PayProp Ltd | Kerfuffle
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PayProp Ltd

5 Rating based on 18 reviewsLeave Review
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PayProp Ltd

PayProp is an automated payment and reconciliation platform for residential letting agents. It’s more powerful and... Read more

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Overview

PayProp is an automated payment and reconciliation platform for residential letting agents. It’s more powerful and easier to use than solutions from banks and other vendors.

By automating and optimising inefficient rental payment admin, PayProp frees up real time for real estate agents to do what really matters.

PayProp charges agents a percentage of the rent money processed by your business, and this percentage decreases the more you process. If you don’t process any funds, you don’t pay the percentage!

Collect and match rent to the right payers, make faster outgoing payments, report on your entire portfolio and more – in just a few clicks.

The platform’s unique bank-integrated client account gives you complete visibility and accuracy across all your landlords and tenants.

PayProp’s detailed dashboard shows you live information about incoming and outgoing rental payments, portfolio growth and commission income, and links to a complete overview of your portfolio.

You also get an up-to-date list of tenants who have paid and tenants in arrears. Automated arrears reminders can be sent via e-mail and text message, which is proven to result in more tenants paying.

PayProp’s award-winning support team, based in the UK, is available via phone and e-mail.

Join the thousands of agents who save time and grow their business with PayProp.

Problems we solve for agents

PayProp is the ultimate rental payment platform that frees up your time, your money and your agency for more.

Our platform is integrated into the UK banking system, so your landlord and tenant account balances are always up to date and accurate to the penny.

Detailed dashboards show the properties under your management, money flows, high-risk tenants and much more in one place.

With us you can:

1. Automate your rental payment admin from end to end
2. Reconcile your entire portfolio in a few clicks
3. Manage arrears automatically
4. View your entire rental portfolio’s performance in an instant and 
5. Track incoming and outgoing transactions from our live dashboard.

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Reviews

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Paul Clark David Clark Estate Agents
3 years ago

Really Pleased With It

Your review

We had our first training on PayProp today. Thought I would share my early impressions. To be honest it's taken me a long time to understand what PayProp is and what it's needed for as opposed to a CRM. I used to think it must be some sort of lettings based CRM but no. PayProp is going to run alongside our CRM and will not really overlap very much at all. PayProp is to run your client account in an automated way so you don't need to be checking bank statements and working out which tenant owes what. One of the KEY points of difference is that PayProp pays money to the Landlords directly, no more exporting a CSV file to Bankline or some other bank. The training went well and the new interface is clear and easy to follow. There are a couple of field labels that need adjusting, but that is a small job that I am sure will be done quickly. The way you add tenants and landlords and properties is all pretty standard and the way you build a tenancy reminds me of setting up recurring invoices in Xero. I do think once the team has used PayProp for a couple of weeks they will be really pleased with it. The onboarding process has been easy enough. We just had to export a couple of spreadsheets from our old system, check them over and clean up some of the columns and then upload to PayProp to knock into shape ready to import properly into PayProp. I like the way PayProp lets you split payments so if you get one payment from the local council you can split it up to cover the various tenancies and I also like how easy it is to email and send letters to tenants informing them of the new client account and payment ref details. There is also a simple way to book free training on the platform which I think is really handy and we have been told training videos are due to be added soon so we can dip in and out of those as we want to. The trainer is really nice and going to help us with our first 'live' work on the system tomorrow. Very happy so far and have not hit any of those heart sink moments where you realize the salesperson may have exaggerated the software's true abilities!

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Vanessa Daque Fortem Property Management
4 years ago

Love this platform!

Your review

We absolutely love this platform, it's a blessing in the sky to property managers!

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Glynis Frew Hunters Group Plc
4 years ago

Saves time and time is money!

Your review

Our branches love PayProp, it is accurate and quick and saves so much time and what was a very laborious process can be done in minutes!

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Philip Ratcliffe Kingstons
4 years ago

PayProp Has Improved Our Efficiency And Customer Service

Your review

PayProp Has Improved Our Efficiency And Customer Service

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Josh Peters Murrays Lettings
4 years ago

Essential to the smooth running of our accounts

Your review

Would highly reccomend

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Hayden Ebert Tenant Direct
4 years ago

Life made simpler!

Your review

Since we took on Payprop our client accounting has never been in better shape, the instant reconciliation of payments as they come in means there is little room for error, you always know where all funds are to the penny. The amount of time freed up by the system has meant more time to focus on other areas of our business knowing the accounts are in safe hands. Since taking on Payprop we have never looked back. Highly recommended!

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Andrea Rooney Lawrence Rooney Estate Agents
4 years ago

PAYPROP

Your review

At Lawrence Rooney Estate Agents we have been using Payprop for many years. The service of all the team at Payprop is outstanding and this product is like having another member of my team. The service that Payprop provides saves our business so much time as once it is set up it is a touch of a button each day to send all payments to landlords and contractors and ourselves. Our landlords and tenants particularly like the timely information letting them know when rent is paid and received and monthly statements. If you are not using Payprop we would highly recommend this product to any letting agent.

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Steve Wiggins Bond Residential Ltd
4 years ago

Payprop is an ESSENTIAL member of our team

Your review

We were introduced to Payprop in 2017, I remember at the time we were looking at recruiting another member of staff to cope with letting payments and invoicing etc. We spoke with some of the team at Payprop and loved the concept and it felt like it if it was as good as it seemed then it would negate the need for another member of staff so we decided to give it a trial.

Well we have never looked back and are so VERY GRATEFUL for that original introduction and meeting. All I will say is that if you do one thing today make sure it is to pick up the phone and speak to the team at Payprop, they will improve your business forever.

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Jane Faulkner Falcon Lettings (Cheltenham) Ltd
4 years ago

Payprop has made my life easier

Your review

I was introduced to Payprop approximately 4 years ago and I have never looked back. Once all the information was installed - which the team at Payprop did for me, it was plain sailing. Its easy to add and change properties, and tenants and deduct invoices. The best thing though is that the landlord and tenants get statements each month and I don't have to even think about it.
I downloaded the app as well which makes life even easier.
If I have any problems the team on the end of the phone are very helpful and patient and always resolve any problems I may have.

I would highly recommend them

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Kevin Sample LYNKS ESTATE AGENTS
4 years ago

Must have product for any serious etstate agents

Your review

If you only change one thing you currently do on a daily basis within your lettings business it has to be a call to PAYPROP. This will change your attitude to rental payments to be a joy not a chore and it will allow you more time to prospect for new Landlords and increase your business. First class staff in all aspects of their business - I cant recommend enough how valuable this is to my business

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Video Reviews (1)


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Mark Shanta
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Mark Shanta

14th Jul 2020

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Video and webinars

Integrations

Connect with and share data from PayProp with the tools and apps your business relies on, saving you time and reducing human error.

• Mailchimp 
• Fixflo 
• Xero

Found a new and exciting technology that you want to connect to your PayProp account? Thanks to our fully documented application programming interface (API) you can build an integration that connects PayProp to any software you choose.

Pricing

Talk to PayProp to get a bespoke quote based on your business needs. In general, a monthly fee is charged based on the size of your portfolio.

Onboarding

Setup / Onboarding

PayProp’s slick onboarding process can have your agency up and running in 30 days. We personalise this around your business needs and ensure you and your team have all the tools and training needed before you go live.

Training & Support

All PayProp customers enjoy award-winning support and training, included for your lifetime as a customer. Our friendly UK-based team of platform experts are ready to help you and your agency thrive.

Stay up to date with comprehensive onboarding, post-implementation and refresher training for new staff, feature updates and ever-changing industry needs.

Our support team is ready to help if you ever get stuck. Get answers over e-mail or by phone.

Blog

KNOWLEDGESHARE: Agents invest in PropTech to drive post-pandemic recovery

Here is a thought leadership article from PayProp COVID-19 accelerated estate and letting...

supplier spotlight panel - PayProp

We're catching up with Neil Cobbold from PayProp and some of their users to find out how their...

supplier spotlight - PayProp

The PayProp supplier spotlight Join us as we sit down with Neil Cobbold, CSO of PayProp as we...

Our events

Webinar: Industry roundtable – Transparency in Lettings. 

Awards

Awards in 2021

The ESTAS Best in Sector 2021 - Best Payment Services

The ESTAS Supplier of the year 2021 - SILVER

Awarded in 2020

The ESTAS 2020 Supplier Best in Sector Payment Services - Winner

Awarded in 2019

Best Estate Agency Suppliers Guide 2020: Excellent (Financial Services & Insurances)

The ESTAS 2019 Supplier Best in Sector Payment Services - Winner.

 

Other solutions from this group

Product range

1. PayProp platform – an automated payment and reconciliation platform specific to the lettings industry

2. PayProp Owner app on iOS and Android – say goodbye to once-a-month statements – give landlords a live and complete overview of all their properties and payments.

Departments, categories and solutions

Solutions

Accountancy & Finance Software
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Concierge
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Outsourced Support
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Property Management & Maintenance
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Category

Cross Sales / Additional Income
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Management, Administration & Operations
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Property Management
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Property Marketing
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Departments

Lettings
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Property Management
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kerfuffle reviews on PayProp Ltd

Ian Laing-Bennett Laing Bennett
2020-07-15 07:45:23

Simply to use and efficient system which saves so much time in process rental payments.

Mark Shanta Shanta Residential
2020-07-14 16:45:49

Ease of use, time saving, flexibility on devices, support and staff

David Votta Votta Sales and Lettings
2020-07-14 12:18:31

Slick, easy to use, comprehensive and clients love it

John Paul Castledene
2020-07-09 14:20:14

I love how efficient it is - Its like have an extra finance dept

Georgina Cox MovingWorks
2020-02-27 16:43:06

A brilliant system

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