In the competitive world of real estate, maximizing profits as a landlord is a top priority. While some may view property management software as an unnecessary expense, studies have shown that embracing technology can lead to significant financial gains. In fact, a survey revealed that 47% of landlords experienced a substantial increase in their earnings, with 79% achieving this within the first six months of implementing property management software.
The benefits extend beyond financial success, as landlords also gain the invaluable gift of time. By automating various tasks and streamlining operations, landlords can reclaim precious hours spent with their families, pursuing hobbies, or scaling up their businesses. In this article, we will explore how upgrading your TenantCloud plan can unlock the full potential of your rental business and help you achieve greater profitability.
Get Going With the Starter Plan
Starter Plan $17 monthly/$187 annually
TenantCloud's Starter Plan offers a range of valuable benefits for landlords looking to streamline their property management processes and enhance their overall efficiency. Here are some key advantages of the Starter Plan:
1. Online Rent Collection: With the Starter Plan, you can easily collect rent payments online, providing a convenient and secure payment method for tenants. You can eliminate the need for manual rent collection, reduce administrative tasks, and ensure timely and accurate payments.
2. Tenant Communication: The Starter Plan includes features that help you facilitate seamless communication with tenants. You can send messages, share important updates, and address inquiries directly through the TenantCloud platform. For landlords, these centralized communications streamline interactions and improve tenant satisfaction.
3. Document Management: Managing and organizing documents related to rental properties can be a time-consuming task. The Starter Plan offers document storage and management capabilities, allowing landlords to upload, store, and access important files such as leases, agreements, and maintenance records in a secure and centralized location.
4. Maintenance Tracking: Keeping track of maintenance requests and scheduling repairs can be challenging for landlords. The Starter Plan provides tools for managing maintenance requests, tracking their progress, and assigning tasks to service professionals. This allows you to simplify the maintenance process, ensure timely resolution of issues, and improve tenant satisfaction.
5. Key & Lock Management: Simplify the management of access to your properties with advanced key and lock management tools. You can enjoy the benefits of enhanced security, streamlined key distribution, and the convenience of managing access remotely.
5. Financial Insights: The Starter Plan offers core financial reporting features that allow you to track income and expenses related to their rental properties. This provides landlords valuable insights into cash flow, profitability, and financial performance, helping landlords make informed decisions and optimize their financial strategies.
6. E-Signature: Say goodbye to printing and faxing - sign leases online with ease. Discover the convenience of electronic signatures and how they save time and effort. You can simplify the leasing process and sign leases on your device in seconds with our e-signature tool, recognized as a legal signature.
By utilizing the features and capabilities of the Starter Plan, you can increase efficiency, improve communication with tenants, simplify document management, streamline maintenance processes, and gain better financial insights.
While the Growth and Business Plans offer additional advanced features for landlords, the Starter Plan is a solid foundation for you to manage your rental properties effectively and lay the groundwork for future growth.
The TenantCloud Starter Plan offers a comprehensive set of features tailored for DIY landlords managing up to 10-20 rental properties. The Starter Plan is a solid start if you want to manage your properties more efficiently.
Unleashing Potential with the Growth Plan
Growth Plan $32 monthly/$352 annually
If you're a landlord looking to scale up and expand your portfolio, it's only natural to seek advanced features that keep you at the top of your game.
With the Growth Plan, you gain access to an exclusive set of features that go above and beyond, enhancing your property management efficiency and effectiveness. Experience the full potential of your property management business with TenantCloud's Growth Plan and stay ahead of the game:
1. Landlord Forms: Simplify administrative tasks with a comprehensive library of pre-built landlord forms. Customize and utilize templates for lease agreements, move-in checklists, and more, ensuring efficient documentation and streamlined communication with tenants.
2. Rent Balance Tracking: Effortlessly handle tenant balances and rent payments, ensuring proper financial tracking for your rental properties.
3. Lead-Tracking CRM: Seamlessly manage leads, notes, and call details. Stay organized, never miss an opportunity, and build strong client relationships. With our Growth Plan, you don't need to worry about data limits or missing critical follow-ups. Unlock advanced lead management with ease.
4. Lease Builder: You have the liberty to design personalized lease templates. You can start by creating them from scratch via the document text editor or uploading a PDF. Make signing documents a breeze by utilizing secure e-signatures that allow you to place initial, signature, and date fields exactly where you need them on the document.
5. Property Message Board: Simplify your property communication. Post important public notices like freeze warnings, community updates, or maintenance schedules to either specific groups of tenants or your entire tenant base. It's a powerful tool that not only enhances tenant safety but also fosters a sense of community and transparency within your properties.
From enhanced communication to streamlined financial processes, hassle-free forms, and management tools, the Growth Plan empowers you to optimize your operations and attract high-quality tenants. Investing in these advanced functionalities allows you to achieve higher rental income, minimize vacancies, and ultimately increase your bottom line.
For those seeking to elevate their business to new heights, TenantCloud's Pro Plan is the ideal choice. The Pro Plan unlocks a suite of advanced features that can take your property management operations to a completely new level. These enhanced tools allow you to streamline your processes, scale your business, and maximize your profitability.
Supercharge Your Property Management with Pro Plan
Pro Plan $55 monthly/$605 annually
As a forward-thinking landlord or property manager, staying competitive in the dynamic real estate market requires constantly evaluating strategies and tools. That's why we've introduced our brand-new Pro Plan, designed for property managers and owners looking to elevate their business.
Unlock a world of possibilities with the Pro Plan, tailored to help you maximize profits and property management efficiency. With this plan, you can access exclusive features that will supercharge your operations, giving you the edge in today's competitive market.
Let's take a look at the new features of the Pro Plan:
1. Fees & Distribution Tools: Simplify financial management and ensure transparent communication with owners by easily tracking and distributing fees. With intuitive fee management tools, you can streamline your financial processes, generate accurate reports, and provide owners with clear and concise financial statements.
2. Listing Website & Logo: Elevate your brand presence with a professional listing website and a custom logo. Showcase your properties in a visually appealing manner, attract a broader audience of potential tenants, and leave a lasting impression with a strong and recognizable brand identity.
3. Property Manager Tools: Take advantage of a comprehensive suite of tools tailored to meet the unique needs of managing larger communities. From efficient communication with tenants and owners to streamlined maintenance requests and vendor management, these tools will significantly boost your productivity and organizational capabilities.
4. Sync with QuickBooks Online: Seamlessly integrate your TenantCloud account with QuickBooks, the industry-leading accounting software. Automate financial processes, streamline bookkeeping tasks and gain real-time insights into your financial health.
5.1099 Form: Effortlessly Track and Report Expenses with our 1099 Form Feature. Easily manage payments to independent contractors, freelancers, and vendors. Ensure IRS compliance by automatically generating 1099 forms for payments exceeding $600 in a tax period.
6. Owner Approvals for Maintenance: Enhance collaboration and communication with property owners by allowing them to approve or decline maintenance requests directly through the TenantCloud platform. Streamline the approval process, improve transparency, and build stronger relationships with your owners. Foster stronger collaboration and transparency with property owners through individual owner portals. Access essential property information, review financial statements, and track maintenance requests, building trust and enhancing relationships.
7. Premium Leads: Attract quality tenants with Premium Leads. Save on vacancy costs and increase rental income with tenants who want to stay long-term. Get direct leads and fill vacancies faster.
Annual Subscription Benefits
Opting for an annual subscription brings even more advantages to your property management journey. By committing to an annual subscription, you unlock benefits that allow you to make the most of your investment.
First and foremost, an annual subscription offers cost savings compared to a monthly subscription. With a single upfront payment for the entire year, you can enjoy a discounted rate, ensuring your business's long-term affordability and financial stability.
Furthermore, an annual subscription provides uninterrupted access to all the premium features and functionalities of the Plan you choose. Harness the power of advanced tools, such as comprehensive financial reporting, automated lease renewals, and customized branding options, for a full year without any interruptions or limitations.
Easily Upgrade Your TenantCloud Plan
- Log in to your TenantCloud account. Click on your profile icon in the top-right corner of the screen, and let's embark on an exciting upgrade journey.
- From the drop-down menu, select "Subscription & Billing."
- On the Subscription & Billing page, you'll see your current plan details. Scroll down to the "Upgrade Plan" section.
- Click on the "Upgrade" button, and voila! A new window will appear, displaying the available plans.
- Choose the plan that best suits your needs and click on the "Upgrade" button.
- Review the plan details, including the features and pricing.
- If you are satisfied with the plan, click the "Confirm Upgrade" button.
- Enter your payment details.
- With your upgraded plan, you'll tap into a new world of efficiency, productivity, and growth. Get ready to conquer the property management universe!
Upgrade your TenantCloud Plan now and let your business soar to new heights of success and fulfillment!