For Rental Pros, Landlords and Tenants, “It’s always better together”
As February’s end draws near and we begin to take inventory of where we are, how we got here and where we are going next I can’t help but to be over the moon excited, happy and proud.
The product that we consider to be a part of our immediate family is starting to bear fruit for our early adopters. The rental eco-system that we envisioned which puts equal emphasis on Professionals, Tenants and Landlords is not only functioning, but it’s beginning to thrive. The future has never looked brighter for NowRenting.
So how did we get here and what’s next? NowRenting is built on a simple concept with a wonderfully engineered solution:
“Use the internet to unify and simplify the residential rental space for Landlords, Tenants and Professionals.”
This mission when stated this way seems simple enough, and was born from the passion and desire to solve this problem. And whether you use NowRenting to solve these issues or not, the simple fact remains that when all 3 of these elements are part of this process, everyone wins. I believe that it is our mission and responsibility to prove this to be true.
In the month of March, we will use social media, email and NowRenting.com to showcase extraordinary people from each of these groups (Tenants, Landlords and Professionals). We will share stories and tips from landlords, showcase the professionals that are dominating the digital rental space and we will hear from tenants on exactly what makes them want to rent and what motivates their decisions. We will also add in contests, giveaways and other fun.
NowRenting will now be the champion of this Rental Trinity first, and a cool internet company second.
We hope you’ll join us in the Rental Revolution and help us blaze the trail to new kind of rental market, because it truly is better together.
Blog by: @Kyle_at_NowRenting
The 3 “L’s” of Real Estate
The most frustrating aspects of real estate market can be broken down into three parts: Listings, Leases, and Leads. Or, as we at NowRenting like to call them, the three L’s of real estate! Here’s how we can help you out:
Our leases component is a major assistance tool for landlords and realtors. We can help you generate leases from a variety of templates. Our lease component turns applicants into tenants in no time due to our electronic signature feature. According to Rentalutions.com, electronic leases are signed almost 2x quicker than the traditional process. Our ACH feature feature also allows you to collect rent electronically for FREE (due to NowRenting’s partnership with Stripe!) making it convenient for tenants to pay their rent. Landlords can smoothly export all rent transactions to Quickbooks without missing a beat.
NowRenting eliminates the frustration of gaining leads. Tell us about your dream tenant and we will provide you with unlimited leads that match your criteria! Gone are the days of sifting through junk leads. Our listings feature syndicates with multiple other realtor sites, making your property visible to everyone searching for rentals. Simply filter through your leads in the leads dashboard and easily communicate directly in the application! Once you’ve gotten your pre-qualified leads you can easily turn them into applicants via our application portal!! Zillow states that finding leads is the hardest part of rental real estate. With our leads feature, finding leads is a breeze!
Anyone who has had to list properties knows that listing properties is time consuming and monotonous. Our listings feature allows you to list an unlimited number of properties with ease and convenience into our database. This component lets you connect listings to your profile and market your business. According to Forbes, realtors can increase sales by 31% by spending less time listing properties, and more time gaining business.
What more could rental professional need? NowRenting has all of the answers to your rental frustrations.
Three Things to Do To Find More Qualified Rental Leads
Listing rental properties is hard. But, going through leads and trying to find the most qualified renter is even harder! There is an endless list of things to consider when trying to find the best possible person to rent property to. Should the renter have a certain financial standing? How will you know if your tenant will be reliable? Finding the perfect renter is time consuming and overwhelming. Here are a few things to focus on when trying to find more qualified leads for your rental property.
One way to find more qualified leads is to always make sure to ask possible renters for a referral from previous landlords. This is your chance to see what other landlords have to say about their tenants! You can find out if this particular tenant pays their rent on time, if they are disruptive, if they respect the property, and even the kind of lifestyle the renter has . There is immense value in the information that a landlord can offer regarding a possible renter. Depending on what a former landlord has to say regarding a tenant, you can choose to continue to consider renting property to them.
Another way to obtain more qualified rental leads is to request possible renters for a background check. Background checks can tell you if your possible renter has been convicted of a crime, or if they have been previously evicted from another property. A background check will also tell you if the renter is in the middle of any legal issues or battles. You can see if your possible renter is being sued, owes child support, or any other trends of non-payment and financial issues. Then, you must ask yourself; are you willing to rent to someone with certain convictions or legal issues?
One final thing to consider that will make finding a more qualified lead listing is the prospective renter’s credit score. A credit score reflects the likelihood that someone will pay back a loan. Knowing a lead’s credit score is key to knowing if they will pay their rent on time in full and even if they can actually afford the amount of rent you are requesting. A tenant with good credit will have good financial standing. The better the renter’s financial standing, the more qualified of a lead they become.
Once you have sifted through these three important considerations, you are prepared to select the most reliable renter. All you need to do is screen your possible renters based off personal preferences to narrow down your list of leads.