Monday 4 September 2017

Landlord Software: Michelle’s Story





When Michelle bought her first rental property 2 years ago, she was aware of some of the challenges property owners face. She learned some of the ins and outs quickly, like who to call for the best repairs at the best prices. She improved her property and eventually bought another. But one landlord task was particularly stressful for her – collecting rent.

“Collecting rent became a pain,” Michelle commented. She felt as though she was hassling tenants for rent payments. She wanted an easier way.

Often, Michelle’s tenants would tell her they had sent a check via mail, but Michelle didn’t receive the payment. It seemed like it was the tenant’s word against hers, with neither party winning. “Is the tenant telling the truth about sending in a payment, did the post office lose the envelope, or are they stalling for time?” Michelle wondered. It’s challenging to determine if a check is truly lost, or if the post office delivery really does take longer than she thought.

In some cases, Michelle felt like she would not receive a rent payment unless she went to her tenant’s apartment to meet them and collect payment. This wasted Michelle’s time, with her already full schedule. Isn’t there a better way?

While researching her options, Michelle discovered Schedule My Rent. She was excited to find the online landlord software easy to use, and at a price she was happy with. Schedule My Rent’s tenant portal allowed her tenants to quickly see what is due and easily pay rent online. She realized this is what she was looking for: online rent payments, made easy.

Michelle now recommends Schedule My Rent’s landlord software to her friends who own property. She loves how easy it is to collect rent electronically, and so do her tenants - a win-win. It’s your turn to discover what Michelle has discovered, the perks of collecting rent online. 

As we hear feedback from our landlords, they share what they love about electronic rent payment. The things that float to the top of their list include those shown below.
Top 10 reasons to collect rent online
1.        It’s a time saver. Why drive to the post office to collect checks, then stop at the bank to deposit them? Or even less appealing – drive to your tenant and collect the rent directly.Both options take too much of your valuable time. Online rent collection is so simple, and helps devote more time to growing your property investments.

2.        Stress no more. Just like Michelle above, you can forget about the stress involved in collecting rent. Rent payments show up in your bank account on time, with no work on your end. No more wondering if checks will arrive and following up on late payments. It’s easy and stress-free.

3.        Happy tenants = Happy Landlords. Our tenants love the ease in signing up for electronic payments, and knowing their rent arrives each month with no effort. They enjoy renting from a landlord who makes things easy. We’ve discovered that most landlords are expected to offer electronic payments as a service to their tenants. Schedule My Rent provides a simple way to offer this service.

4.        Security. With electronic payments, your personal information isn’t changing hands as it is with paper checks. Your tenant’s address, name, and account number are confidential, and our bank-level encryption keeps your personal data safe. 

5.        Quick payments. With electronic payments, money moves quickly, from the tenant’s account to the landlord’s account – this makes it easy for both parties to know the status of their accounts. No delay waiting for someone to cash your check, or waiting to receive payment. With Schedule My Rent, we always move money fast and don’t charge for a quicker processing time, like some of our competitors. 

6.        Not just for rent. With Schedule My Rent, we make it easy for landlords to collect payments beyond rent, such as late fees, one time utility payments, etc. 

7.        Who’s paid? Visibility and a record of who’s paid is critical to managing your business. Schedule My Rent has the best property dashboard in the business. It’s easy to see payment detail across all your properties, whether it’s 1 or 100. You have complete visibility at the click of a button.

8.       Record keeping.  Though not exciting, it’s nice to have an electronic record of who has paid, the date they paid, and the amount. No manual entry into a spreadsheet. It’s all online with Schedule My Rent.

9.        Issue resolution. With electronic payments, both tenant and landlord have the same transaction history – there’s no dispute over payment details. We make sure to let you know if a payment fails, and ensure the tenant can try again.

10.  Payment flexibility. With Schedule My Rent, we’re able to split payments between roommates. 

Take advantage of all the benefits of paying online. It’s so easy, you’ll wonder why you didn’t consider it before. Try www.ScheduleMyRent.com today.

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