Many people think that becoming a landlord is the best way to earn passive income and get a steady cash flow without much effort. When they realize how much work goes into managing a property (or several properties), things change.
There are ways to improve your cash flow as a landlord. Some of them come as a result of using a tenant portal.
We're here to talk about how an online tenant portal, among other things, will help you make the most out of your property investment. Read on to learn more.
A Tenant Portal Streamlines Tenant Communication
Tenant portals make communication between yourself and your tenants easy.
Without a tenant portal, you have to rely on mail, text messages, and emails. All of these things can slip by unnoticed by either you or your tenants. This is inconvenient.
Tenants who don't feel as though they're able to communicate with their landlord may not want to renew their lease. They want to know that their landlord is reliable.
By using a tenant portal, this isn't a problem. While you should also use emails, text messages, and traditional mail, the tenant web access portal is a quick and easy way to communicate.
It Makes Maintenance Requests a Breeze
Do you struggle to keep up with maintenance requests from your tenant? What about routine maintenance? If you're not keeping up with problems on your property, you're going to end up spending more time and money fixing them later on.
When your tenant submits a maintenance request on the property tenant portal, your property management team will be able to address it right away. They'll have a maintenance professional out to fix the problem within 24 hours.
Rent Payments Are Easy and On-Time
If you've been struggling to get rent payments from your tenants, an online tenant portal will help.
Online tenant portals make paying rent easy. Tenants can connect a credit card or their bank account and even set up automatic payments so they never forget.
A tenant payment portal will also remind tenants when rent payments are due.
Lease Renewals Are Easier
When your tenant logs into their tenant portal, they can see all of the information about their current lease. When you send out a new lease for them, they'll be able to read over it on their computer and even sign online (or message you about negotiations).
When you make renewing a lease easy, you're more likely to get more lease renewals. This means that you don't have to waste money on marketing vacant units and lose money while you don't have a tenant in place.
It's Time to Set Up a Tenant Portal
If you don't already have a tenant portal for your property, you're missing out. Your life (and the lives of your tenants) will get easier with the use of an online portal.
We want to help you. The professionals at HomeRiver Group can set up a portal for your tenants and help you with all of your property management needs. Contact us so we can start working together today.