Rent collection software designed for landlords has become more than just a convenience—it’s a necessity for landlords who want reliable cash flow, fewer late payments, and reduced administrative burden. Relying on manual bank transfers, spreadsheets, or constant tenant follow-ups leads to delays, errors, and unnecessary stress.
Fortunately, modern rent collection tools now automate payments through secure banking connections, payment links, and real-time reconciliation. This allows landlords and property managers to focus on growing their portfolios instead of chasing payments.
In this guide, we review six automated rent collection tools designed to simplify operations. Each solution offers different features, integrations, and levels of automation to fit varying property management needs.
Finexer
Best For
Landlords, letting agents, and portfolios seeking near-instant payouts and reduced transaction costs.
Key Features
- Real-time settlement with automatic reconciliation.
- Secure Open Banking rent collection.
- Rent requests that tenants can approve directly in their banking app.
- Wide UK bank coverage with full compliance.
Pros
- Significantly lower fees than card payments.
- Instant access to funds.
- White-label options for branded experiences.
- Strong security and compliance.
Cons
- Recurring payments require tenant re-authorization.
- Some tenants may need education on Open Banking.
Pricing
Transaction-based fees with discounts for higher volumes.
Ideal Use Cases
Landlords and agents seeking faster rent settlement, lower costs, and seamless integration into existing systems.
PayProp
Best For
Agencies and portfolio managers who need a complete rent collection and payout system.
Key Features
- Automated collection, allocation, and landlord payouts.
- Bank-level reconciliation for accuracy.
- Same-day payouts using Faster Payments.
- Built-in arrears management and audit-ready statements.
Pros
- Cuts rent-day admin by up to 90%.
- Creates portals for landlords and tenants.
- FCA-regulated structure for fund security.
- Scales easily for larger portfolios.
Cons
- Percentage-based pricing can be costly on high-value rentals.
- Best suited for agencies rather than individual landlords.
Pricing
Typically 0.9%–1.2% of rent collected, with onboarding included.
Ideal Use Cases
Letting agents seeking full automation, instant payouts, and compliance-ready records.
Hammock
Best For
Landlords who want rent tracking, real-time alerts, and tax-ready reports without changing bank accounts.
Key Features
- Automated rent monitoring via bank connection.
- Real-time notifications for late or missed payments.
- Tax reporting compatible with Making Tax Digital.
- Mobile app for easy property and finance management.
Pros
- Works with over 50 UK banks.
- Reduces reliance on spreadsheets.
- Affordable for small portfolios.
- No need to switch bank accounts.
Cons
- Tenants must initiate payments.
- Limited features for agencies.
Pricing
From £5.99/month for small portfolios, scaling for larger ones.
Ideal Use Cases
DIY landlords looking for low-cost monitoring and simplified tax compliance.
Renthub
Best For
Small-scale landlords wanting easy rent collection without complex software.
Key Features
- Secure Open Banking payment links.
- Automated reminders and recurring requests.
- Central dashboard for payment tracking.
- Quick setup with no extra integrations.
Pros
- No apps required for tenants.
- Faster settlement than card payments.
- Ideal for time-saving, small-scale management.
- FCA-regulated infrastructure.
Cons
- Tenants must authorize payments each time.
- Limited scalability for larger agencies.
Pricing
Pay-as-you-go with low per-transaction fees.
Ideal Use Cases
Landlords with a small number of properties who want a simple, affordable solution.
Re-Leased
Best For
Commercial landlords and managers of mixed-use portfolios.
Key Features
- Automated rent and service charge collection.
- Real-time reconciliation with bank feeds.
- Late payment alerts and arrears workflows.
- Integration with major accounting software.
Pros
- Designed for complex commercial portfolios.
- Centralizes leases, compliance, and payments.
- Highly scalable for enterprise-level operations.
Cons
- More expensive than residential-focused tools.
- Overly complex for small buy-to-let landlords.
Pricing
Custom quotes based on portfolio size.
Ideal Use Cases
Commercial landlords needing a full-featured system with automation and reporting.
Arthur Online
Best For
Agencies and landlords who want a full property management platform with rent automation.
Key Features
- Automated rent reminders and collection.
- Tenant app with payment and arrears tracking.
- Bank feed reconciliation.
- Integrated property and maintenance management.
Pros
- Built for professional property managers.
- Integrates with accounting tools.
- Mobile-friendly for landlords and tenants.
- Scales easily with portfolios.
Cons
- Requires onboarding and training.
- Some automation depends on third-party payment gateways.
Pricing
From £49/month for up to 20 units, with additional costs for advanced features.
Ideal Use Cases
Professional landlords and agencies needing an all-in-one management platform.
Conclusion
Selecting the right automated rent collection system depends on your portfolio size, type of properties, and how much administrative work you want to eliminate. Smaller landlords may prioritize affordability and simplicity, while larger agencies or commercial owners may need robust compliance, integration, and scalability.
No matter which option you choose, adopting an automated rent collection tool reduces stress, improves cash flow reliability, and saves hours every month. It allows landlords to shift their focus from chasing rent to growing and managing their property business more effectively.
