Checks and cash, your days are numbered. In the current year, approximately two-thirds of adults across the globe use digital payments.
It's safe to say that we live in a digital world that's moving faster and faster away from old paper and pen payment options. Especially when it comes to paying rent. Many tenants would rather submit their rent through a tenant portal than mail you a check like it's 1950.
Yet paying rent is only the beginning of what a tenant portal can do. Read along as we discuss how the real estate technology of a tenant portal can revolutionize your tenant management.
A Tenant Portal Manages the Payment Process
A big part of paying rent is paying it on time. Many tenants are willing to pay, but forget to do so. It's then up to you to pester them about their due dates and possible late payments unless you hire a property manager.
Your rental property portal will give notice of upcoming payments. It handles late fees automatically, so you don't have to. Plus, it accepts most modern payment methods, such as debit cards and PayPal.
It Schedules Maintenance Requests
Maintenance requests can be a pain in the rear because they involve a lot of back-and-forth communication. You might have a panicked tenant who is calling you nonstop when you are busy. At the same time, though, you want to be on top of any issues with the house, even if it detracts from your own personal life.
Tenants can submit a maintenance request through the portal. You can go in and schedule it when you get a free moment. Everyone wins; you remain available and maintain privacy.
It Keeps the Lease Available
The lease is an essential tool to settle disputes and remind tenants of their obligations. Yet many people forget where they put it, or don't have it in an accessible place. So, use the tenant portal to store a current lease copy.
Thanks to the propensity of digital tools, you can have the tenant e-sign the lease from here, too. There's no need to take time out of your busy schedule to meet up and get a signature.
It Keeps Track of All Tenants
What's great about a maintenance portal is that you can manage every single rental property from the same place. Think of it as a central hub for your long-term and short-term rentals.
This makes a dead simple to jump in when you have a free moment and handle all the desk work. Approve multiple maintenance requests, send out communications to tenants, and more without leaving the web app.
Manage with PMI
A tenant portal is a must-have, as it can revolutionize your renting experience. Use it to manage all payments, and late fees, and provide automated reminders to tenants about both. Further, use it to manage all your rentals and keep tenants informed with digital lease copies.
PMI South Atlanta provides exceptional property management services of all kinds in the Riverdale, Georgia area. Curious about what your rental is worth? Use our tool to get a free rental analysis and see what your potential ROI could be.
