After your merchant account is approved by underwriting, here are some simple steps to start collecting online rent payments from your tenants:
Add your property and unit under the "Rentals" tab.
While viewing your unit, click Move in a tenant under the "Leases" tab.
Moving in a tenant is straight forward. We ask a few questions about the lease terms, payment terms, payment amount, and any deposits.
We then ask you to select an existing tenant, or enter in the information of the new tenant that you would like to invite to the tenant portal for e-payments. You will need the tenant's e-mail address. Our platform will automatically invite the tenant to AppSingular (www.appsingular.com), which is tied into VerticalRent. Your tenant will have access to the tenant portal, where they have the ability to setup recurring ACH rent payments, pay one-time security deposits, and submit maintenance requests.
That's it! Should you have any questions, simply use the "Support" feature within the application.