Management
  • Check Writing
  • Client Portal
  • Communication Management
  • Contact Database
  • Contact Management Software
  • Critical Date Alerts
  • Customer Database
  • Customer History
  • Customer Statements
  • Customizable Branding
  • Customizable Fields
  • Customizable Reports
  • Data Import/Export
  • Data Security
  • Document Storage
  • Electronic Payments
  • Expense Tracking
  • Fee Calculation & Posting
  • Financial Analysis
  • Financial Management Software
  • Financial Reporting Software
  • For Real Estate
  • Invoice Management
  • Invoice Processing
  • Lease Management Software
  • Lease Tracking
  • Maintenance Management Software
  • Mobile Access
  • Mobile Payments
  • Multi-Location
  • Multiple Payment Options
  • Online Payments
  • Owner Portal
  • Partial Payments
  • Payment Processing Services Integration
  • Payment Processing Software
  • Payment Tracking
  • Portfolio Management
  • Property Database
  • Real Estate Rental
  • Real Time Analytics
  • Real Time Data
  • Real Time Notifications
  • Real Time Reporting
  • Receipt Management
  • Recurring Rentals
  • Recurring/Subscription Billing
  • Reminders
  • Rent Tracking
  • Rental Property Management Software
  • Reporting & Statistics
  • Reporting/Analytics
  • Residential Leases
  • Residential Properties
  • Search/Filter
  • Secure Data Storage
  • Self Service Portal
  • Short / Long Term Rental
  • Status Tracking
  • Summary Reports
  • Task Management Software
  • Tenant Portal
  • Tenant Tracking
  • Third Party Integrations
  • Transaction History
  • Transaction Monitoring
  • Trust Accounting Software
  • User Management
  • Work Order Management

Alternatives

HappyTenant

4.3
#1 Alternative to PayProp
HappyTenant is a property management system with a web portal and 4 mobile applications for each stakeholder, enabling...

ExactEstate

4.9
#2 Alternative to PayProp
ExactEstate’s is a customizable property management software that streamlines management to help users focus on growing...

iSite Lite

4
#3 Alternative to PayProp
iSite covers property, assets, facilities, projects, and programs management and combines data to deliver real-time...

Sage Intacct

4.2
#4 Alternative to PayProp
Sage Intacct is a leading provider of best-in-class cloud ERP software, and is the preferred cloud financial management...

Reviews

Overall rating

4 /5
(3)
Value for Money
3.7/5
Features
3.3/5
Ease of Use
3.3/5
Customer Support Software
3.7/5

Already have PayProp?

Software buyers need your help! Product reviews help the rest of us make great decisions.

Write a Review!
Showing 3 reviews of 3
Nathan
Overall rating
  • Industry: Real Estate
  • Company size: 11-50 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 9.0 /10

If you are serious about property management.. you need PayProp!

Reviewed on 2018-09-07

Very smooth process and customer support is top notch.

Very smooth process and customer support is top notch.

Pros

Automates your entire payment and reconciliation process, saving you time and money and all but eliminating human error. Invoices, remittance and payment statements, extensive reporting and accounting facilities.. takes care of all accounting and payment service, so that you can focus your efforts on customer service and growth! Customer support is superb.

Cons

What's not to like?! Add document sharing and a few tweaks to reminders and, PayProp will be by far and away the most cost effective tool on the market.

Response from Humanstate

Dear Nathan,

Thanks for writing and sharing such an amazing review. We're thrilled that you've been enjoying your experience with PayProp. Customer experience and satisfaction are a big priority for us, and this just reaffirms the hard work we're putting into creating a seamless customer experience every day.

Regards,
The PayProp Team

Paul
Overall rating
  • Industry: Real Estate
  • Company size: 2-10 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 7.0 /10

PayProp

Reviewed on 2018-09-05

Payprop delivers an immediate view of who has paid and anyone who hasn't instantly. No more...

Payprop delivers an immediate view of who has paid and anyone who hasn't instantly. No more checking Bank statements against properties.
This also provides automatic Landlord statements so these before took hours and hours to produce thus reducing and freeing up time to spend serving our customers and Landlords

Pros

Straight forward linkage to all properties and payments. 100% accurate with no anomalies.

Cons

Time to set up can be tedious, but worth it once populated and updated

Response from Humanstate

Dear Paul

Thanks so much for your recommendation! You've touched on many of the points that we believe make PayProp a great companion to lettings businesses. We look forward to working with you for many years to come and to keep helping your business thrive.

Regards,
The PayProp Team

Simon
Overall rating
  • Industry: Real Estate
  • Company size: 2-10 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 0.0 /10

Looked good but the reality has not matched our expectations

Reviewed on 2019-02-15

For us, the overall realisation of their (payprops) promise has failed to materialise. I genuinely...

For us, the overall realisation of their (payprops) promise has failed to materialise. I genuinely hope you have a better experience than we have had - In all honesty, we regret having signed up with them.

Pros

When demonstrated, it seemed to be pretty straightforward in use and although not specifically designed for our proposed block management usage, we were assured of the flexibility to make it fit.

Cons

The variations to block management usage have been very, very difficult for us to adopt. Senior payprop staff have attended our premises and promised a better performance, but in reality, little has actually been delivered. Even professional accountants preparing our clients annual block accounts have failed to understand the complexity of the statements provided!

National Westminster seem slow (by slow I mean, for example, that we still await a paying in book a mere five months, yes FIVE MONTHS, after it was requested).

I have rung customer services today and the promised call back has not materialsied. It is now 3.04 p.m. and customer services phone extension is not answering and you are directed to answerphone!

The customer unique reference has been a problem too and the Nat West have recorded these incorrectly at branch level for cheque payments - as a consequence we have a large number of unreconciled credits.

Response from Humanstate

Hi Simon,

Thank you for your feedback. We're sorry that your expectations have not been met. It is never the kind of experience we want our customers to have on our platform, and we are investigating your complaints to the full.

As you say, PayProp wasn't specifically designed for block management usage. However, given its flexibility, we worked hard with you to accommodate your acute need of a client money solution as explained to us. It is regrettable that things didn't pan out as expected.

A senior member of our team will reach out to you soon to address any remaining issues as swiftly and seamlessly as possible.

Thank you,

The PayProp Team

PayProp FAQs

Below are some frequently asked questions for PayProp.

PayProp offers the following pricing plans:

  • Pricing model: Subscription
  • Free Trial: Not Available

Chat to our expert team to get a custom quote based on your business needs. • A monthly percentage fee decreasing as your portfolio grows • No fixed contract • Unlimited users, training and support included

PayProp has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500

PayProp supports the following languages:

English

PayProp supports the following devices:

We do not have any information about what integrations PayProp has

PayProp offers the following support options:

Email/Help Desk, Phone Support

Related categories

See all software categories found for PayProp.