Updated December 21, 2020
As a landlord, managing your properties can quickly eat up all your time if you don’t streamline and put together a smart plan. Become a savvy landlord and implement these five time-saving tips to simplify your life. Not only will it save you time and money currently, but it will help prepare you for future investments.
5 time-saving tips for landlords
Tip #1: Make Your Marketing Automatic
Marketing online is 100 percent necessary in our modern, on-the-go world. However, marketing doesn’t need to eat up gobs of your time. If you automate your online marketing, you can increase the number of applicants you receive while decreasing the amount of time you spend working on it.
Use a website that automatically syndicates your listing across a vast array of popular online channels. This way, you can create one outstanding property listing and syndicate it across the web. Say goodbye to retyping property listings or forgetting important details.
Tip #2: Cut Down On No-Shows
One of the items on your list as a landlord that can start eating up your time is showing your property and dealing with no-shows. Unfortunately, people are not always as courteous as we would hope. To cut down on people not arriving for a scheduled showing, reach out to them an hour before the scheduled date and time.
Scheduling open houses is another time-saving tip. Open houses will help reduce the time you spend running around showing properties. You can tell interested parties to arrive during a set three-hour window on a Saturday. This method allows you to build your showing schedule around your own needs. During your showing, you can meet people, give a tour, and direct them to your application process.
Tip #3: Go Online With Your Rental Application
Paperwork is a huge time hog. Trying to decipher poor handwriting can cost you hours. Make it easier on yourself and your prospective tenants by using an online rental application. All of the information will then be available to review anywhere you have internet.
You won’t have to worry about losing paper applications, not reading applications, or paperwork getting lost in the mail. When you show a property, ask interested tenants to fill out your online application. You can send them a link via email or even via text, and they can fill out the application right there on their phone.
Tip #4: Screen Potential Tenants Thoroughly
This time-saving tip will save you time and money now and in the future. You will save time by screening tenants with a comprehensive check, including credit, criminal history, and evictions history. The hassle of evicting a tenant is well-worth avoiding. A responsible tenant who pays on time requires far less of your time and energy down the road.
Use a tenant screening program that integrates with your online rental application. This will save you from paperwork, and it will not require you to be responsible for sensitive information. Online screening is available to landlords for free and requires little to no work on your part.
Tip #5: Collect Rent Online
Think about how few things we use checks to pay for anymore. Checks are a thing of the past, and with the majority of renters being under the age of 30, it is a hassle to get younger tenants to pay rent on time with paper checks. Tired of the excuse, “I think the check got lost in the mail”?
Switch to online rent payments and save yourself the headache of tracking down rent. You can ensure that you will be paid on time, and it will allow you to better track which tenants are consistently late. Savvy landlords use technology to make their life easier. Save yourself time and money by creating a more efficient rental process using the free tools available online.
The following blog post was contributed by TurboTenant.
TurboTenant is revolutionizing the rental process by providing savvy landlords with cutting-edge technology that’s intuitive, powerful, fast, and free. Through one-click online rental marketing, fully integrated tenant screening, customizable property websites, and online rent payments, TurboTenant changes the way landlords manage the property. Sign up for TurboTenant today and see how our free landlord software will simplify your life.