Overview

PropertyBridge, a MoneyGram company, is the leading provider of electronic payment processing services for the real estate management industry.

Formed in 2003 by a diverse group of financial services, technology, marketing and real estate professionals, PropertyBridge launched its first solutions for large property management firms in 2004.

PropertyBridge now serves customers across the United States. These include some of the largest property management companies serving millions of residents.

MoneyGram International, Inc. acquired PropertyBridge in October 2007.

Products and Services

The PropertyBridge Payments Platform offers an integrated, flexible infrastructure that makes it easy for property managers to build out secure, friendly online payments solutions.

Using PropertyBridge, property managers can offer all payment types and channels through a single web interface while integrating payments seamlessly into property management accounting software. Residents can pay rent and other lease-related transactions using multiple payment types including credit/debit cards, Automated Clearing House (ACH), check scanning , PIN-less debit, and cash payments at more than 40,000 retail MoneyGram agent locations, including Wal-Mart. Property managers save time, improve operational efficiencies and reduce resident delinquencies.

See our Top 10 Reasons for Property Managers to Automate Payments.

The Markets We Serve

Large property management firms in the residential real estate industry are responsible for tens of thousands of units and many millions of dollars in payments. Collecting rent and other transactions is a key business function that has been chronically under-served prior to the launch of PropertyBridge's Payments Platform.

PropertyBridge’s solutions are geared to meet the needs of all segments of the residential real estate management industry, including multifamily housing, military housing, senior housing, student housing, affordable housing, and homeowners/condo associations (HOAs and COAs).

For the first time, large property management companies can offer residents a full range of payments types from within a framework that is compliant and fully integrated with their existing systems and processes. This eliminates the need to struggle with home-grown development projects. PropertyBridge also offers a compelling alternative for smaller property management firms that have struggled with the non-compliant processes and erratic business practices of third party payments products.

Memberships

PropertyBridge is a sponsor of the Multifamily Industry Transactions Standard (MITS) organization. Jason Gardner, PropertyBridge Vice President, is on the MITS governing board for 2009. MITS is an industry-wide effort by the apartment sector to develop common data standards and XML protocol to facilitate data and systems integration.

The company is also member of national industry trade associations including the National Apartment Association (NAA), the National Multi Housing Council (NMHC), and the National Association of Residential Property Managers (NARPM).