RealPage Partners with Flex to Provide Flexible Rent Payment Options

RealPage, a leader in AI-enabled software platforms for the real estate industry, has partnered with Flex, a financial wellness company, to offer flexible rent payment options for residents, according to The Fintech Times.

This new partnership builds on RealPage’s existing integration, allowing customers to enable Flex as a payment option through RealPage’s resident portal and app, LOFT. Flex’s mobile application allows residents to split their rent into smaller, more manageable payments while ensuring property managers receive full rent payments on time.

A survey of over 2,000 renters revealed that 93% are interested in flexible payment schedules rather than paying in full once a month. With Flex, residents can align their rent payments with their pay cycles, making it easier to manage finances and reducing financial stress.

Dana Jones, CEO and president of RealPage, said, «Partnering with Flex allows us to offer a new level of financial flexibility for residents while simultaneously optimising rent collection processes for property managers. This partnership exemplifies our commitment to delivering a unified, streamlined experience for residents and property teams within the RealPage ecosystem.»

Flex CEO and co-founder Shragie Lichtenstein added, «This partnership enables us to expand payment options for millions more renters across the US. By partnering with RealPage, we’re taking the complexity out of rent, offering residents greater control over their finances and empowering property managers with more predictability in their business.»

RealPage highlights that the Flex payment option can simplify timely rent collection, reduce administrative tasks, and enhance the overall resident experience. The integration is now available, with further enhancements to LOFT expected in the coming months.