News

ResidentSource™ forms Partnership with RentPayment™, the multifamily industry’s leading credit card and electronic payment processor

January 9th, 2007

FOR IMMEDIATE RELEASE

Contact:
Anna Facemire
Marketing Manager
anna.facemire@residentsource.com
Phone: 757.351.7516
Fax: 757.962.6906

Norfolk, VA—(January 8, 2006) – ResidentSource, a division of Dominion Enterprises, is proud to announce its partnership with RentPayment, the largest credit card and electronic payment processor in the multifamily industry. RentPayment enables properties to easily accept credit or debit cards and electronic payment (ACH) transactions, as well as convert paper checks to electronic payments.

This partnership gives property managers who use ResidentSource the ability to conduct resident and applicant payments, including reservation and application fees, rent, special fees and deposits online. In addition, the ResidentSource resident portal provides residents with the option to make their rent and fee payments online every month or when they are out-of town at their convenience.

RentPayment’s software is fully integrated with ResidentSource providing a seamless interface and ease of use for property staff and resident’s alike. The partnership between these two companies demonstrates one of many advancements ResidentSource has made to respond to industry needs. As a leading resource for property managers, who are interested in using cutting edge technology to appeal to their residents, ResidentSource Web 2.0 solutions represent a level of sophistication and ease of use unparalleled by other products. Likewise, RentPayment is unrivaled in its level of experience, technology and understanding of the specific needs of the industry.

About ResidentSource™

Headquartered in Norfolk, VA, ResidentSource provides property owners and managers with next-generation, Web 2.0 based software tools to help them find, sign and retain residents. Designed from the ground up and based on more than 20 years of multi-family marketing, lead generation, management and technology experience, ResidentSource offers a suite of fully integrated, intuitive, and easy-to-use web-based tools to help property managers. By using ResidentSource, property managers have the ability to track and respond to every lead, increase resident satisfaction by providing advanced services around the clock, reduce costs and increase net operating income and staff productivity.

About RentPayment™
RentPayment, the largest credit card and electronic payment processor in the multifamily industry, currently serves over half of the NMHC Top 50. RentPayment efficiently automates all property receivables by leveraging the most complete payment platform available. RentPayment’s best-of-breed online reporting system provides property managers with the most straightforward and simplest accounting reconciliation. Furthermore, RentPayment is the first company to develop and deploy a Check 21 solution for the multifamily industry (in production with a Top 20 national REIT). RentPayment’s merchant registration provides the timeliest implementation of credit card acceptance with the best rates available on the market.

About Dominion Enterprises

Dominion Enterprises, headquartered in Norfolk, VA, is a leading media and information services company serving employment, real estate, recreation, and industrial markets in the United States. The company has 503 paid and free magazine titles such as For Rent, Harmon Homes, The Employment Guide, Boat Trader, Cycle Trader and RV Trader with a combined weekly circulation of nearly 6 million; over 40 market-leading websites such as ForRent.com, Homes.com, and Traderonline.com reaching over 8 million monthly visitors; data capture and distribution businesses such as Dealer Specialties; and web services businesses across all the company’s industry categories. The company has 6,600 employees nationwide and estimated 2006 annual revenue of $850 million. For more information on Dominion Enterprises, visit www.dominionenterprises.com.

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