by Mike Senecal
Paying the rent always works the same old way despite all the digital transformation happening elsewhere. Virtual cards and contactless payments might be realities in certain financial circles, but cash, check, and money order still dominate rent payments. Properties receiving their checks by the fifth of the month is an industry standard.
It doesn’t make much sense because it works to no one’s advantage. It’s one of those situations where the status quo seems to endure out of inertia rather than reason.
At least that was the case until the Circa rent app arrived in 2020 to put the digital puzzle pieces together in the right way for the rental property industry. Circa is at the forefront of a transformation it hopes to extend to the very nature of the relationship between properties and residents.
Read Mike Senecal’s article in badcredit.org.