There is no doubt that house hacking is a great way to offset your mortgage and offers an easy way to dip your toes into rental ownership. There are distinct benefits and challenges associated with it. In order to make the business side of house hacking easier, consider adopting a software to help you manage
So you’ve started collecting rent online with RentMindMe.com and life is feeling pretty good. Then all of a sudden life throws you a curve ball. Your tenant can’t pay online this month for one reason or another. What do you do? Record the physical payment Because RentMindMe automates your rent billing, you’ll need to record
We’ve all been there, you have to communicate with a group but don’t want to deal with the resulting flood of responses a group text leads too. Maybe you don’t mind the group text but prefer that your tenants don’t have each others contact info. That’s why RentMindMe offers bulletin communications. What are bulletins? Bulletins
Operating a successful rental business relies on your ability to collect rent, maintain strong relationships with tenants and implementing business systems that allow you to scale. RentMindMe property management software allows you to do all of the above. Since cash is king, let’s take a minute to talk about how RentMindMe improves your rent collection
Work Orders within RentMindMe streamline communication by providing your tenants a method for reporting maintenance needs. As DIY Landlords ourselves, we encourage our tenants to call our attention to small problems so they don’t become big issues down the line. What will using Work Orders do for my tenants and me? Prior to RentMindMe, we
Turnovers are a fact of life with owning rental properties. Here are three quick tips to ensuring you maximize your effectiveness when a rental unit turns over. Although it might mean you don’t collect rent for a brief stint, you should capitalize on the access to the rental unit and set it up so your
In this post we will take a look at the tenant side of RentMindMe. You already know about all the features a landlord has, but now you can learn about all the great tools available to your tenants. Getting them enrolled is so quick and easy, you can seemlessly integrate RentMindMe any time througout the life
You may be contemplating the idea of introducing online payments for your rental real estate business. If you are, this article is designed to provide you with visibility into some common questions your tenants might have as you talk to them about collecting rent online. Common questions from tenants This is the list of the
Are you working full time and hoping that rental real estate will be your ticket out of the rate race? It can be! And RentMindMe can help you achieve that dream. Here are three benefits of having a virtual assistant for managing your real estate investments. Benefit 1: Rent Collection RentMindMe will send gentle reminders
One Manager, 3 Investment Portfolios In this article we will us Joe as an example. Joe is a DIY Landlord who manages his personal real estate portfolio and a couple of LLC’s with RentMindMe. Joe owns 5 single familiy homes which is how he got involved in real estate. He’s invested in Prime Time Partners,
How is your rental business perceived? Being a DIY Landlord is empowering. From owning and operating a cash flowing business to getting to call the shots and be your own boss, the benefits are incredible. Let’s face it – that stack of cash and checks at the end of the month is a thrill too.
Are you a DIY Landlord or looking to become one in 2019? As the year gets started, let’s talk about the benefits you can realize from implementing business systems to save time, money and improve your communication with tenants. Time is Money, are you wasting it? Ask yourself these questions before we go any further…
Why Is Tenant Screening Important? Following thorough tenant screening processes is essential to protecting your rental property. There are several benefits to verifying a potential tenant’s qualifications. Screening tenants will: Reduce the chance of lost rent Lower the risk of vandalism and crime Reduce your risk of liability Prevent frequent vacancies By evaluating critical factors
I recently had the opportunity to meet Steve Bjorkman, CEO of RentalHero.io. Like me, Steve recognized that there is a tremendous opportunity to help landlords by automating their mundane task list and helping them ditch spreadsheets as their preferred tool for management of their rentals. RentalHero is an accounting software that eliminates almost all of
Contrary to some opinions, most landlords want their tenants to be successful. As as a landlord myself, it is in our best interest to have tenants be successful in all facets of their lives. From having safe and happy homes to financial success. When tenant’s are successful everyone wins. Here are three financial tips for
If you’re not currently having your tenants pay rent online, you’re missing out on untapped potential from a financial and time-saving standpoint. Hear us out — as landlords, we know what it’s like to chase down rent payments each month. Spending hours driving around town to get that check or cash. Awkward encounters with consistently
When managing your properties, there are simple ways to increase efficiencies. In this post, we’re discussing the importance of automated lease renewals. Take the pressure off yourself and rely on a system to help you stay in control. Understanding the Benefits of Automated Lease Renewals The biggest benefit of automated lease renewals is the control
When we launched RentMindMe back in 2017, we put controls in place to protect landlords from tenants short paying their rent. As the company has grown, and we’ve had the opportunity to gather user feedback, we recognize the opportunity to give some fluidity to our subscribers when it comes to their rent collection options. RentMindMe
Time is the one commodity you can’t replace or get back. As landlords, you’re likely burning the candle at multiple ends. We’ve been in your shoes and understand the struggle to manage multiple tasks. To help you gain back control of your day-to-day, we put together our favorite timesaving tips in this post. Leverage these
Diving into the world of real estate is an exciting step into your next business venture. There are plenty of opportunities to succeed and build a steady flow of income. We’re here to help you prepare for buying your first rental property. First, you’ll want to get some necessary information from the seller or seller’s agent.
I recently had the opportunity to meet Steve Bjorkman, CEO of RentalHero.io. Like me, Steve recognized that there is a tremendous opportunity to help landlords by automating their mundane task list and helping them ditch spreadsheets as their preferred tool for management of their rentals. RentalHero is an accounting software that eliminates almost all of
A new year means new habits. If you’re still working on your resolutions, consider adopting a business system. Not only will it make you a more successful landlord, it creates more convenience for your tenants and business partners. If you’re hesitant because you’re still doing everything manually, we get it. Sure, it can take a little
