Pay Ready Announces Partnership with 11Residential to Optimize Resident Recovery Process

– Advanced Recovery Solutions: Pay Ready will manage communication and financial interactions after residents move out, significantly reducing the workload on 11Residential’s property management teams.

– Seamless System Integration: Pay Ready’s technology will be integrated with 11Residential’s existing management systems and centralized SODA process, providing real-time analytics and data to improve operational efficiencies and increase the success of recovery payments.

– Improved financial returns: the partnership is designed to maximize recovery rates and minimize financial losses due to unrecovered contributions.

– Improved Resident Experiences: The process ensures a positive post-move experience, maintaining brand integrity and ongoing resident relationships.

Lynn MusilCEO of Pay Ready, expressed his excitement about the partnership, saying: “Our partnership with 11Residential illustrates our commitment to revolutionizing the recovery process within property management. By integrating our sophisticated technology with 11Residential’s services, we aim to transform the post-residency experience. and deliver superior results.

Kim OlanderDirector of Compliance at 11Residential, commented on the collaboration: “Working with Pay Ready allows us to leverage their advanced post-resident recovery platform with immediate communication with our former residents and allows our on-site teams to focus on higher level tasks. tasks. The combination of our centralized internal process to ensure file quality and completeness, combined with automatic file transfer through integration with our operating software, has improved our recovery operations and made it a seamless transaction. files from us to enable Pay Ready teams to collect success, which has improved our resident recovery operations, bringing more value to our bottom line and ensuring our former residents receive the best possible service.

About 11Residential

11Residential is a successful property management company with a current portfolio of 53 communities spanning Washington, Montana, IdahoAnd California regions with 4,668 units. Based on Kirkland, Washington, since 2021 at 11Residential, we believe that every resident deserves personalized attention and high-quality services from our property management team. For more information, please visit 11Residential.com

About Pay Ready

Since 2016, Pay Ready’s innovative post-resident payment technology has revolutionized the way owners, operators and residents interact with post-resident customer accounts. Pay Ready has formed major partnerships nationwide in 3 million multifamily units with more than 1 billion dollars in managed receivables. Pay Ready outperforms traditional post-residency payment processes and contributes to brand protection. Pay Ready’s advanced technology has allowed real estate owners and operators to focus on revenue generation and growth while leaving the arduous process of debt management to Pay Ready. Visit payready.com for more information.

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SOURCE Ready to Pay