Payments

What happens if my renter cancels?

If you have a renter who has already escrowed a payment and signed a lease on Flip, they're obligated to continue with the sublease.


When do I get paid the first month of rent?

The first month of rent is transferred to your primary payout method by the first day of the lease. You'll receive it within 2 days.


How much upfront rent should I ask for?

You can ask for the renter to put down as little as 1% of monthly rent or as much as the entire cost of the lease upfront, before you accept their application.


How do I automate my rent payments?

Automate your monthly rent payments from within your rental dashboard. Select the payment source you want to use, and how many days before the first of the month you'd like to be charged.


How do security deposits work?

Flip provides an escrow service for security deposits. We manage storage, claims, dispute resolution and payouts.