Pay Owner Disbursements

Rentec Direct property management software allows one or all owners to be paid at once in a timely, accurate manner using the owner payment wizard.

Pro Tips:

Setting Payment Preferences for Each Owner

Changes to payment method or amount can be made at the time of disbursement. The following steps will walk you through setting each owner's default payment preferences.

In your Rentec Direct account:

  1. Click on Owners  
  2. Right-click on the Owner and choose Edit Owner  
  3. Under Payment Info 
    1. Payment Method
      1. ACH -  indicates you are electronically distributing the disbursement by ach using your merchant account
      2. Print Check -  indicates you are printing a check through your Rentec Direct account
      3. Check -  if disbursement was made by check or other means outside of Rentec Direct
    2. From Account - If disbursements will be made via ach, be sure to select an ach enabled bank account
    3. Bank Routing # - Verify deposit routing number on deposit slip as it may be different than routing number on a check 
    4. Bank Account # - Verify on void check or deposit slip
  4. Click on Save Changes

Note: If you don't have a merchant account and are interested in receiving rent, paying vendors or owner disbursements online, click on this link for more information: Payment Processing Setup | Enrollment

Automatically notify owners of ACH payments 

Quickly set your defaults to automatically email owners when a payment has been issued via ach. 

In your Rentec Direct account:

  1. Click on Settings
  2. Under Program, click on Program Defaults 
  3. Under General Preferences, check Yes to Email property owners notifying them that distributions are sent by ACH
  4. Click on Save Changes

Paying Owners (Owner Disbursement) 

Now that the settings are complete, you can use the pay owner wizard tool to quickly pay one or multiple owners at once using the following steps. 

In your Rentec Direct account: 

  1. Click on Owners 
  2. Click on Pay All Owners
  3. Check the box next to Owners to select All Owners or check the  individual boxes next to each owner a disbursement is to be issued to
  4. Click on the dropdown next to the owner's name to reveal each property. The amount due can be changed by typing the amount to be disbursed.
  5. The default method of payment in the owners' profile will be automatically selected, but can be modified by clicking the dropdown and changing the selection
  6. Once you have confirmed the amounts and payment methods, you have two options: Save Draft to come back and complete it later, or Submit Payments 

    Owner Disbursement


  • All Print Check and Check payments will post to the applicable Bank ledger within 30 seconds.
  • All outgoing ACH electronic payments will be processed within the following 60 seconds and be transmitted to the owners and entered as such on the Property, Bank, and Owner ledgers.
  • There is a $0.50 transaction fee for each outgoing ACH payment. 

System Advice: If an error is discovered in an Owner Disbursement, you can quickly VOID the transaction and then issue the correct disbursement. Learn more here Void Online Payments

Tip: If you'd rather, you can navigate to selectively pay owners one at a time by right-clicking on an Owner and choosing Pay Owner. Additionally, you can pay all owners associated with a specific default bank account by right-clicking on the bank account and choosing Pay Owners there. Both options take you to the Pay Owner Wizard but offer only the owner(s) associated with those choices.

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