{"id":990,"date":"2012-10-17T10:41:34","date_gmt":"2012-10-17T14:41:34","guid":{"rendered":"http:\/\/www.renthop.com\/news\/?p=990"},"modified":"2012-10-17T10:42:41","modified_gmt":"2012-10-17T14:42:41","slug":"startup-watch-taking-the-pain-out-of-paying-rent","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/startup-watch-taking-the-pain-out-of-paying-rent\/","title":{"rendered":"Startup Watch: Taking the Pain Out of Paying Rent"},"content":{"rendered":"<p>If you\u2019re part of the <a href=\"http:\/\/www.census.gov\/prod\/cen2010\/briefs\/c2010br-07.pdf\">34.9%<\/a> of Americans who live in rented housing, the dreaded refrain of \u201crent is due!\u201d likely flashes through your head every first of the month. And if you have a roommate (that\u2019s about 38,705,000 of you, according to the <a href=\"https:\/\/www.renthop.com\/blog\/2010-census-and-a-study-of-the-past\/\">2010 census<\/a>), that even further complicates the already tedious process. Enter RentShare (now called PlacePay), the startup that&#8217;s taking the pain out of paying rent.<\/p>\n<p><a href=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2012\/10\/hn1u6t210xs3swmioxx0.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-991 aligncenter\" title=\"hn1u6t210xs3swmioxx0\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2012\/10\/hn1u6t210xs3swmioxx0.jpeg\" alt=\"\" width=\"500\" height=\"500\" srcset=\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2012\/10\/hn1u6t210xs3swmioxx0.jpeg 500w, https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2012\/10\/hn1u6t210xs3swmioxx0-150x150.jpeg 150w, https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2012\/10\/hn1u6t210xs3swmioxx0-300x300.jpeg 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<h2>Pay Your Rent Online<\/h2>\n<p>With RentShare, you can (finally!) <a href=\"https:\/\/www.renthop.com\/guides\/nyc\/how-much-rent-can-i-afford-nyc\">pay your rent<\/a> online. <a href=\"https:\/\/www.renthop.com\/apartments-for-rent\/new-york-ny\/room\">Roommates<\/a> pay their individual share of the rent (using your bank account, credit or debit card), and the service sends a combined check to your landlord. There\u2019s no need to get your landlord involved, so you don&#8217;t have to worry if he or she happens to be technologically inept.<\/p>\n<p>Another clever feature of RentShare is that they give you the option of splitting household expenses. You add the cost of utilities and food into the system, and it adjusts everyone\u2019s rent totals to even out the debts automatically. No more chasing your roommate for toilet paper money.<\/p>\n<h3>Service Costs<\/h3>\n<p>But what are the costs, you ask? The service is free if you pay directly from your bank account, but there is a 2.8% fee if you pay using a credit or debit card. And for the forgetful among us, you can either set up auto-pay or opt-in to receive monthly reminders. Setting up auto-reminders takes the pain out of paying rent and makes this process simpler than before.<\/p>\n<p>Happy Hopping!<br \/>\n<a href=\"http:\/\/www.renthop.com\/\">RentHop<\/a><\/p>\n<p><em>Editor&#8217;s Note: We updated this article to enhance readability.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re part of the 34.9% of Americans who live in rented housing, the dreaded refrain of \u201crent is due!\u201d likely flashes through your head every first of the month. And if you have a roommate (that\u2019s about 38,705,000 of you, according to the 2010 census), that even further complicates the already tedious process. Enter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"no","footnotes":""},"categories":[153],"tags":[41,43,140,142],"class_list":{"0":"post-990","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-entrepreneurship","7":"tag-rent","8":"tag-renthop","9":"tag-rentshare","10":"tag-startups"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Startup Watch: Taking the Pain Out of Paying Rent - Real Estate Topics, Tips, and Guides<\/title>\n<meta name=\"description\" content=\"RentShare&#039;s taking the pain out of paying rent with their new technology that makes the end of the month a bit less stressful.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/blog\/startup-watch-taking-the-pain-out-of-paying-rent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Startup Watch: Taking the Pain Out of Paying Rent\" \/>\n<meta property=\"og:description\" content=\"RentShare&#039;s taking the pain out of paying rent with their new technology that makes the end of the month a bit less stressful.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/blog\/startup-watch-taking-the-pain-out-of-paying-rent\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Topics, Tips, and Guides\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-17T14:41:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2012-10-17T14:42:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2012\/10\/hn1u6t210xs3swmioxx0.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lawrence\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"lawrence\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.renthop.com\/blog\/startup-watch-taking-the-pain-out-of-paying-rent\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/startup-watch-taking-the-pain-out-of-paying-rent\/\"},\"author\":{\"name\":\"lawrence\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/bfb1e305460412627d529695d248df79\"},\"headline\":\"Startup Watch: Taking the Pain Out of Paying Rent\",\"datePublished\":\"2012-10-17T14:41:34+00:00\",\"dateModified\":\"2012-10-17T14:42:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/startup-watch-taking-the-pain-out-of-paying-rent\/\"},\"wordCount\":271,\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/startup-watch-taking-the-pain-out-of-paying-rent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2012\/10\/hn1u6t210xs3swmioxx0.jpeg\",\"keywords\":[\"Rent\",\"RentHop\",\"RentShare\",\"startups\"],\"articleSection\":[\"Entrepreneurship\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.renthop.com\/blog\/startup-watch-taking-the-pain-out-of-paying-rent\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/startup-watch-taking-the-pain-out-of-paying-rent\/\",\"name\":\"Startup Watch: Taking the Pain Out of Paying Rent - 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