Are you a landlord looking to manage your rental properties more efficiently? While owning rental properties comes with many benefits, there can be challenges, too, without the proper tools to assist you. The good news is that you can use technology solutions, such as a tenant portal.
Around 10.6 million people earn money from rental properties in the US. While there are many different property management styles out there, landlords share the goal of wanting to make the management process as smooth as possible.
A tenant portal is an online platform to communicate with your tenants. Read on to learn the top four benefits of utilizing this tool.
1. Convenient Tenant Access
A tenant portal provides an accessible way for tenants to access important information, messages, and services whenever needed. They can easily submit maintenance requests, pay their rent online, and upload important information for you to access on the owner portal.
Providing this convenience for tenants can help improve tenant satisfaction, especially for those with busy schedules or who live in a property far from you.
2. Secure Tenant Portal Rent Collection
One of the top issues landlords face is rent collection. Online payments are a convenient option but come with risk without a secure platform, with hacking incidents happening on average every 39 seconds. A tenant portal provides a safe way for tenants to pay their rent online.
Tenant portals have the security to protect transactions. You can have peace of mind that you will receive rent on time, with portals also sending reminders to tenants in advance.
3. Improved Communication
A tenant portal provides a direct line of communication between you and the tenant. You will not have to waste time trying to find old messages or try to get in touch with tenants.
The portal also keeps all information in one place, meaning invoices and other important documents will be sent by message or email. This keeps everyone on the same page and reduces the chance of miscommunication.
4. Streamlined Management
A lot of time is spent managing paperwork and communications with tenants. Save paper and improve organization with an online system. You can digitize paperwork, allowing tenants to sign agreements, submit maintenance requests, and complete other tasks on the portal.
Many tasks are streamlined and automated, saving valuable time. You can then focus on reaping the benefits of being a landlord instead of drowning in too much paperwork and struggling to manage your properties.
If you use a property management company, they will also manage this platform for you, and you can have an owner portal to check on tasks.
Property Management Support
Tools such as a tenant portal can reduce the stress of overseeing your properties and allow you to enjoy the benefits of your investment. If you feel tools such as these will help you, check out our portal and rental property manager services.
Our firm uses the latest innovative software and solutions to manage real estate processes. We also have a team of expert property managers to help support your investments. Contact us today to learn more.