Get Smarter About Property Investing: 6 Resources to Streamline Your Portfolio
Owning rental property can be incredibly rewarding. But it can also be ridiculously challenging, especially if you’re trying to boost your portfolio’s performance. The good news is that improvements are possible without mass overhauls of your strategy or process. In fact, you can leverage smart and manageable resources in increments to start seeing portfolio improvements. Today, we’re sharing those easy-to-implement resources and tools that can lighten your operational load and boost your rental property portfolio ROI.
1. Rent Collection Tools
Your rental property investment will be at its peak value when you’re able to collect rent effectively. So look to make smart improvements to how you remind and collect rent by adopting some of the most innovative payment processing tools. Today’s rent collection software solutions are chock-full of features, like tenant reminders. And payment resources like eRent Payment also allow you to collect other fees, including deposits, pet fees, app fees, and utility payments, too.
2. Tenant Communication Resources
Get smart about harnessing tools and resources that improve your tenant communications. You know the importance of ongoing communication with those who rent from you. It’s how you remain connected to them, stay proactive about answering questions, and anticipate concerns before they snowball. There are a host of great solutions out there that make reminders, notifications, mass texting, and email communications a breeze. Explore solutions like DialMyCalls and keep in touch with your valued renters.
3. Applicant Screening Solutions
Another smart resource to implement for improved portfolio performance is a robust applicant screening software. Tenant pre-screening is a mission-critical step in your process. And signing the wrong-fit renters will translate to non-payment or late payments, or worse, evictions. So explore some of these resources that offer layers of services, mobile-app access, background checks, credit checks, and more.
4. Digital Key Management
One of the processes you have as a rental property owner that takes a ton of your time and resources is key management. But you can streamline how you manage changing keys, deal with lockout situations, and organize property security efforts with the right key management solutions. Consider going digital for a stress-free approach to tracking and managing your property keys with resources like Keyzapp or InstaKey. It’s a smart upgrade that can save you valuable time and money.
5. Contactless Showings
Make rental property showing and touring a breeze with contactless showings and virtual tours. You don’t have to be present to market your property, meaning you can accommodate more potential renters. Take the hassle of juggling showing schedules out of the equation and improve the flexibility with which you can facilitate showings. Check out all the digital tools and resources available to help you facilitate remote showings, including Rently. Leverage smart locks, keyless entry, and smart locks, and keep your property doors open for potential renters.
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6. Partner with PMI JCM Realty Group
Consider these smart resources and start exploring manageable upgrades that result in streamlined portfolio management. But if you’d prefer to make one pivotal upgrade that, in turn, taps into all of the suggestions above at once - partner with PMI JCM Realty Group! Our property management firm transforms portfolios just like yours into high-value investments. And we know all the latest tools and resources to streamline every aspect of your property investment, rent collection, tenant communication, key management, remote showing, and tenant pre-screening solutions included. Contact our team, and let’s chat about transforming your rental property management!
Here to Help
PMI JCM Realty Group has a dedicated mission to share emerging trends in rental property investing in the real estate market. Additionally, if you want to explore more effective ways to improve your landlord-tenant experiences, we can help. For insights to boost your vendor relationships, portfolio performance, or bottom-line ROI, consider signing up for our free webinar.?
We’ve compiled the must-know insights and game-changing, real-life expertise for today’s rental investors in Tampa and beyond.?
Experience for yourself our webinar: How to Streamline Your Rental Portfolio for Maximum Growth! Rental property investors will always find something innovative worth applying.
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Moreover, you can get answers when you connect with us on social media as well! Share your concerns and participate in our Facebook Group discussions, which are great for discovering answers to the most pressing rental management investment questions. Join the insightful conversations and collaborate with top property managers!?
Reach out to other property owners interested in achieving similar portfolio ROI goals and learn about more effective management strategies. Also, exchange suggestions with fellow professionals and talk in-depth about today’s tenant challenges. And should you require a more detailed or tailored solution, hop online and schedule a meeting on my calendar!