1. Convenient for the tenant

It takes on average 5 minutes to make a payment manually, but with an automatic payment, the time is 0. Five minutes may not seem very long, but given that a person may need up to 25 minutes to switch from one activity to another, the actual time can be significantly longer. It takes anywhere from 5-10 minutes to set up automatic payments.

2. A credit card can also be used as means of payment

In the Rentguru automatic payment environment, the tenant can use both debit and credit cards to make payments. You can also add more than one payment instrument, and when one card runs out of money, the following is automatically used.

3. Control is in the owner’s hands

Unlike a standing order that is commonly used in Estonia, which the tenant can make in their bank account, when making an automatic payment through Rentguru, the owner also retains control over the payment receipts. If the lessee has set up the payment via standing order, the landlord will not be notified of the payment failure. With a standing order, the landlord still has to check monthly receipts. Rentguru’s automatic payments release the owner from this obligation. If the lessee’s means of payment has expired or a card does not have sufficient funds and the payment therefore fails, the landlord must be notified. The owner can then already contact the tenant to specify the receipt of the payment.

4. A good opportunity to save money

Rentguru’s automatic payments are credited to the owner’s account. The owner can make payments to his bank account at any time or, conversely, use the account as a way to save money and make a withdrawal only when a larger sum has accumulated.