UK start-up Upad's Rent Manager system lets landlords collect rent via direct debit. The system places a hold on the relevant funds three days before a payment is made, giving landlords assurance that they will receive the rent on time. Davis, founder of Upad, said this means the system also lowered the likelihood of landlords then missing mortgage payments, which can lead to repossession.
UK start-up Upad's Rent Manager system lets landlords collect rent via direct debit. The system places a hold on the relevant funds three days before a payment is made, giving landlords assurance that they will receive the rent on time. James Davis, founder of Upad, said this means the system also lowered the likelihood of landlords then missing mortgage payments, which can lead to repossession.