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…
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…
Maintenance management for your properties is a massive part of your business operations. Keeping your spaces updated and free from issues is critical to positive relationships with your tenants. As you prep, your units for your future tenants, think about who you want to attract to the space. What are your expectations for daily activities and…
Let’s face it — computers and smartphones are part of our daily lives, sometimes we still like to take care of our business responsibilities the old fashioned way. We get it. Manually inputting your information is ingrained in your process. It’s what you know. But it can also present a series of challenges and leave…
Managing rental properties provides great “passive income” but what if you could make that “passive income” a little more passive? That was our thought process when we set out to build RentMindMe. When you have the right tools in place, you can make owning and operating rental properties a breeze. Know your tenant’s setup status…
Over the last 12 years, I’ve moved a lot. Moving out of state for college, I moved (on average) once a year. When I moved back home to start a career, I moved a few more times. Nearly all of those moves were into a rental unit. With new rentals come the challenges of new…
I recently had the opportunity to sit down with Toni Wood of Elite Bookkeeping Plus. After many years of managing the office and accounting for a local realtor and auctioneer, Toni decided to follow her dream of owning her own bookkeeping business. With the flexibility provided by technology and several property managers as clients, Toni…
Landlording doesn’t have to be stressful. You got into this business to earn extra income, and that’s possible if you make the most of your time. In reality, you need to treat your rentals like a business — not a side hustle or hobby. The people the succeed at landlording follow some fundamental principles, which include: Create systems…
