RentMerchant provides online rent collection and property management for independent landlords. Tenants can pay by bank transfer or debit and credit card, either once or through autopay. The service sends monthly recurring invoices, payment reminders, and automatic late fees. A tenant portal lets renters make payments, review payment history and a full ledger, and submit repair requests. Landlords can collect rental applications and arrange electronic lease signatures with an audit trail. Property owners can receive read-only access to collections, fees, and net amounts. Reporting includes CSV and Schedule E exports, and properties can be imported in bulk from CSV. Payments are processed by Stripe; RentMerchant says it does not store raw card or bank numbers, and accounts can use two-factor login. The service is available on web and iOS. The Free plan supports up to three properties. Pro costs 15.00 USD per month billed annually for unlimited properties and units; a month-to-month Pro option costs 20.00 USD per month. On Free, ACH payments carry a 0.8% fee capped at $5 plus a $2 RentMerchant fee; the latter is waived on Pro.
Who it is for
It suits independent landlords who want online rent collection and property management, including tenant portals and owner reporting. The free plan is limited to three properties, while Pro offers unlimited properties and units.
What is good
- Tenants can pay by bank transfer or card
- Supports autopay and recurring monthly invoices
- Includes tenant repair requests and payment ledger
- Offers CSV and Schedule E exports
- Two-factor login is available
What to know first
- Free plan supports up to three properties
- Free ACH payments add a $2 RentMerchant fee
- Pro costs 15.00 USD per month billed annually
- Tenant screening and faster payouts are upcoming features
Verdict
RentMerchant covers rent collection, tenant records, leasing, and owner reporting for independent landlords. Compare the three-property free-plan cap and ACH fees with the Pro plan’s pricing and features.
RentMerchant plans and pricing
All plansCompared on rent payment software
- Free plan
- Yes
- Paid from
- $15/mo
- Tenant payment portal
- Yes
- Payment methods
- bank_and_card
- Autopay
- Yes
- Payment reminders
- Yes
- Owner disbursements
- Yes
