COHO Partners with GoCardless to Revolutionize Property Payment Solutions

COHO, a prominent provider of property management software, has recently teamed up with GoCardless, a leading global bank payment company, to introduce a revolutionary payment solution tailored for property managers, landlords, and tenants. This partnership is designed to enhance the payment experience, making it easier for all parties involved to manage their financial transactions.

Streamlined Payment Solutions for Property Management

The collaboration between COHO and GoCardless aims to simplify both recurring and one-off payments, providing a seamless experience for users. This integration is particularly beneficial for:

• Single-let landlords
• Landlords managing Houses in Multiple Occupancy (HMOs)

Effortless Payment Collection

With the new system, COHO users can efficiently collect payments through a unified platform. Tenants will enjoy a user-friendly payment process, ensuring that rent and other charges are processed smoothly. The integration of GoCardless allows COHO customers to:

• Automate recurring rent payments using direct debit
• Utilize Instant Bank Pay for one-off payments such as rental deposits and ad hoc charges

This automation not only guarantees timely payments but also reduces the need for manual intervention, thus improving overall efficiency.

Enhanced Financial Insights and Transparency

One of the significant advantages of this partnership is the enhanced financial insights it provides to landlords and property managers. Key benefits include:

• Real-time payment recording: This feature allows for greater transparency in transactions.
• Improved credit control: The system helps manage rent arrears effectively, ensuring compliance with property regulations.

According to Tom Metcalfe, Director of UK & I Partnerships at GoCardless, “We’re excited to partner with COHO to simplify payments for landlords, property managers, and their tenants. With automatic collection, instant visibility, and a streamlined process for setting up end-to-end payments for new tenants, GoCardless bank payments are ideal for the property sector.”

Commitment to Customer Experience

COHO’s founder and CEO, Vann Vogstad, emphasized that this integration aligns perfectly with their mission of supporting customer growth while enhancing the tenant experience. He stated, “The unique combination of direct debit and open banking creates a seamless payment journey for tenants, while also minimizing administrative burdens and costs for landlords and property managers.”

With this collaboration, COHO and GoCardless aim to significantly reduce the administrative challenges associated with payment processing, paving the way for a more efficient property management landscape.

For more insights on property management solutions, visit COHO’s official site or check out GoCardless for more information on their payment solutions.