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Learn more →Rentalize VS PayProp
Rentalize vs PayProp
PayProp is a leading UK rent-collection and reconciliation platform, and joined forces with Reapit in December 2023. Rentalize Pay is rent collection built into a full property-management stack, with GoCardless direct debit covering SEPA in Ireland and Bacs in the UK on Growth and above.
VERDICT
Which one is right for you?
Rentalize wins for...
Choose Rentalize if you want rent collection in the same platform as everything else (lettings, compliance, reporting) and you operate in Ireland as well as the UK.
PayProp wins for...
Choose PayProp if you already have a PM platform you love and only need a best-of-breed rent-collection bolt-on.
SIDE BY SIDE
Feature-by-feature comparison
| Capability | Rentalize | PayProp |
|---|---|---|
| Direct Debit rent collection | Tenants authorise a Direct Debit mandate once through GoCardless (Growth and above), and each payment collected through it is matched to its invoice automatically when GoCardless confirms it | Best-in-class specialist |
| SEPA direct debit | GoCardless SEPA direct debit for Ireland and the EU, on Growth and above | Ask which countries and direct debit schemes are supported |
| Open banking | Open Banking reconciliation and affordability on Professional and above | Available |
| Automated reconciliation | Payments reconciled to the tenant ledger; Open Banking reconciliation on Professional and above | Built in (PayProp's strength) |
| Arrears management | Rent collection and arrears reports and automated reminders on every plan; arrears case management on Professional and above | Built in |
| Property management workflow | Full property management on Rentalize Core | Ask which property management tasks are covered, or run in another system |
| Lettings CRM | Unified CRM and a 16-stage applicant pipeline on every plan | Ask whether a lettings CRM is included |
| Compliance tracking | UK safety certificates and deposits, the one-click RTB export and the 2026 rent cap, on every plan; dedicated Renters Rights Act workflows on the roadmap | Ask which compliance records are tracked |
| Standalone rent-collection-only mode | Not the model | Yes (their main product) |
| Geographic scope | UK + Ireland | Ask which markets are supported |
Sources for the PayProp column: payprop.com, PayProp and Reapit announcement and its published materials. Where a cell says to ask or check, we have not confirmed what PayProp offers. Features and prices change, so confirm current details with PayProp directly.
FAQ
Common questions
For agencies wanting one platform for lettings, property management and rent collection, it can be. PayProp remains the right choice if you only need payment processing and you already like your property management tool.
Yes. Rentalize Pay runs direct debit through GoCardless: SEPA for Ireland and the EU, Bacs for the UK, on the Growth plan and above. If you are comparing PayProp, ask which countries and direct debit schemes it supports for your portfolio.
Yes. Rentalize Pay is optional. You can keep collecting rent the way you do today and record payments against each tenancy in Rentalize.
PayProp is a rent collection and reconciliation specialist. Rentalize reconciles payments to the tenant ledger, with Open Banking reconciliation on Professional and above. If you run complex client money structures, test both on a sample month of your own transactions.
PayProp and Reapit joined forces in December 2023, backed by Accel-KKR. If you use PayProp with a different property management system, ask both vendors about their integration roadmap. Rentalize Pay keeps rent collection inside the same platform as the tenancy: card and PayPal in the tenant portal on every plan, and GoCardless direct debit on Growth and above.
Ready to switch to Rentalize?
Book a 45-minute demo on your own portfolio data. We will show you how Rentalize handles the workflows you currently run on PayProp.