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In This Article
From chasing down rent payments to coordinating maintenance and screening tenants, managing rental properties can become overwhelming as your portfolio grows. These tasks can quickly eat away at your time and limit your growth potential.
To give you an example, I was either collecting rent by meeting up with tenants or picking up the rent from a PO box. I would then enter every payment into my bookkeeping software, write out the deposit slips, and then I would take it to the bank to deposit. Some tenants would require a receipt, which I would have to create and get back to them.
This was so inefficient. It took up so much time every month—and that is just one process!
Fortunately, rental software like RentRedi offers a powerful platform designed to automate key property management tasks so you can scale your business efficiently. Here’s how RentRedi simplifies rent collection, maintenance, and tenant screening to help you manage more properties with less effort.
Automating Rent Collection
Collecting rent manually is not only time-consuming but also prone to delays and errors. RentRedi streamlines this process with automated rent collection features that ensure you get paid on time, every time.
Key features for rent collection include:
Customizable charges: Landlords can easily set up customized fees such as utilities, pet rent, or parking charges to align with each tenant’s lease terms.
Flexible payment options: Tenants can pay via credit card, ACH transfer, or cash using RentRedi’s partnership with Chime. These flexible options encourage timely payments.
Automated reminders: The platform automatically sends reminders to tenants about upcoming due dates, reducing the need for manual follow-ups.
Autopay capabilities: Tenants can enable automatic payments, ensuring you receive consistent, on-time payments without constant reminders.
Late fee automation: With RentRedi, landlords can set up automatic late fees, reinforcing timely payments without manual work.
These features reduce rent-related stress and free you to focus on finding new investment opportunities. There are so many aspects of property management that can be automated that can give you back so much time to prioritize the tasks that you actually need to complete.
Streamlining Maintenance Requests With RentRedi
Coordinating maintenance can be one of the biggest hurdles in property management. With my first property management job, tenants were calling me to request maintenance at all hours of the day, or they were filling out a form and putting it in a drop box.
It was an aggravating process, where I had to be available either to take the phone call or to pick up the form from the drop box. If I didn’t check the drop box in a timely manner, maintenance requests that needed to be taken care of would be just sitting there.
Once we transitioned to property management software, I became hands-off. I was able to streamline the process, where I didn’t need to answer the phone or make myself available in person.
RentRedi’s maintenance management tools simplify this by automating key parts of the process, while also setting a process to navigate the stuff that can’t be automated.
Key features for maintenance management include:
Tenant maintenance requests: Tenants can submit requests directly in the RentRedi app, including photos and videos to help landlords better understand the issue.
Automatic work orders: Once a maintenance request is received, the platform automatically creates a work order, streamlining your ability to track progress. You can view the maintenance request from anywhere in the world and send it off to your favorite vendor.
Vendor coordination: Landlords can connect with a nationwide network of vetted vendors who provide reliable service quickly and efficiently. Essentially, this cuts you out as the go-between tenants and vendors.
Progress tracking: Landlords can monitor every step of the process in RentRedi’s dashboard, ensuring no request slips through the cracks.
This maintenance workflow feature minimizes back-and-forth communication while ensuring repair issues are handled promptly.
Enhancing Tenant Screening with RentRedi
Choosing the right tenants is crucial to maintaining steady cash flow and avoiding costly evictions. RentRedi’s tenant screening tools simplify this process by providing comprehensive applicant insights.
It can be very time-consuming to verify that someone’s rental application information is correct. Don’t re-create the wheel—use all the tools available to you.
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Key features for tenant screening include:
Instant background checks: RentRedi partners with TransUnion to provide thorough background checks, including credit scores, eviction history, and criminal records.
Application tracking: RentRedi allows you to track submitted applications, ensuring no promising leads are overlooked.
Document management: Prospective tenants can securely submit income verification, ID, and references directly through the app, reducing paperwork for landlords.
By streamlining the screening process, RentRedi ensures you select reliable tenants faster and with greater confidence. More efficient screening leads to fewer vacancies because you can get an applicant approved and in your unit faster to collect rent!
Scaling Your Portfolio with RentRedi
By automating rent collection, maintenance, and tenant screening, RentRedi empowers landlords to manage more properties without being bogged down by repetitive tasks. The platform’s user-friendly interface and automated features help you stay organized, improve tenant satisfaction, and focus on strategic growth.
If you’re ready to expand your rental portfolio without sacrificing your time, RentRedi offers the tools you need to manage properties smarter, not harder. Embrace automation and unlock your portfolio’s full potential today. You can actually enjoy being a landlord by letting your system work for you!
Ashley Kehr is the co-host of the Real Estate Rookie Podcast. Just a few years removed from being a beginner herself, …Read More
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