You can set up a new Rent Collection contract by following the steps below:
Step 1: The first step is to log into your profile and navigate to “Rent Collection”.
Step 2: Select “New Rent Collection” in the right corner.
Step 3: You will need to select the tenant in the dropdown menu and the information of the rental property.
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In case you choose to “Add Tenant”, you can enter the name, email ID, and phone number and click on “Add”.
Step 4: You will now have to enter the rent amount along with the start and end date.
Step 5: Once complete, you will have to link your banking account where you would want the rent to be deposited.
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When you click on “Add new bank account“, you will have 2 options to link your bank account. You can either manually link your bank account by choosing the option “Enter account details manually” or log in using Plaid, by choosing the option “Connect via Bank“.
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If you select “Enter account details manually”, you will have to enter your details and upload a void cheque.
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If you select “Connect via Bank”, you will have to choose the financial institution and proceed to connect.
Step 6: At the final step, you must complete the verification process and you can add a document for proof of ownership as it is optional.
