Gone are the days when property managers sit in cluttered offices, surrounded by stacks of paperwork. Technology has transformed the real estate industry, and if you haven't adopted the latest tools yet, now is the time to do so.
Start by investing in one of the most popular pieces of technology for property managers: a tenant portal. Read on to learn more about some of the benefits this can offer.
Tenant Portal Advantages: It Improves Communications With Tenants
Communication with tenants can get messy and disorganized, especially with multiple properties.
You might find yourself juggling phone calls, text messages, and emails and trying to keep track of multiple conversation threads. An online system can simplify this process. It keeps everything in one place and visible to all. It's easier for you to manage, and it's easier for your tenant, too.
It's a More Convenient Way to Process Rent Payments
Modern online portals allow tenants to pay via the platform.
Tenants prefer this because it's fast, safe, and easy to track payments. It's also better for property owners because you have everything you need in one place and can track all your financials, including details such as overdue rent. It cuts down on administrative tasks relating to rental payments across your properties.
Online Portal Features: Maintenance Tracking
An online portal helps you record and monitor all maintenance requests for your property.
It helps you set priorities, see major problems at a glance, and monitor costs. It also gives tenants more visibility about what is happening when they report a maintenance issue. They can see, via an online portal, whether an issue has been actioned and when it will be resolved.
Property Management Tools and Financial Reports
An online portal helps you get a snapshot of your business financials.
You can store all income and expenses and use them to create helpful reports about your properties. This means you can see at a glance which of your properties are running at a profit and also spot red flags where you might be overspending.
It's Accessible 24/7
Imagine you are going on vacation for two weeks. But while sipping cocktails by the pool, you notice multiple missed calls from tenants about your properties.
With an online portal, you have a different way of managing things. Online access means you can check it from anywhere in the world, or you can delegate management to someone else while you are away, and they will have everything they need in one place.
Document Management
With any rental property, you'll begin to accumulate lots of documents.
You'll have tenant lease agreements, safety certificates, and financial reports. An online portal gives you a safe place to store these and one that's easy for you to access. You won't have to worry about searching filing cabinets for necessary paperwork.
Streamlining Your Property Business With a Tenant Portal
Some investments can bring you healthy returns, and that's certainly true about a tenant portal. It helps streamline your business and keep things running smoothly.
Choosing the right property management team can do the same thing. PMI Arrico Realty is a leading Tampa Bay property team with extensive local knowledge and the most cutting-edge property technology. Discover more about the difference we could make to your property portfolio here.
