In the wake of the 2008 Financial/Housing Crisis, the real estate industry was dealt a series of direct blows (as could be expected), and indirect effects continue to exacerbate the pummeling; at ground zero the dust has not settled, but what can be deciphered is a re-assignment of equity and the subsequent paradigm shift within the real estate industry. Over a million new or “converted” American renters have expanded the market since the housing meltdown, and demand for “property managers” to facilitate the rental process has provided a much needed outlet for struggling real estate agents, as “income-producing properties” now provide much needed cashflows for property vendors in this stagnant sales market.
This creates an alternative for many companies and individuals who are pressed for cash but wish to hold on to their undervalued properties until prices eventually rise. The cash accumulated from collecting rents can provide the money needed to pay bills and expenses that would otherwise render them bankrupt.
The folks at RentPost predicted this transition from the “era of the agent,” and surmised that the ultimate profitability of the emerging property management industry would be contingent upon technology. We have created a user-friendly yet highly sophisticated, automated “system’s” approach to facilitating the rental process in the 21st Century.
The speed and efficiency of the Internet Age is breathing new life into an industry overdue for a makeover. Our user-interface connects tenants and landlords on a mobile, digital platform where information is more easily collected, organized, stored, and communicated. Accounting functions take this further, providing effortless assimilation of such information so that you and your employees can maximize efficiency, allocating newfound time and energy to the expansion of your company and/or services, rather than tedious number crunching and record keeping. Furthermore, accounting features help property managers (and/or landlords) to reduce the time and money they spend on record keeping and costly accountants by automatically providing up to date balance sheets, cost analysis, and a variety of ledgers, providing managers a constant calculation of their bottom line.
As a member of the “Facebook/On-Demand” Generation, I know all too well of the ever-shortening attention spans and expectations of immediate gratification that are currently entering our job markets and economy.
I’ll concede the possibility that balancing a checkbook is an invaluable learning experience…but aren’t those just the little slips of paper you pay your rent with? You know, the little book that looks like I.O.U. stationary? Yeah, it seems like I see that little book everyday in some part of the house, but I swear it runs off and hides when the rent is due!” But alas! Online Rent Payment with RentPost.com.
Online rent payment is an invaluable service that our software provides, allowing tenants to initiate timely rental payment without the use of paper. The global economy is accelerating away from paper checks, and to many young adults, including students, rent payments (and sometimes bills) are just about the only use for a checkbook. Allow your tenants the ability to safely and effortlessly pay their rent online with RentPost…save yourself much of the hassle associated with collecting it!