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Rigorous Reconciliations
Daily recons of the transactions in and out of the trust accounts are overseen by PayProp ’ s client money reconciliation team , who also receive alerts of money movements via e-mail and SMS .
Cloud-based Business Assurance We are living in the digital age , where most of your businesses ’ functions should be completely digital to avoid not just human error and misuse of funds but also technology failure and disasters , including blackouts .
As a hosted solution platform , PayProp offers cloud-based business speed and continuity . All the data , processing , network and hosting components that make up the PayProp online service are hosted in a secure private network within its host data
PAYPROP
centre and are not directly accessible from the Internet . All traffic is monitored closely by PayProp , and a firewall can eject suspicious requests from the platform – just like a bouncer at a bar . At the user level , PayProp requires a unique username and password to access agency accounts .
Residential Rentals are a Golden Emerging Market Opportunity
Having worked in the real estate industry over the years , Davel has studied the trends and the most important elements of the real estate sector and believes that property rentals are an excellent way for estate agents to diversify their service portfolio .
“ Property rentals add recurring monthly revenues that render the business more resilient and
“ PayProp is for everyone , from small local independent agencies to large , multi-branch , even global brands . All agencies spend a lot of dead time on identifying the right payers , chasing the stragglers , doing the monthly reconciliations and paying out the right beneficiaries in the right order with the right money . They can do a lot better with all that time – hours or days each month .” Jan Davel , CEO , PayProp SA
SA Real Estate Investor Magazine NOV 2021 15