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Top 5 Rental Technology Tools - Landlordology - Lucas Hall

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Like never before, landlords and property managers are able to automate their rental properties, thereby saving time, money, and headache. This presentation will teach you how to implement the most useful technologies into your rental property or property management business, from application to move-out.

As an independent landlord, and technology consultant, these tech tools have significantly improved rental business.

Lucas is the Chief Landlordologist at Cozy. He has been a successful landlord for almost 10 years, with dozens of happy tenants and a profitable income property portfolio.

Landlordology is brought you by Cozy, which provides free, simple, end-to-end rental management software for landlords and tenants. Learn more at https://cozy.co

Published in: Real Estate
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Top 5 Rental Technology Tools - Landlordology - Lucas Hall

  1. 1. RENTAL MANAGEMENT
 TECHNOLOGIES5 TOP BY LUCAS HALL
  2. 2. MY STORY Lucas Hall, PMP • Landlord, ~10 yrs • 4 Properties / 17 Tenants • Founder, Landlordology • Community Mgr, Cozy • IT Gov’t Consultant
  3. 3. OUR INVESTORS Online Applications, Rent Payments & Tenant Screening FREE
  4. 4. WE’RE EVERYWHERE
  5. 5. TECHNOLOGY
  6. 6. BLESSING? © SIEMENS
  7. 7. PROMISES TO • Connect You • Solve Problems • Save Time • Increase Profits SOFTWARE + RELATIONSHIP
  8. 8. CURSE? © C2 AND ITS ENTITIES
  9. 9. BUT OFTEN DELIVERS • Confusing Features • Learning Curves • Partial Solutions • Ongoing Maintenance COMPLEX & OVERWHELMING
  10. 10. WHAT’S THE DIFFERENCE? YOU!
  11. 11. VS LANDLORDS PROP. MGRS (RALPH FURLEY) (THE GATE KEEPER) © MARVEL AND PARAMOUNT PICTURES
  12. 12. LANDLORDS 1. Manage only their own properties 2. Some are accidental 3. Most have other (full-time) jobs 4. Are involved w/ maintenance 5. Report earnings/losses on 1040s
  13. 13. PROPERTY MANAGERS 1. Manage dozens/hundreds of units 2. Are the middlemen 3. Reporting/accounting are paramount 4. Are more organized than landlords
  14. 14. RENTAL TECHNOLOGIES TOP 5
  15. 15. CLOUD THE
  16. 16. 1. ONLINE APPLICATIONS
  17. 17. BENEFITS 1. Minimizes barriers 2. Easily sharable 3. Consolidated applicants 4. Faxes / Scanners going extinct
  18. 18. 2. ONLINE CREDIT REPORTS
  19. 19. BENEFITS 1. “Soft inquiries” 2. No entity or site visit required 3. Identity verification 4. Integration 5. Mitigates storage requirements
  20. 20. 1. Experian Connect 2. TransUnion SmartMove 3. Equifax Identity Report DATA SOURCES & TOOLS
  21. 21. CREDIT BUREAU SOFTWARE LANDLORD TENANT DISCONNECTED PROCESS
  22. 22. CREDIT BUREAU SOFTWARE LANDLORD TENANT SEMI-INTEGRATED PROCESS API
  23. 23. CREDIT BUREAU SOFTWARE LANDLORD TENANT INTEGRATED PROCESS API
  24. 24. SEX OFFENDER DATABASE www.nsopw.gov
  25. 25. 3. DIGITAL SIGNATURES
  26. 26. BENEFITS 1. Easier, quicker, & more efficient 2. Legally binding 3. Remote signings! 4. Online storage 5. Complies w/ federal & state regs
  27. 27. SIGNING TOOLS 1. HelloSign 2. SignNow 3. DocuSign 4. Property Management Software
  28. 28. 4. ONLINE RENT COLLECTION
  29. 29. BENEFITS 1. No more checks 2. Can be automatic 3. You get paid faster 4. Easier for everyone 5. Decrease in late rent
  30. 30. 5. INSPECTIONS
  31. 31. INSPECTION TOOLS 1. Happy Inspector 2. zInspector 3. Smart Phone Apps 4. Property Management Software
  32. 32. RENTAL SOFTWARE SINGLE 
 SERVICE MULTIPLE
 SERVICES THE 
 KITCHEN SINK
  33. 33. COST VS. FEATURES COST FEATURESO
  34. 34. TOP CHOICES 1. Landlords
 1-20 self-managed units 2. Small PMs
 20-100 units 3. Large PMs
 100-1000’s units
  35. 35. SO WHAT? HOW WILL YOU IMPROVE?
  36. 36. RESOURCES www.landlordology.com
  37. 37. ! © 2012-2014 Cozy Services Ltd. All rights reserved. ! www.cozy.co (IT’S FREE)

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