BiggerPockets

BiggerPockets.com — Oct 26, 2008 — Chicago, IL October 21, 2008 -- y925, LLC has officially launched a set of Internet services designed to simplify managing rental property. Propertize, www.getpropertize.com, provides individual rental owners simplified income and expense tracking and secure access to important rental data from anywhere. Vowcher, www.vowcher.com, accelerates rent collections by sending monthly invoices to tenants a few days before the rent is due.

"The trend in software development over the past few years has been toward elegant web-based applications that provide important functionality while maintaining simple, user-friendly interfaces. Propertize and Vowcher bring this trend to the rental property industry," explained Brett Yates, President of y925.

He observes that today's volatile real estate market is changing the rental industry in several significant ways.

* Investors are taking advantage of foreclosures and other conditions
* New investors are entering the industry at even younger ages
* Properties are rented for longer than expected as the market recovers
* Many rental owners hold full-time jobs and need access to data at work

All these factors combine to prompt rental owners to use the Web for help managing their rentals.

Yates observes that a key component to effective property management and a main feature of Propertize is the tracking of monthly rental income and expenses. "Entering a rent payment is as simple as choosing a tenant's name or unit. Propertize will even enter recurring income and expenses to your ledger automatically," he said.

Tracking income and expenses with Propertize is especially useful during tax time. Tallying up income and expenses can be time-consuming. The tax report in Propertize provides an aggregated list of all ledger entries for the year, organized by categories from the Schedule E tax form every individual rental owner is required to complete.

Vowcher, a stand-alone product fully integrated with Propertize, sends monthly invoices to tenants via email or postal mail. Invoices are sent to arrive a few days before the rent is due, thus increasing timely rent collections.

Propertize plans start at just $49.99 for the year. For more information, visit Propertize and Vowcher.