The average real estate investor loses around $20,000, but this doesn't need to include your company.
There are many aspects to property management, which is where our team can help. Working with us will give you the info you need, but some details must be shared with your tenants. If you need a place to post your HOA rules and info, property management portals will improve efficiency.
Keep reading below to discover other reasons why you should start investing in an owner portal!
Provide Essential Info to Your HOA Community
If you don't like to waste time or energy, an owner portal is essential. Portals serve as a platform for information that many people need to know.
Without an HOA management portal, your phone and email will be busy with questions. Many real estate investors spend time repeating the same info when they can easily avoid this. PMI Annapolis serves the Jessup area in Maryland and we can help you manage properties efficiently with a portal.
To help you get a better idea of what to expect, view our list of Maryland Association Manager responsibilities.
Increase Transparency
Most people go to the internet to learn more about a company. Even after you find tenants for your property, they need a place to learn more about your processes.
Posting rules, policies, and current news regarding your properties will help you gain loyalty. If residents are happy and know what to expect, they'll produce greater revenue for you in the long term.
PMI Village Alliance can help you prepare your portal with the most crucial details. The more information that you include, the more transparent you will be for clients.
Become More Efficient
A lot of time is spent on tenant relations, but with a portal, you can become more efficient.
You can streamline processes at your property management company by making use of the owner portal. On this platform, you can handle applications, screenings, and document transfers all in one place. Going to several sources can waste time and result in missed steps, with a single source, you won't watch the minutes and your money disappear.
Stay Organized While Managing Properties
Did you know that you can accept payments and track details about your investments on an owner portal? Organization plays a key role in business management, so you don't miss any information.
Around 75% of small business owners claim they could be more successful with more organization. Instead of letting disorganization become an issue, you can get ahead of the info and segment each project.
Resolve Issues with an Owner Portal
Working in the real estate industry involves adaptability and organization. If you want to improve your HOA management, an owner portal can help.
Since the issues come from miscommunication and complex processes, you'll resolve them before damage. With a single platform, you can track documents and screenings while accepting payments. At PMI Village Alliance, you can trust you'll get all the resources you need.
Before you work with our team, read about the most important things to know about hiring a community management company!
