Innovations That Matter

Web tools for landlords

Property & Construction

Managing a rental property is no task for the faint of heart, and that challenge only multiplies as the list of properties grows. Fortunately, two companies on two different continents have come up with tools to help make the job easier. Australian Streetfolio gives property managers a central way to manage their entire property portfolio themselves, without having to pay fees to an outside agent. A portfolio section gives an overview of all the owner’s properties on a single page, including photo, cost, value, mortgage outstanding and other details for each. The property dashboard, meanwhile, zooms in with more detailed information about a property and its financials. Cashflow and analysis sections help manage those financials—including rent and taxes—while other sections provide at-a-glance details on mortgage, insurance and lease information, as well as contacts and reminders. Using Streetfolio for just one property is free; plans for more than one begin at AUD 7 per month. From Massachusetts-based Investment Instruments, meanwhile—makers of Rentometer, which we covered not long ago—comes Rentomatic, a site that focuses on facilitating relations between property owners and tenants. A portion of the site dedicated to landlords provides a secure environment for managing properties, including quick views on upcoming or critical events for each; income and expense tracking tools specifically designed for real estate; and the ability to advertise multiple listings online, track important lease, rent and tenant information, and create detailed income and expense items. A separate tenant portion of the site, meanwhile, gives tenants a straightforward way to communicate maintenance requests, for example, as well as to make and track electronic rent payments. Launched in January, Rentomatic offers basic tools for up to 5 units for free, while the advanced plan costs USD 30 per month. Management of electronic rent payments costs USD 5 monthly per lease. Once again, the web streamlines countless tiresome tasks in one fell swoop. That’s the US and Australia taken care of; still plenty of room to spread! (Related: Using pictures to help tenants request repairs.) Websites: Spotted by: Bill McMahon




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