With more than 48 million rentals in the United States, there are a lot of properties for landlords to manage. Since many landlords own multiple properties, it can be helpful to use tools to stay efficient and organized.
An online portal is a tool that can be useful for both tenants and landlords. Implementing an online portal will improve rent collection and help landlords and tenants communicate effortlessly.
Here are the top four reasons you should use an online tenant portal in Miami, FL.
1. Improve Communication
A tenant portal helps to facilitate better communication between tenants and landlords and can make staying on the same page easier than ever. Since it can be hard to communicate in person or call at the right time, a tenant portal can be a great way to stay in touch.
If there are any maintenance requests from tenants or if they have any other needs, they can reach out to you and you can respond instantly.
2. Make Payments Easy
Online tenant apps allow tenants to pay rent online and track all payments they have made. You can offer many payment options within a tenant portal including direct deposit, credit card, payment apps, and more.
This will also simplify things for you, as a landlord. You'll have a full record of all the payments made and can easily manage payments from multiple tenants simultaneously. With online rent collection, you can also request additional payments from tenants in case there are any additional charges.
3. Access Important Documents
An online portal makes it easy for both you and your tenants to review important documents and records. You'll be able to conveniently review a lease agreement and any other important documents that pertain to your relationship.
If any disputes come up, it can be helpful for you and your tenant to easily refer to these. You'll be able to see the details and know exactly what you had agreed upon.
4. Improves Security
An online portal can also be a more secure way to maintain tenant information as a property investor. Strong security protocols will be in place to protect crucial data such as social security numbers and bank account information.
It's riskier to keep paper documents on file or to manage records in another way. By handling these important pieces of information in an online portal, you'll have peace of mind that critical information will be well taken care of.
Implementing an Online Tenant Portal
Implementing an online tenant portal won't just be beneficial for you, but it can help your tenants as well. Through an online portal, your tenants can make payments, communicate with you, and access important documents.
PMI Biscayne Bay is a locally owned company and is part of a larger franchise that has been perfecting the rental property management industry for more than 20 years. Founder Gilberto R. Sacramento brings 15 years of experience to the Miami-Dade market.
Need property management and landlord services in the Miami area? Get in touch now to learn more about how we can help.
