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by theoreticalee 5616 days ago
Good feedback.

Setting up tenants for an online account is optional. Heh, I wouldn't want to create more work either. However, if tenants are setup w/ an online account w/ rental collection online, the amount of paperwork would be slashed to a fraction. Every thing would automatically be digitized and collected, and your staff that normally collects the 800+ checks a month (400 units * 2 tenants) will have more time to sit at the local starbucks and browse hacker news :). Oh, and that is for non 'turn' months. 1000+ unit managers spend weeks during turn. We can turn those weeks into days :)

1 comments

I own some units and I LOVE the fact that many of my tenants pay me automatically through their Chase billpay or whatever that automatically deposits money in my account. This is so much better than me collecting checks
Now, what if they were automatically reflected on the tenants account balance and all notifications were handled, etc. Also, if they didn't pay on time, they'd get an automated reminder email letting them know they are late, auto assessment of late fees making the system the scapegoat and in turn increasing your on-time collection ratio, etc. We think that's worth a few bucks a month...