PayProp
PayProp is a cloud-based rental payment and trust-accounting automation platform serving property management agencies across the US, UK, Canada, and South Africa. Operating as a Reapit product, it processes $3.3 billion annually for 2,500+ agencies via subscription plus payment-fee economics, with tiered pricing by portfolio size.
- Company typePrivate
- Founded2004
- HeadquartersSevenoaks, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What PayProp does
PayProp is a cloud-based rental payment and trust-accounting automation platform purpose-built for residential property management businesses. Founded in 2004 and operating as a Reapit product, the company delivers an end-to-end workflow that automates tenant rent collection, real-time reconciliation against bank accounts, client money (trust) accounting with stated 100% accuracy, arrears management via automated text and email reminders, maintenance ticketing, and portfolio reporting. The platform is accessed through a property-manager dashboard, a dedicated tenant portal, and — following a 2025 launch — a PayProp Owner Portal for property investors to monitor holdings in real time. The technology is built on Reapit's architecture and exposes a documented API for agency integrations.
The company operates in four countries — the United States, United Kingdom, Canada, and South Africa — with a US headquarters in Fort Lauderdale (PayProp Services, LLC, a Florida LLC) and an origin base in Sevenoaks, United Kingdom. Its revenue model combines recurring subscriptions (segmented by portfolio size: up to 200, 201–999, and 1,000+ properties, billed monthly on a quote basis) with implicit transaction-based economics on the $3.3 billion in rental payments it processes annually. Go-to-market is sales-led through demo bookings and direct outreach, supplemented by a formal reseller/white-label partner program and content-led demand generation through the PayProp Rental Index, an annual State of the Rental Industry Survey, and an education-focused Masterclass Library.
PayProp serves approximately 2,500+ property management agencies globally, ranging from small portfolios to enterprise-scale operators, and counts recognizable franchise brands — RE/MAX, Century 21, Harcourts, Seeff, Pam Golding — among its customer base. The company integrates with adjacent property-software tools (HomeBox, Nexus/Landlord Studio, Property Inspect, Mailchimp) and holds a UK industry-body partnership with Propertymark. No AI/ML capabilities, patents, equity funding rounds, or leadership-team details beyond a small set of South Africa-affiliated directors are disclosed in the source material.
PayProp firmographics
Firmographics- Name
- PayProp
- Legal name
- PayProp Services, LLC
- Website
- https://us.payprop.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PayProp is a cloud-based rental payment and trust-accounting automation platform serving property management agencies across the US, UK, Canada, and South Africa. Operating as a Reapit product, it processes $3.3 billion annually for 2,500+ agencies via subscription plus payment-fee economics, with tiered pricing by portfolio size.
- Ownership category
- akta.pro rank
PayProp industry classification
Industry- Product category
- Property Management Software
- NAICS
- Payroll Services (541214)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
- akta.pro secondary industries
- Bank Bill Pay (Consumer & Small Business) (FSAMAJAC), Purchase-to-Pay (P2P) Operations (BPAAAJAA)
Keywords
Where PayProp is headquartered
LocationHeadquarters
- HQ city
- Sevenoaks
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
PayProp business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Property Management Software Subscription: Subscription-based property management software for property managers. Pricing likely based on number of properties managed, given the segmentation by property count tiers (up to 200, 201-999, 1,000+ properties).
- Rental Payment Processing: Transaction processing for rental payments. The platform automates millions of transactions annually, suggesting a per-transaction or take-rate component.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Small Business - up to 200 properties |
| Subscription | Monthly | Medium Business - 201 to 999 properties |
| Subscription | Monthly | Large Business - more than 1,000 properties |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
PayProp product offering
Product offeringCore offering
PayProp is an automated cloud-based rental property management software platform that handles rent collection, reconciliation, and trust accounting for property managers and letting agencies. The platform provides a unified system with tenant and owner portals, back-office automation, and integrations, processing over $3.3 billion in transactions annually across more than 2,500 agencies in four countries.
Product overview
PayProp is a single, unified rental property management software platform that automates rent collection, reconciliation, and payments end-to-end. The core platform integrates a Client Portal for property managers with a Tenant Portal for renters, supported by key modules including Automated Trust Accounting, Arrears Management, Reporting, Maintenance, and Client Communications. The platform recently launched the PayProp Owner Portal for property investors. PayProp also publishes the PayProp Rental Index and maintains a Masterclass Library as supplementary resources. The platform processes over $3.3 billion annually across thousands of agencies globally.
Differentiator
Problem solved
Functional benefit
Products and services
- PayProp Rental Property Management Platform A unified cloud-based SaaS platform that automates rent collection, reconciliation, and payments end-to-end for property managers and letting agencies. Includes client, tenant, and owner portals, automated trust accounting, arrears management, reporting, maintenance tracking, and integrations with leading platforms.
- PayProp Owner Portal A portal for property owners to view their property investments, track rental payments, and monitor property performance in real time. Early access portal for property owners.
- PayProp Rental Index A research publication providing market rental data and industry insights for property managers and industry professionals.
- Masterclass Library Educational resource library with masterclasses for property managers covering industry topics and best practices.
Quantifiable outcome
- 20% average annual growth for PayProp-powered agencies
- +2 more outcomes
Companies that use PayProp
Customer profileNamed customers17 records
Segments3 records
Ideal customer profiles3 records
PayProp technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature9 records
PayProp partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ReapitcoreReapit is the parent company of PayProp. The platform is built on Reapit architecture and shares branding ('PayProp, a Reapit product'). Reapit is a leading property software provider in the UK and international markets.
- PropertymarkcoreUK industry body partnership. PayProp features Propertymark integration and is featured in the Company section of the PayProp website under 'Propertymark', suggesting a strategic industry partnership for training, certification, and member referral.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
PayProp competitors and assessment
Company assessmentEmerging players
- DoorLoop: DoorLoop is an emerging cloud-based property management platform with built-in rent payment processing and accounting, targeting small to mid-sized property managers as a newer entrant in PayProp's competitive set.
- Hemlane: Hemlane is an emerging property management platform combining software with agent-assisted leasing services, offering rent collection and tenant communications comparable to PayProp's mid-market feature set.
- TenantCloud: TenantCloud offers free and paid rental property management tools including rent payments, maintenance tracking, and accounting, competing with PayProp primarily at the independent landlord and very small manager segment.
Direct peers
- RentRedi: RentRedi is a rental property management platform offering rent collection, tenant screening, and landlord/tenant communications targeted at SMB landlords and small property managers, overlapping with PayProp's SMB tier.
- AppFolio: AppFolio provides property management software for residential and commercial managers, including online rent payment and trust accounting, competing head-to-head with PayProp in the mid-market and enterprise property manager segment.
- Buildium: Buildium is a leading cloud-based property management SaaS platform serving residential property managers and landlords with rent collection, accounting, and tenant screening features that directly overlap with PayProp's core offering.
- Avail: Avail (owned by Move/Realtor.com) provides rental management software with online rent payments, listings, and tenant screening for independent landlords and small property managers, directly comparable to PayProp's SMB focus.
Broad incumbents
- MRI Software: MRI Software provides a broad real estate software suite including residential property management and payments functionality, competing with PayProp in the mid-market and enterprise tiers with deeper feature breadth.
- Zillow Rental Manager: Zillow Rental Manager is a free property listing and rental management tool from Zillow offering online rent payment and tenant screening, representing a free-tier incumbent that pressures PayProp's SMB pricing.
- Yardi: Yardi is a large established property management software suite serving commercial and residential portfolios with rent collection, trust accounting, and ERP-grade functionality; it competes broadly with PayProp but extends well beyond PayProp's residential SMB niche.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks2 records
Key highlights7 records
Customer concentration
PayProp social profiles
Digital presencePayProp financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayProp leadership team
Management profileNumber of profiles
Profiles6 records
PayProp funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayProp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PayProp
What does PayProp do?
PayProp is an automated cloud-based rental property management software platform that handles rent collection, reconciliation, and trust accounting for property managers and letting agencies. The platform provides a unified system with tenant and owner portals, back-office automation, and integrations, processing over $3.3 billion in transactions annually across more than 2,500 agencies in four countries.
Is PayProp a public or private company?
PayProp is a private company. It is classified as corporate owned and is currently operating.
When was PayProp founded?
PayProp was founded in 2004. It employs 11 to 50 people.
Where is PayProp based?
PayProp is headquartered in Sevenoaks, United Kingdom, in the Europe region.
How does PayProp make money?
Two revenue lines are on record. Property Management Software Subscription is the primary driver. The others are rental Payment Processing.
Who are PayProp's main competitors?
Emerging players on record are DoorLoop, Hemlane and TenantCloud. Direct peers are RentRedi, AppFolio, Buildium and Avail. Broad incumbents are MRI Software, Zillow Rental Manager and Yardi.
Does PayProp have an API?
Yes. PayProp offers an API for agencies to integrate with their platform. The API documentation is available at https://uk.payprop.com/api/docs/agency. Developer documentation is at uk.payprop.com/api/docs/agency.
What industry is PayProp in?
PayProp's product category is Property Management Software. Its primary akta.pro industry code is BPAMAFAF, Bill Pay, Invoicing & Payables Platforms, with a secondary code of FSAMAJAC, Bank Bill Pay (Consumer & Small Business). Its NAICS code is 541214 and its SIC code is 7372.