We Charge a Clear 3%.
Plus software from $5/mo.
Most listing platforms hide dashboard fees and card percentages. VerticalRent landlords pay a 3% platform fee on collections. Renters pay no extra ACH fee or 2.9% + $0.30 for cards. Landlord Platinum is $5/month plus $2 per extra door, capped at $99. Electronic collection requires Verify ($5) or Platinum.
First door free. Electronic rent collection requires Verify ($5) or Platinum. Platinum $5/mo + $2 per extra door. Renters pay no extra ACH fee.
The Math That Should Make You Switch
Platinum software vs. listing-platform dashboard fees. Rent processing is 3% either way — here's the honest split.
| Monthly Rent | Platform @ 2.9% + 30¢ | VerticalRent 3% platform fee | You Keep |
|---|---|---|---|
| $800/mo | $23.50/mo → $282/yr | $24/mo → $288/yr | About even |
| $1,200/mo | $35.10/mo → $421/yr | $36/mo → $432/yr | About even |
| $1,500/mo | $43.80/mo → $526/yr | $45/mo → $540/yr | About even |
| $2,000/mo | $58.30/mo → $700/yr | $60/mo → $720/yr | About even |
| 5 units @ $1,200 | $175/mo → $2,106/yr | $180/mo → $2,160/yr | About even |
Competitor card fee calculated at 2.9% + $0.30. VerticalRent's landlord platform fee is 3% of rent on ACH and card. Platinum software is separate ($5 + $2/extra door).
How Automated Rent Collection Works
Set it up once. Get paid automatically every month. Stop chasing rent.
Auto-Pay Setup
Tenants set up auto-pay once. On the due date each month, payment is sent automatically. You don't chase, they don't forget.
Payment Reminders
Automated reminders go out 3 days before rent is due. If payment isn't received by the due date, a second reminder goes out automatically.
Grace Period Enforcement
You set the grace period on the lease. Late fees are added to the amount due — they are not a separate auto-charge unless the renter is on autopay that goes past due.
Late Fee Automation
Late fees are calculated, applied, and communicated automatically based on the terms in your lease. No awkward conversations.
Ledger Auto-Update
Every payment hits your income ledger automatically — categorized as rental income and ready for your Schedule E at year end.
Direct Bank Deposit
Funds deposit directly to your bank account. ACH settles in 2–3 business days. No platform holding your money.
What Your Tenants Experience
A smooth tenant payment experience means fewer late payments and fewer headaches for you. VerticalRent is designed to be dead simple for tenants.
- ✓ No app download required — works in any browser
- ✓ ACH bank transfer or credit/debit card accepted
- ✓ Save payment method for future payments
- ✓ Set up auto-pay in under 2 minutes
- ✓ Automatic receipt confirmation by email
- ✓ Payment history always accessible
No extra renter fee on ACH · Landlord 3% platform fee
Every Payment Hits Your Financial Ledger Automatically
Rent collection and your financial records work together — not separately.
Automatic Categorization
Every rent payment is automatically recorded as rental income in the correct Schedule E category. No manual entry.
Per-Property Ledger
Income and expenses tracked per property. See profitability for each unit at a glance — not everything lumped together.
Year-End Tax Ready
At year end, your entire ledger is ready to hand to your accountant. Schedule E export and AI Tax Summary are Platinum.
How VerticalRent Stacks Up
The real cost of "free" rent collection platforms is hiding in the fee structure.
| Platform | Fee Per Payment | Annual Cost @ $1,500 rent | Late Fee Automation | Ledger Integration |
|---|---|---|---|---|
| VerticalRent ★ | 3% platform fee | $540/yr | ✓ | ✓ |
| TurboTenant | 2.99% | $539/yr | ✓ | ✗ |
| Apartments.com | 2.75% | $495/yr | ✗ | ✗ |
| Zelle / Venmo | $0 | $0 | ✗ | ✗ |
Note on Zelle/Venmo: While they have no payment fee, you get zero automation — no auto-pay, no late fee enforcement, no ledger integration, no receipts, no records. One audit or tax question and you'll wish you had a paper trail.
Frequently Asked Questions
How much does VerticalRent charge for rent collection?
Landlords pay a 3% platform fee on collections after Verify ($5) or Platinum. Renters pay no extra ACH fee, or 2.9% + $0.30 for cards. Landlord Platinum is $5/month plus $2 per extra door.
Is the 3% the only landlord fee on rent?
Yes on collections — 3% for Free and Platinum. Platinum is a separate $5/month software subscription plus $2 per extra door, capped at $99. Card-paying renters also pay Stripe's 2.9% + $0.30 convenience fee.
Can tenants pay by credit card?
Yes. Bank transfer has no extra renter fee, or credit/debit card at 2.9% + $0.30. Both support autopay. Landlords pay a 3% platform fee on collections either way.
Does VerticalRent do automatic late fees?
You set your late fee amount and grace period on the lease. Late fees are added to the amount due. They are not a separate auto-charge unless the renter is on autopay that goes past due.
How fast do funds arrive?
Bank transfers: 2–3 business days. Card payments: 1–2 business days. Funds go directly to your bank account — VerticalRent doesn't hold your money.
Rent Collection That Actually Respects Renters
3% landlord platform fee after Verify ($5) or Platinum. No extra renter ACH fee. Auto-pay, late fees, and ledger included. Platinum from $5/mo.
Set Up Rent Collection Free