RealPage and Flex Announce Strategic Partnership to Revolutionize Rent Payments

LOFT from RealPage enhances the resident experience and optimizes property management operations with flexible, efficient and reliable rental payment options RICHARDSON, Texas, and NEW YORK (Aug. 8, 2024) – RealPage®, the leading global provider of AI-enabled software platforms to the real estate industry, today announced Flex as its preferred technology provider for flexible rent payments. This strategic partnership expands on the company’s existing integration, providing RealPage customers with the capability to enable Flex as a payment option for residents within LOFT™, RealPage’s next-generation resident portal and app. High demand for payment flexibility was confirmed in a June 2024 national survey* of more than 2,000 renters, revealing that 93% are interested in flexible payment schedules instead of paying in full once a month. Flex’s mobile application will allow residents to split their rent bill into smaller, more manageable payments while ensuring property managers receive their full rent payment due on time. With over $8 billion in annual rent payments processed, Flex has become a trusted partner to property managers who offer the solution across more than 6 million rental units. For property managers, offering flexible rent payments has proven an effective way to boost NOI (net operating income), improve resident retention and stand out in a competitive rental market. Through this technology partnership, RealPage multifamily customers can offer their residents a convenient alternative to traditional payment methods. With Flex, residents can better align their rent payments with their pay cycles, introducing flexibility that makes paying rent easier to manage and less financially stressful. “Partnering with Flex allows us to offer a new level of financial flexibility for residents while simultaneously optimizing rent collection processes for property managers,” said Dana Jones, RealPage CEO and President….