Product update - Enhancements to Payments
October 27, 2024
New update simplifies how rent is paid, tracked, and understood. Saving time and giving landlords greater control.
LONDON – 27th October 2024 – August, the all-in-one app for small landlords, today rolled out a major upgrade to its payments experience, designed to give both landlords and tenants more visibility, flexibility, and control over how rent is managed.
This update introduces a suite of new tools that make it easier to track payments, assign them correctly, accept multiple payment types, and streamline the tenant experience with in-app rent payments.
Problem
Rent collection and tracking are time-consuming and error-prone for landlords, while tenants often lack clarity on what’s due, when, and how to pay.
Solution
August’s latest release introduces smarter payment workflows, including manual assignment, in-app payments, and better visibility, removing ambiguity and reducing the back-and-forth for everyone involved.
Key Features
Payment snapshots: Instantly view a monthly income summary or tap for full payment details. (Requires bank connection)
Manual assignment: Auto-matching still works but now you can assign rent payments manually too.
Smarter search: Filter payments by date, property, or status to find what you need, fast.
Backdated payments: Add payments from up to two years ago with automatic backdating.
In-App rent payments: Tenants can tap ‘Pay’ directly in the app when rent is due. (Requires identity verification)
Cash payments: Support for manually adding cash payments, no more offline gaps.
“Payments are the heartbeat of the landlord-tenant relationship,” said Sam Cope, Founder of August. “This update removes friction and gives our users more control, whether they’re managing one property or a portfolio. It’s everything rent should be clear, simple, and stress-free.”
Make sure to update your August app today to start taking advantage of these new features as part of our closed beta. If you’d like to keep up to date by following August on Facebook and Instagram.
