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Investors attracted to the idea of growing their wealth with a rental property are often surprised by the amount of time managing their rental actually requires. Between finding tenants and dealing with the day-to-day responsibilities of a rental property, the hours put into protecting that investment can quickly add up.
Traditionally, investors looking for a more passive, less time-intensive way to invest in real estate have had to put their capital into shared ventures. Today, real estate investors have some new choices that allow them the control of owning their own property with a smaller required time commitment. Here are five ways Tenantcube is helping today’s time-savvy real estate investors make their rental property feel like a more passive investment opportunity.
Cast A Broader Net With Ad Syndication
Posting your vacant property listing on multiple websites to ensure it gets in front of as many eyes as possible is a time-consuming process. Based on direct feedback received from landlords, Tenantcube developed an Ad Syndication feature. When faced with a vacancy, Ad Syndication allows landlords to instantly promote their property listing on a collection of the country’s top rental sites with one quick click.
Streamline Tenant Research and Selection
When you have a great rental property to fill, keeping on top of the calls, emails, and applications from potential tenants and organizing their information in a way that ensures you select the very best one can feel like a full-time job. As part of the base software package, Tenantcube takes on all that work for you. It begins with a comprehensive rental application that those interested in your property must complete. In addition to gathering extensive information about each applicant, the software allows you to easily filter, sort and keep an updated shortlist of your very best applicants. When you’re ready to narrow down that shortlist, Tenantcube can execute credit checks, gather rental and employment history information, and scan social media and public court records to assist you in making the final tenant selection. Learn more about Tenantcube’s base software package.
Offload The Workload Of Property Viewings
Finding a property showing time that works for you, your potential tenant and your current tenant can take a great deal of coordination. Tenantcube’s Virtual Landlord Assistance Service package offers landlords a number of ways to lighten the workload. As part of the service, Tenantcube’s Virtual Assistants will take care of all the communications with applicants and tenants to schedule property tours, providing you with a list of dates and times that you just need to conduct the tours. If you’d rather have someone else perform the showings on your behalf, Tenantcube’s Virtual Assistants can also coordinate that support. Learn more about Tenantcube’s Virtual Landlord Assistance Service.
Automate Deposit and Rent Collection
Believe it or not, there are still landlords taking time out of their schedule each month to collect and deposit rent cheques, chase missing payments, and return end-of-lease deposits. As part of our base software package, Tenantcube offers landlords a modern and easy way to collect deposits, rent and other payments from tenants. Payments are deposited directly into your bank account, and information about each transaction is safely stored for the future should proof of payment ever be required. Learn more.
Professional Property Maintenance Support
Property maintenance issues can be one of the most frustrating parts of owning a rental property. Whether it’s a late-night call about a leaky faucet or a broken air conditioner while you’re away on summer vacation, maintenance issues always seem to arise at the worse moment. For an additional $19 a month per property, Tenantcube becomes the first point of contact when your tenant has a question or problem. Working from a list of your preferred repair and service providers, the Tenantcube team will coordinate the work required to address your tenant’s concerns and keep you updated on what’s happening at your property. Learn more about Tenantcube’s Virtual Maintenance Support Package.
Have these five time savers got you curious about turning your rental property a more passive investment? Try Tenantcube’s base software free for 30 days to see what’s possible.
This article offers general information only, is current as of the date of publication, and is not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. While the information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Tenantcube Inc. or its affiliates.
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