Columbia, Maryland, is rated as one of the best cities to live in America. This ticks the boxes for both families wanting to rent accommodation as well as property investors who own rental property.
Despite these positives, being a landlord can be a demanding pastime, with plenty of paperwork to keep track of and many time-consuming tasks to complete.
A tenant portal is one of the most useful property management tools for simplifying landlord duties and responsibilities. Read on to explore the ways it can help you.
Access Information Quickly
A tenant portal can help you with many aspects of owning a rental property right from the start. Rental applicants can submit their information, consent to background checks, and scan the necessary documents online, so you have everything you need in one place.
Existing tenants can easily keep track of their lease documents, payments, and maintenance requests in one place. This can help you avoid numerous phone calls requesting this information and ensure they get the information they need as quickly as possible.
This makes lease management super simple and helps increase tenant satisfaction.
Simplify Rent Payments
A tenant portal serves as the perfect solution for rent payments. It facilitates online rent payment for the convenience of both tenants and landlords and keeps track of each transaction.
Tenants can pay their rent via credit card, debit card, and electronic transfer, so it's easy for them to find a method that suits them best. This technology can also issue rent reminders at preferred timeframes and remind tenants about overdue payments when necessary.
Come tax time, you can extract payment reports for each transaction to help you fill out your returns more easily and accurately.
Streamline Communication
Effective communication is vital for healthy landlord-tenant relationships. An online portal allows you to communicate with your tenants in real-time and record each communication.
This can be of immeasurable help when disputes arise or if you need to refresh your memory about what was agreed upon.
Save Time With a Tenant Portal
A tenant portal benefits landlords and tenants by eliminating the need for endless phone calls, texts, or emails. Both parties can access the portal from their cell phones at any time.
Tenants are assured of prompt responses to their queries. Landlords don't need to wait by the phone 24/7 in case their tenants need assistance.
Neither party needs to spend time rummaging through paper files or computer folders to access the information they need. Everything is instantly accessible via the tenant portal.
Harness the Power of Property Management Technology
A tenant portal helps Columbia landlords cope with the demands of owning rental properties in four key areas. It simplifies rent collection, communications, and record-keeping while saving you time and effort.
Working with a property manager is another way to simplify your life as a landlord.
PMI Real Asset Management is a locally owned company backed by a franchise with over two decades of real estate experience. We offer a full range of property management services, supported by the latest technology.
Discover the easier way to manage your Columbia, MD, property today.
