In 2021, it was reported there are 43.6 million renters in America.
That's a lot of tenants to manage. A lot of monthly payments to process. And many hours of work just to collect rent.
Using a tenant portal is a great way to streamline the process for yourself and your tenants.
Keep reading to learn more about what a tenant portal is and the advantages of using one.
What Is a Tenant Portal?
A tenant portal is a digital option for tenants to pay their rent. A lot of online portals offer tenants the ability to request maintenance, pay their rent at a retailer, or manage their lease.
An online tenant portal also allows new applicants to apply.
Collecting rent has never been easier with these on-the-go options. A digital environment decreases the amount of work and paperwork required by landlords.
Online Tenant Portal Features
The portal offers a centralized location to house information and documentation for each rental. This allows both tenant and landlord to view:
- Leases
- Payments
- Invoices
- Other important documents
The portal enables tenants to directly speak with property managers regarding situations, questions, and requests. With the quickness of digital communication, tenants will be more satisfied with their rental situation.
Tenant Portal Benefits
Tenant portal solutions are designed to make lives easier. And tenants happier.
While portals are convenient, they are also reasonable from a business perspective. By establishing a tenant portal, property managers can expect to:
- Reduce time spent collecting rent
- Process maintenance requests faster
- Document all communications
- Submit notices quickly
- Increase transparency with tenants
- Lower incoming calls
An online portal seems like the perfect solution to managing properties efficiently!
Outsource To Streamline Your Operations
You've read about the benefits of a tenant portal, so now you need to decide if you want to manage it. Or would you rather outsource to a company that specializes in property management that already has an established tenant portal?
Hiring a property management company is an excellent way to reduce your workload so you can focus on new investments and ventures.
A property management company will:
- Manage existing properties
- Collect rent
- Respond to questions
- Process maintenance requests
- Attract new tenants
- Screen tenants
- Market rental properties
Let HomeRiver Group Help You Today
At HomeRiver Group, we have managed over 13,000 properties valued at $2 billion. We are experts in property management and would love to help you ease your workload.
We are one of the nation's leading providers of property management services. Equipped with years of expertise, we have the resources to find tenants quickly and to manage them efficiently.
Our online tenant portal is available 24/7, so you can check in on your properties at any time and any place.
We service Northern Virginia and are excited to craft targeted marketing campaigns to get the right tenants placed in your properties quickly!
Contact us today to schedule a consultation or request a free rental analysis
