The global property management software market reached $4,473.3 million in 2022 and is still growing. This software offers landlord tools for accounting, tenant tracking, maintenance, and more. Using a centralized platform could be the solution to all your problems!
On the fence about using a digital tenant portal? Read on to discover how it can benefit you and your tenants today!
Increased Tenant Satisfaction
Improving tenant satisfaction rates can help you generate more lease renewals. Getting tenants to stay can reduce the cost of vacancies, marketing, and tenant screening. You can improve satisfaction rates by offering easy living experiences.
Providing tenants with access to a portal will make it easier for them to:
- Review lease documents
- Submit rent payments
- Send inquiries
- Submit maintenance requests
- Track requests
They'll have access to all the information they need from one space. If you don't provide access to this information, they may get frustrated. You'll miss the chance to generate renewals and improve your ROI.
Maintain Your Rental Property
Imagine receiving texts, emails, and phone calls from tenants about maintenance issues. Landlords handle six calls a year from tenants regarding property repairs. If you have multiple tenants, those requests can steal time from your busy schedule.
Instead, allow tenants to submit requests using a portal. They can track the progress of each request to ensure it's done.
Consider hiring a property management company. They can schedule routine inspections and repairs. This will ensure you remain on top of maintenance before tenants call.
Inspections can save you costs and the headache of future requests. You can track these projects from the portal yourself to confirm they're done on time.
Ongoing Rental Income
Allow tenants to submit or automate their rent payments online. They won't have to manually pay each month, which can lead to delays. Some tenants may fail to remember to submit payments in person if they're busy.
Generating online payments provides you with an ongoing source of rental income. You won't have to request delinquent fees in person. Instead, you can charge a late fee from the portal.
Manage Communications
Responding to multiple inquiries from your tenants daily can become time-consuming. You may neglect to check your email or phone if you're stretched thin. You can consolidate these messages from one platform.
This will ensure you never miss an inquiry from tenants. Quick responses can improve tenant satisfaction rates. Tenants may be more inclined to renew their leases knowing you're responsive.
Start Using a Tenant Portal Today
Juggling rent collection, maintenance requests, and leasing alone can get stressful. Instead, consider using an online tenant portal. You can streamline these processes, saving you and your tenants valuable time.
You can save more time and money by partnering with a property management company. Our team at Harland Property Management can increase your net income by reducing costs.
We have over 18 years of experience and a proven track record of success. Rely on our dedicated team of professionals to maximize your potential. Contact us today to start using an online portal!
