Mortgage + insurance + taxes. If, like a lot of landlords, you’ve set up escrow, these charges come out of your account every month. You probably don’t think much about them and as a result, they can feel immutable. But trust us, they’re not, and finding ways to lower any of the three can have …
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Legal Issues Regarding Autopay For Rent Collection
If you are just getting into property management or you are looking to go digital with your business’s processes, then undoubtedly, you’ve explored options, and you may be wondering if autopay is the way to go. Whether autopay for rent collection is right for your business depends on where you manage properties, how you like to operate, and the types of tenants you currently have …
Read MoreHow to Create the Perfect Listing
In the age of the internet, writing a high-quality listing for your vacant property could make all the difference in the world. According to the National Association of Realtors, online listings are the first place prospective buyers and renters look when searching for a new home. Having the perfect listing could make your property the one they stop …
Read MoreHow to Lower Tenant Turnover
Vacancies are an expense no landlord can afford. The longer a unit sits empty, the more money you lose. In order to reduce vacancies, your best bet is to lower tenant turnover. Avoiding vacancy isn’t the only benefit of minimizing turnover, though. Replacing tenants right after one leaves can be a costly expense. To do …
Read More5 Benefits of Screening Tenants
It’s difficult to tell whether an applicant is as reliable as they seem. Oftentimes, their stories are just too good to be true. In order to find quality tenants and be assured that they are who they say they are, you must conduct thorough tenant screening. A rigorous screening process should include : A credit …
Read MoreWhat to Look for When Choosing Rent Collection Software
If you aren’t using rent collection software yet, now is the time to switch. It may seem overwhelming entering the world of online rent collection, but it’s certainly worth the trouble — and it’s not as bad as it may seem. Rent collection software has the sole purpose of making your job easier. Tenants can …
Read MoreWhat Landlords Should Know About Online Rent Payment Fraud
Getting scammed by a fraudster is, at best, infuriating, and at worst, terrifying. Let’s be honest: If you get scammed in the course of doing business, the consequences could be devastating. Unfortunately, while rent payment fraud can be scary stuff, it’s a part of the reality of doing business, and it’s something everyone deals with …
Read MoreWhat is ACH? How does it work?
The world is becoming paperless. People prefer digital payments to cash and checks. One of the biggest players in this movement is the Automated Clearing House, or ACH. You’ve likely heard of ACH payments but perhaps under the guise of eChecks. These terms are synonymous and represent the same quick, convenient, and inexpensive way to …
Read More8 Myths of Online Payments
It’s no secret that people prefer to shop online. If the massive growth of online stores like Amazon is not evidence enough, let’s look at a few stats. In 2018, an estimated 1.8 billion people worldwide purchased goods online. In that same year, global e-retail sales amounted to $2.8 trillion. Projections show that this number …
Read MoreHow Mobile Rent Collection Makes Life Easier
We’ve Come a Long Way with Mobile Technology In 2007, Apple released its first iPhone. Unlike other smartphones, Apple’s was made for everyone for everyday use, and unlike predecessors, the iPhone had touch technology. A lot has happened in the 13 years since that first iPhone hit the market and infiltrated American life, and now, …
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