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There's a delicate balance to rental property management.
Being a great landlord is a lot of challenging work. To build solid relationships with your tenants and keep money coming into your property, you need to be highly attentive to their needs. Without the proper tools, managing your property can be extremely difficult.
That's why more and more landlords use a tenant portal to enhance communication with tenants. In today's post, we'll tell you 5 benefits of using tenant portals. Keep reading and you'll see how tenant management tools can make your life as a Hammond landlord easier.
1. Tenant Communication Tools
Property management software makes communication so much easier. Good communication is paramount to a successful landlord-tenant relationship. If either party needs to reach the other, they can do so via the tenant portal, which will streamline communication by keeping everything in one place.
2. Online Rent Payment System
With an online tenant portal, your tenants will have a single place to deal with all of their rental responsibilities, including rent payments. They can make all of their rent payments through the portal.
A quality rental management system will even allow for multiple payment methods, making it as convenient as possible for the tenant. For the landlord, this ensures you're always receiving your monthly payments on time.
3. Prompt Maintenance
You need your tenants to be communicative and responsible with rent/utility payments, as well as maintenance. On the other hand, they need you to uphold your end of the bargain and provide them with a suitable place to live.
The tenant portal allows tenants to make maintenance requests. As long as you're diligent about checking the portal, you'll be able to act on these requests promptly, ensuring your property is well-maintained and your tenants are satisfied.
4. Documents in One Place
A tenant portal keeps your rental organized. There's always a lot of paperwork for rental properties, but a tenant portal allows you to digitize and organize all of these documents in a single location.
If your tenant needs to look at their rental receipts or you need to check your lease agreement, it's easy to access on the tenant portal. Having everything in one place cuts down on the time you'll spend searching for documents in random computer folders or physical locations.
5. More Lease Renewals
When you give your tenants the clarity, simplicity, and convenience that tenant portals provide, you'll secure more lease renewals. Having happy tenants lowers vacancy rates and keeps rental income flowing out of your investment property.
Let PMI Help You Set Up Your Tenant Portal
These are a few of the biggest benefits you'll see when you implement a tenant portal. The beauty of this type of property management software is that it benefits both parties simultaneously. To experience these perks for yourself, let PMI NWI help you set your portal up.
PMI NWI is Hammond's top property management service, offering landlords all of the help they need to thrive. Contact us today to find out more about our tenant portal and how it can make your life easier.
