Around 36% of New Jersey are renters, which shows how many landlords must figure out ways to simplify the rental process.
Using a tenant portal comes with various benefits, from convenience to easy rent collection. But if you're new to the world of tenant portals, you may not realize how much they can benefit you.
Sounds familiar? Don't worry, we've got the answers you're searching for. Here are four reasons why you need a tenant portal.
1. Essential for Tenant Screening
Tenant screening is crucial for landlords as it determines whether the applicant is a trustworthy candidate.
If you skip this part of the process, you could end up with a tenant who doesn't pay rent on time or, in the worst-case scenario, damages your property. But this can be avoided by using a tenant portal as applicants enter their details, documents, and consent to a background check.
2. Convenient for Tenants
A massive benefit of tenant portals is streamlined communication. Tenants can leave questions or feedback that the landlord can check on the go, whether through themselves or a property management company. As a result, tenants have a better experience and are more likely to renew their leases, making it a win-win.
An added bonus is that tenants can contact the landlord around the clock. If there's an urgent message, the tenant can contact the landlord or property manager via the portal with zero issues.
Tenants no longer need to worry about filing important documents, such as the lease agreement. Thanks to the tenant portal, tenants can check rental policies or any additional information without contacting the landlord. This frees up time for both property managers and tenants.
Further, the tenant portal is useful for rent payments. The portal sends notifications to the tenant days before it's due, reducing the number of late payments. It's also impossible for tenants to lose paychecks on the check as it's a simple click of a button.
3. Great for Maintenance Management
Maintenance management can be tricky for tenants if they can't contact the landlord or property management company. Luckily, this can be avoided by using the tenant portal as it logs the request and notifies the property manager. Plus, tenants can track its progress, giving them full transparency.
4. Useful for Accounting
Every successful business needs an accounting system to track its finances.
Tenant portals integrate with most accounting software, making it easier to enter data and produce financial reports. Having this at your fingertips gives property owners a stress-free experience managing finances and helps them make sound business decisions.
Why You Should Use a Tenant Portal Today
Now that you know the benefits of using a tenant portal, it's time to find the right one for your needs.
At PMI Inspired, we have years of experience managing properties in the Red Bank, New Jersey area. By using the latest technology, we keep both tenants and landlords happy.
If you need help managing your property, we'd love to hear from you. Reach out to us to chat with a team member.
