Innago: Free Online Rental Property Management Software
College and university enrollment in the US continues to rise, rental rates for campus properties continue to go up, and student housing continues to be an exceptionally stable and lucrative real estate investment. But managing student renters comes with plenty of headache. Have no fear! Innago was built to make managing student renters a breeze. Here are five reasons Innago is great for student housing landlords.
Let’s face it, student renter’s are not known for their responsiveness and accountability, so keeping them up-to-date on what they owe and reminding them of due dates and late fees is a full time job (and a hair-pulling one at that). Our system will handle the busy work, sending multiple reminders when invoices are due and overdue. If mom and dad are handling the rental payments, add them to the reminder list to keep them in the loop. And what’s more, a tenant cannot pay a future rental invoice until all prior invoices and late fees have been paid.
Google searches for “How do you write a check?” have gone up nearly 900% in the last 10 years. And while Google doesn’t tell us who’s asking the question, we’d guess it’s not your 40-year-old resident. For most college students, rent is the first substantial check (and more than likely, the first check, period), they’ve ever had to write. Make things easier with electronic payments and you’ll see faster and more complete rental collection.
Student housing properties can take a beating. One great way to keep your investment in good condition for the long haul is to quickly address any maintenance issues. Innago makes it easy for your tenants to submit pictures, videos, and descriptions from their phone. You can reply instantly and, if you determine it was their fault, send them an invoice for the damage.
In addition to your standard rental fee, with Innago, you can create an invoice for anything. Parking fees, CAM fees, utility bills, etc. can all be made, sent, and managed. And if the fee is one paid regularly, you can mark it as recurring.
With co-ops, internships, and relationship squabbles, student renters are constantly shuffling between properties. That’s why Innago, let’s you easily sign leases by the bed or by the unit. And when turnover turmoil inevitably rears it’s ugly head, you can handle sublessees and early termination with a few simple clicks.
