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Wednesday Apr 07, 2021

PayProp named RE/MAX Approved supplier for property management

PayProp, a global leader in residential rental payments, has been named an 'approved supplier' by leading international real estate brand RE/MAX.
The agreement covers all regions globally, as PayProp continues to expand rapidly into new areas, but is currently in force in South Africa, the United Kingdom, Florida and Texas in the United States, and Ontario Province in Canada.
The alliance will make the benefits of payment automation available to more than 130,000 RE/MAX real estate professionals worldwide, including over 2 600 across South Africa.
Great for independents and franchises

According to Jan Davel, CEO of PayProp SA, the announcement is the strongest indication yet of PayProp's value to residential rental agent.
"After 17 years in South Africa, six in the UK, and just over a year in the US market, PayProp's take on automated efficiencies and faster, more accurate bank-integrated payments has been given the seal of approval by the leading world-wide property group, RE/MAX," he says.
"In fact, PayProp's value can lift any rental business, whether you're a big-name franchise group or agent, a regional great or a family-owned local independent. PayProp continues its dominance of the rental industry in SA, and this important vote of confidence in our market offering is testament to that."
A powerful alliance

The link-up brings together two global leaders in the rental industry. Thousands of real estate businesses of all sizes in South Africa, the UK, Canada and the US are already proudly powered by PayProp - some since as early as 2004.
As a RE/MAX approved supplier, PayProp is promoted to Broker Owners and their agents through the RE/MAX Marketplace, the home of all RE/MAX products and approved suppliers.
Doing property management better

The agreement is an important recognition of PayProp's enormous value in the rental sector, and in many senses it couldn't have come at a better time for agents affiliated to RE/MAX.
Unlike the old and often inefficient property management systems currently used by many rental agents, PayProp is integrated directly into the SA banking system thanks to its partnership with Absa, providing quicker payments, real-time transaction logging, and 100% bank accuracy.
The platform intelligently and automatically matches incoming rent payments to the correct tenant and property, deducts commission and payments to contractors before distributing rental income to owners, and allows agents to distribute automatically generated invoices and statements to owners and tenants in just a couple of clicks.
Today, thousands of PayProp-powered rental agencies save hours each week and eliminate human error by automating their payment reconciliation processes, giving them more time to work with clients and grow their portfolios. Even better, they can do so with bank-grade security from any location on any device, freeing agents from offices and allowing them to work in more mobile, adaptable ways.
At a time when late or missed rent payments are a growing problem for rental agents, PayProp also gives them new tools to collect the money their clients are owed. Users can check in on the up-to-date account balance of any property in their portfolio and send one-click payment reminders by text message or e-mail when tenants are behind on rent.
Upwards and outwards

Davel and the PayProp team are looking forward to working with more RE/MAX rental agents and property managers across SA.
"Being chosen as a RE/MAX Approved Supplier will help us to share the incredible competitive advantage of true intelligent automation with more rental agents," he says. "They are the unsung heroes of the residential rental industry and deserve technology that makes their lives easier and their work more productive."
"Life is about choices, and in choosing PayProp we have certainly made the correct choice," says Arnold Eksteen,  RE/MAX Property Associates.


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