Did you know that over 38% of Texan housing units are occupied by renters rather than owners?
If you've bought one or more properties and want to rent them out for extra income, you may be wondering what property management services are essential and what ones aren't. One of the most important things you can do is offer your tenants an online portal.
Are you on the fence regarding this option? Keep reading to learn all about the three great benefits of offering a tenant portal.
1. You'll Receive Rent Payment on Time
The last thing you'd want to deal with is late payments or no payments at all. It's much easier for a tenant to forget to pay without a proper residential portal. With a portal, it's possible to connect a bank account or a credit card so that the rent gets charged automatically every month.
By removing the need for a tenant to remember each month, the human error factor will be eliminated. That way, you won't have to deal with the headache of late fees, warnings, or even evictions. It's always best to avoid evictions whenever possible.
2. You Can Seamlessly Renew a Rental Agreement
There is plenty of paperwork involved with both onboarding a tenant and keeping them as paying customers. When you take advantage of excellent property management services, signing and renewing paperwork will be easier than ever.
This includes the all-important leasing documents and anything else that's necessary. By streamlining this process, you won't have to deal with vacancies as often. It's much better to keep tenants than it is to hunt for new ones and go through all of those initial steps again and again.
3. Landlord-Tenant Communication Will Be Optimized
Whether there's an issue in the apartment that needs fixing or a tenant wants to file a noise complaint, it's better to keep communication in one place. This streamlines it like the paperwork while also creating a record of it. If there are any legal disputes for one reason or another, you can always refer to messages as evidence in a court of law.
Plus, your tenants will end up being much happier when they know their voices are heard. This is far better than them having to catch you during office hours or some other old-fashioned way of communicating.
Are You Ready to Offer a Tenant Portal?
Now that you've learned all about the three great benefits of offering a tenant portal, you can take the necessary steps and make it a reality. Both you and your tenants will reap the benefits so it's a win-win situation.
We can provide you with a reliable tenant portal and so much more. Our Houston property management services also include marketing, tenant screening, maintenance, and eviction assistance, among other essential tasks.
Please feel free to contact us with questions and don't forget to ask about our complimentary rental analysis. You can always rely on our expertise.
