Currently, it’s very easy to go online and create fake pay stubs or new identities that will help individuals get approved that may not meet all of your requirements based on their actual credit history and income. In the past it has been time consuming and/or costly to run background and income checks on applicants. So the question arises how in-depth your screening process needs to be?
.jpg)
For property managers, a solid tech platform consolidates marketing, leasing, and resident management functions to cut out redundant data-entry, streamline workflows, and consolidate data for better reporting. But even in a world of single-platform solutions, a few property management workflows often remain stubbornly apart.
Most properties have some sort of screening process to check out an applicant’s credit rating and/or rental history before allowing them to sign a lease. It’s a sad fact that it’s often better to identify and avoid a bad resident in the first place rather than try to remove one after they’ve already moved in.
Having access to data is a blessing and a curse for many multifamily businesses. The amount of data the average business accumulates each year continues to grow exponentially and it can be difficult to know how to find the proverbial needle in a haystack that’s going to help inform future business decisions, especially if that data is housed in a spreadsheet
Multifamily organizations often exhale when all the nuances of their software system are firmly in place. And by the time that breath is complete, it’s quite possible that something has already shifted in the industry that requires another tweak of the system.
Property managers unanimously agree that online rent payments are the way to go. The time saved processing payments can save a manager an average of $5 per online payment. So now that you’ve made it available for residents to pay their rent online, how do you get them to actually do it? Here are a few ideas:
Let’s face it. It’s a matter of when and not if chatbots become part of the everyday backdrop in the apartment world. But if the early advent of chatbots has taught us anything, it’s that the tech has to be consistent for it to be effective.
Save time and manage your properties with flexibility. Join thousands of other operators.
