Posted in Blog  
  on Sep 23, 2015

How to Lower the Cost of Managing Your Rentals

Using a LandlordStation Membership to Ease the Burden and Cost of Managing Your Properties

 

No matter how many rental properties you own, managing your houses and apartments can take a lot of work and money. Using a LandlordStation membership, however, can ease the burden and cost of managing your properties. If you would like to make your job easier, here's how membership makes a difference.


Screen Tenants Easily
You invest a lot of money in your rental properties, so you want to make sure you avoid tenants who might cause damage or attract unwanted activities. Screening tenants is one of the best ways to learn about criminal backgrounds and financial problems. When you have this information, you can avoid applicants who have problems paying their debts and staying on the right side of the law.
Screening tenants is a sound way to avoid problems, but it's also a somewhat difficult for process, especially for new landlords who don't have much experience in this area.
A LandlordStation membership gives you access to comprehensive reports that include:

  • Credit scores
  • Criminal records
  • Bankruptcies
  • Foreclosures
  • Employment history
  • Past addresses
  • Eviction records

A Tenant Screening Report will even list an applicant's known aliases.
Without this service, you never know who you're letting into your property. It could easily be someone who will not pay rent on time. Even worse, it could be someone who will conduct illegal activities on your property.


Always Have Access to Your Documents
A LandlordStation membership includes online storage where you can keep your important documents and photos. This will make it easier for you to access the information you need no matter where you are. If you're meeting with a tenant outside of your office, you can just use your smartphone to access the necessary documents and answer any questions.
LandlordStation has three membership options that give you different amounts of storage space. The Pay As You Go membership includes 5 GB of space. The Starter membership includes 10 GB. If you choose an Unlimited membership, then you get unlimited space for all of your images and documents.


Sign Documents Online
Your LandlordStation membership also makes it quick and easy to sign documents electronically without worrying about any security issues. This will help you fill your empty properties and ensure that you have a steady flow of income.
E-signatures can also make it easier for you to manage properties outside of your area. It's a great option for landlords who own properties in several cities or states.


Simplify Rent Collection
Ideally, collecting rent shouldn't take much time. The reality, though, is that rent collection takes up a lot of time. It's difficult to keep track of who sends in their payments on time and who pays late. You also have to consider how much time you spend taking depositing checks to the bank and keeping tax records. It doesn't take many tenants before rent collection becomes more complicated than you once thought.
LandlordStation simplifies the process by putting everything online. The system accepts online payments that you can electronically deposit in the bank. It also sends your tenants email reminders, notifies you when rent has been paid, and documents everything so you can complete your taxes without worry.
You can also use the system to collect other payments like late fees, application fees, security deposits and pet fees.
Landlords and property managers will always face challenges. That's part of the job. With a LandlordStation membership, though, managing your properties becomes easier and more affordable.

 


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