It’s been a minute since we last spoke about updates. So, as I’m sure you can imagine, we’ve been really busy. We’ve been diligently working on many core enhancements to the RentPost platform that will enable us to, not only provide a faster and more robust experience, but also pave the way to lots of new and exciting features.
The latest update that’s just been released is the second to last in our core update series. While there is a lot going on under the hood with this update, there isn’t a lot that meets the eye. That all said, this is a super exciting update for us, as we move forward.
Included with this update are a number of bug fixes, speed enhancements, and various other updates such as the contacts now having a new “Other” classification for generic contacts. All contacts, now, within the system, have received a huge overhaul with how they’re handled.
In today’s economy, it has become more and more popular to rent out a home. Whether you are becoming a property manager for client’s investment properties or just cannot sell your own home at this time, we wanted to offer a few tips to make your rental a success.
1. Document, Document, Document – We all wish we could still do business with a handshake, but it is wiser to put your agreement into writing to protect all parties involved. You want to make sure the lease terms, the terms for late payments, the number of occupants, etc. are all outlined in a lease agreement. You can find boiler plate lease agreements online, or it might be worth paying an attorney to draft one specific to you and your needs.
The life of a landlord can be a hectic one. Especially if you have multiple properties and another full time job that keeps you busy. It’s a common complaint of landlords that they wish they could be in two places at once because of all of the work it takes to manage their properties. Perhaps you’ve found yourself feeling the same way. Maybe you’ve even tried a few tricks to free up some of your own time, like outsourcing some of the work that needs to be done on your properties, or joining with a partner for the purpose of sharing the workload.
Usually when you utilize these methods, they work for a while. However they’re not always a long-term solution. There have been so many advances in technology over the past several years, we thought it was time someone took some steps to simplify the lives of property managers and landlords. We found that by automating some of the work of rent collection and by providing a space where landlords could easily track any repairs or other problems tenants were experiencing, it provided an easy solution to help landlords simplify property management.
Property management software through RentPost.
Many of the landlords we work with were spending hours each day, after they went to work at a full-time job in their communities, sorting through tenant issues and attempting to remember things that needed to be taken care of with their properties. Those days became a thing of the past once we were able to introduce them to a better way.
That better way included putting an end to any disputes about rent payments, being able to remember to call a plumber to fix a leak in a bathroom, and exact calculations regarding refundable security deposits. Our system does all that for you, and much, much more.
If you’re feeling burnt out and tired, our property management software will help you get your quality of life back. It is possible for you to manage your properties well, and still be able to enjoy the simple pleasures in life, such as time with your family and an occasional trip out of town.
Want to find out how we can make it happen for you? Contact us today!
Sometimes it can seem like owning an investment property involves a lot of spending rather than saving. But a rental property investment can actually save you money in the long run, if you play your cards right. Since real estate is typically a long-term investment, it’s a good way to put your cash into something tangible that will gradually increase in value over time.
This article in the Huffington Post that summarizes some of the ways real estate investing can help you save money. The author emphasizes that when investing in property, it’s important to either buy with cash or be in a position to comfortably pay the mortgage each month. If you’re financially secure so that you’re able to purchase a rental property, Brad Hettich, President and CEO of Commercial Lending X, lists five primary financial benefits to doing so–lower taxes, positive cash flow, leverage, equity growth and inflation. Here’s a brief explanation of how these work:
Tutorial videos have arrived! We have created many different videos that will guide you in making the most out of your Rentpost account. Check them out on our YouTube channel or on our support forums under video tutorials.
Some of the videos include: how to add a unit and tenants, how to create late fee schedules and management fee structures, moving out tenants, and every angle in creating and submitting work orders. There is even a video for a tenant account, so you can see the simplistic process of a new tenant creating their own Rentpost portal. You can also share the video with them if they need guidance!
We will continue to create videos so you can really utilize the software and make life a little easier. Please, let us know if there is anything within the site you would like to see in action.