Back in the day, people were encouraged not to spend much time on the Internet. These days, the average person spends almost 7 hours per day connected to it.
It's safe to say that the Internet is woven into the bedrock of our society, and is key to many everyday activities. That's why those landlords out there collecting paper rent checks are starting to look like dinosaurs. But is it really worth it for them and others to upgrade to a tenant portal in Boise?
There are far, far more benefits than downsides. Let's take a closer look.
1. A Tenant Portal Schedules Property Maintenance
Property maintenance is critical to protecting your real estate value. But it can be somewhat difficult to arrange a time slot, especially with your busy schedule and the tenant's.
So instead, you can use the tenant portal for reporting and scheduling tasks. The tenant sees when you acknowledge something, and the task appears as a maintenance event on the calendar. Depending on which portal you use, it can send you automated email reminders and include other helpful features.
2. It Schedules Other Regular Events
As a landlord, you have the right to inspect your property with advanced notice for any number of reasons. You likely want to go through the home to flush the water heater. Maybe you want to trim the bushes or do other things to keep the property looking nice.
But if you barge in or are pushy, that could sour the landlord-tenant relationship. Instead, use the online platform to schedule regularly occurring tasks, such as property inspection.
3. It Facilitates Rent Collection
People can buy anything online, so why not pay their rent that way, too? Rent payment via an online platform is growing in popularity. Just ask JP Morgan Chase, one of many companies piloting an easy-to-use online rental payment platform.
Many tenants only keep their checkbooks for paying their rent. Online payment is easy, fast, and convenient, and they can do it from anywhere. It's likewise easy for you; rent payments go straight into your bank account.
There's no need for you to pester them with phone calls when they are late. An online system can handle this, and inflict late fees if necessary. Plus, it can give out helpful payment reminders before the due date.
4. It Helps With Tenant Retention
Every landlord's nightmare is losing that golden tenant to another Boise landlord. In many cases, the reason your tenant leaves is because you are no longer competitive. Your policies are outdated and your rent prices are high.
That said, many landlords aren't quite sure what things they can change to secure a renewed lease. Some may be dealbreakers, such as allowing your tenant to have a pet or reducing their rent. A tenant portal, however, is an easy and sure way to ingratiate your tenants.
Get Your Tenant Portal Today
Hands down, a tenant portal is a must for every landlord in the modern age. It makes it easy to schedule maintenance, regular tasks, and even rent collection. At the end of the day, it may also help to retain a tenant who is on the fence about leaving.
1st Rate Property Management has an A-class realtor team with decades of shared experience. Manage your Boise property with us.