All Forum Posts by: Nathan Miller

@Joel Matthews Some property managers will do placement and screening for a fixed fee; however, I find that is becoming more rare as they want the ongoing contract.  If you don't find somebody, many property management software platforms will help you list your property on all the listing sites (zillow, apartments, rent.com, etc).

You can also handle the screening yourself if you want.  Here's a guide our team wrote that might prove useful on how to screen tenants and the reports you have access to as a landlord: THE ULTIMATE GUIDE TO TENANT SCREENING FOR LANDLORDS

Very pleased to hear that Dan!  You can also track depreciation in Rentec if you ever want to automate that there too. Just search up "depreciation" in the knowledge base to learn more.  Feel free to reach out any time if you have any questions or needs.

@Lisa Rodriguez

With 25 doors you might find that the minimums of some of the software are going to be cost prohibitive.  Some of the software require a minimum of 200 doors, etc.

I work with a lot of people in the property management industry, especially startups, and the best advice I can offer is to go try the software that offer free trials.  See which works well for you and feels good to you.  While doing that, try out their customer service and see who is friendly and knowledgeable about their product, and who answers the phone.  

Good luck with your choices!

@Sally Pearson I would recommend sticking with something that is specific to property management.  There are important tools that real property management software offers over general accounting platforms like Quickbooks.  Things like a tenant portal, online tenant payments, maintenance, real trust accounting (if that ever becomes a need).

There's a lot of great options out there.  I would recommend using free trials and see which one you feel most comfortable with, and also try out their customer support during the trial and see who you get along with the best.

There's also a few platforms that offer discounts to BiggerPockets members.

https://www.biggerpockets.com/...

 

I'm not sure about NC, but in our state if a landlord accepts a partial payment for rent during an eviction, even $1, it can restart the entire eviction process.  And in a landlord unfriendly state like ours, that means up to 6 more months no rent income.  And allowing a tenant to deposit $1 into an account is deemed an accepted payment.  Maybe not an issue in NC but something to be aware of.  

In the rare instances where we have somebody in eviction, we set to either disallow payments entirely or only allow a full payment in our software to ensure the tenant can't game the legal system.

@Shawn Tinerino There are a lot of great solutions out there for collecting rent online and advertising your property.  Many listing sites like rent.com, zillow, etc you can manually post to or you can use a property management software which posts to them all automatically for you.  Online rent collection is also a super good tool that'll make your life easier and your tenant's life happier!  Nathan provided a great list of options for that in a previous reply.

@Jen Girard One of the biggest time savers for both you and your tenant is accepting payments online.  Sounds like you are on the right track.  In addition to what Nathan very well put above, I'd recommend trying out the free trial of the top property management software solutions and while in the trial call, chat, and email them to see what their customer service is like.  

Hi David,

If Rentec Direct is already working out for your needs, there is a feature where you can set up a 2nd account and then link them.  That way it's still just one login, but you have access to both entities with a click.  Feel free to reach out if you need anything.  

You can also setup multiple extra logins for your business partners which would only have access to the designated account.

https://www.rentecdirect.com/b...

@Adam Shelley - sorry for the delay, i'm doing a bit of catchup on BP today.  For ACH payments you shouldn't be getting a percentage fee.  At most a small fee of $0.50 - $1.00.  Our service for example doesn't charge anything for ACH, but we do charge a % for credit cards.  Most others are similar.  If you google "tenant ach" I'm sure you'll get a number of options.

@Grant Shipman - curious, what is it that you are looking to accomplish with an API?  I'd like to see if I can help.