Run rent payment flows for property management

domain: dwolla.com · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Integrate a payment processor that supports ACH bank transfers, such as Dwolla or Stripe; both offer APIs specifically suited to recurring rent collection
  2. Onboard tenants by collecting and verifying their bank account details using your payment processor's customer and funding-source creation endpoints
  3. Create a recurring transfer from the tenant's verified bank account to the landlord or management company's account on a scheduled cadence using the processor's transfer API
  4. Handle webhook events for transfer success, failure, and return codes (e.g., R01 for insufficient funds, R02 for account closed) to trigger retry logic and tenant notifications
  5. For disbursements to property owners, initiate a separate transfer from the management account to each owner's bank account after deducting management fees
  6. Maintain an audit log of all transfer IDs, statuses, and timestamps for reconciliation and tax reporting

Known gotchas

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