Dallas, TX (May 11, 2011) — RETransform, the leader in business management services and technology solutions for real estate, is pleased to announce a partnership with PayLease™ Online Payment Collection Service. The partnership will enable residential property managers using RETransform PEAK™ Property Management Software to accept and manage online payments in real time; make direct deposit distributions to third party bank accounts; and export transaction data directly to accounting software. By partnering with PayLease, RETransform will provide property managers with increased efficiencies while at the same time providing tenants with modern conveniences expected in today’s instant communication marketplace.
“PayLease is an ideal technology partner for RETransform,” said John Greenberger, Chief Operating Officer, RETransform. “They have been providing online payment services for the multifamily, residential and HOA real estate markets for years with high retention rates which fall in line with our business model”, he continued. “Given our breadth of knowledge in the real estate marketplace, it is important to align our business with established, user-friendly and efficient services for the benefit of our clients”, he stated. PayLease processes payments for over 2,000 property management companies with portfolio sizes ranging from 100 to over 1.2 million units throughout the United States, and continues to maintain a 95% customer retention rate since inception in 2003.
“RETransform provides property management software built for growth which is important in today’s rapidly changing marketplace”, said Ty Kalklosh, President of PayLease. “This partnership speaks to the commitment RETransform has to provide their clients with the best possible tools to do their job, as well as recognition of essential technologies required to support an efficient real estate enterprise and provide industry-standard services expected by tenants”, he continued.
PayLease is a privately held corporation located in San Diego, California, that serves clients in nearly all 50 States. As a one-stop shop for residential, commercial and homeowner association management needs, PayLease is the most cost effective solution for streamlining the lease collection process available today. For more information, or to find out how their products can help your real estate management operations, please visit www.paylease.com today.