With spring cleaning season on the way, now is a great time to get your rental business rent ready. Starting the spring season off organized can be refreshing and motivating, especially as many tenants prepare to move.
Last fall, we wrote about 3 easy ways to get your rental business organized. However, spring cleaning fever is upon us and can be beneficial to take stock of your day-to-day. How you can be proactive in setting your rentals up for success?
Luckily, with the help of RentRedi, it’s easier than ever to get rent ready. Let’s clean up any loose ends or tasks that have fallen to the wayside during the winter season!
Get your upcoming rent charges set up all at once
With RentRedi’s app for landlords, you can actually set up all your charges at once. Whether or lease is 6 months or a year, you can set up all the rent payments at once. Now, your tenant can just go into their app and pay when the time comes.
Additionally, if you have a month-to-month lease, you can also create monthly recurring charges.
Set your late fees up to charge automatically
If you have late fee rules listed in your lease, you can set them all up in RentRedi. Once you set up late fee rules, RentRedi will automatically create charges if rent is paid late. You can customize the feature by the grace period, first-time late fee, recurring late fee, and max late. Additionally, you can also charge by dollar amount or by percentage.
Store all important leases & documents in RentRedi
After you get your lease signed with your tenants, you can store the document right in RentRedi so you always have access to it wherever you go. You can also upload any other important documents—like utility bills—and share documents directly with the tenant via their RentRedi app.
This makes it extremely easy to keep track of all important documents for each tenant you have—all from your phone.
Get your maintenance process set up
You want to be ready for any maintenance issue you can imagine—before it actually happens.
In fact, maintenance is so important, we wrote a whole guide about how to handle it. How you choose to handle maintenance will depend on your strengths and network.
For example, if you have a background in repairs, you might choose to be the first call your tenant makes when there is an issue. If you have a maintenance technician or team working with you, you might choose to have the tenant call them (or yourself first, then a call to your team).
However you decide to set up maintenance, RentRedi’s tenant app enables renters to submit maintenance requests right to you or your team. They can also include a 5-second video of the issue, which can be useful for troubleshooting purposes.
Let your tenant know about the cool things they can do with RentRedi!
Of course, when you add your tenant to RentRedi, we give renters the lowdown on how to use RentRedi and the awesome features we have for them.
However, you can also send a letter to tenants explaining RentRedi or take a look through their RentRedi tenant app to get a snapshot of the fun things tenants (and you!) can do with RentRedi.
For example, not only can tenants pay rent from their phone (cash, card, or ACH), they can also set up auto-pay, bundle payments, and set up recurring reminders to pay their rent. Beyond rent, tenants can also submit maintenance requests, sign up for renters insurance, and even BOOST THEIR CREDIT SCORE.
Yes, you read that right! Tenants can even improve their credit score just by paying their rent via RentRedi.
Getting rent ready with RentRedi
Of course, there’s a lot more that goes into managing rentals than just the 5 items mentioned above. However, it’s important to set aside time to knock out the “rent ready” task list above to save yourself future headaches & hassles down the road.
For instance, if you spend 2 hours every month calculating late fees, that TWENTY FOUR hours you could save a year. A whole day. Imagine what you could do with a whole day of your life back. Sleep in? Binge-watch Storage Wars? Spend an afternoon relaxing with your family?
You might even have time to do all of these, within that free day. But we digress.
Taking the time now to ensure your rent, documents, late fees, maintenance, and tenants are set up on RentRedi can pay off in dividends—not only in time saved but also money too—in the long run.