PayProp United Kingdom

ABOUT

PayProp automates payments and reconciliations to bring an end to manual bookkeeping processes and enable growth for agents operating in the property rental market. Delivered as a cloud-based platform, the PayProp system processes more than £300 million annually, relating to more than 200 000 properties. PayProp is part of a global group founded in 2004. It launched in the UK in 2016, operating from offices in Sevenoaks, Kent.

**SUCCESSFUL AGENTS
**PayProp's technology enables letting agents automatically and securely collect payments, match them to the correct tenants, and pay property agents, landlords and contractors alike – all at the click of a button.

PayProp operates inside the banking system rather than as a bolt-on solution. This allows for faster payments seven days a week, 365 days a year, as well as real-time information of account balances and payments as soon as you log on to PayProp.

The PayProp dashboard offers at-a-glance visibility of a rental portfolio’s cash flow – revealing which tenants have paid and which haven’t. Slow payers are reminded via text message and email, significantly improving agents’ arrears situation. In addition, PayProp reveals month-on-month business growth and flags high-performing or underperforming properties, providing vital business decision support.

**HAPPIER LANDLORDS
**PayProp’s unparalleled transparency puts landlords’ minds at ease, keeping them informed and providing assurance of the safety of their funds and the performance of their assets.