Let's just think about Generation Y - the 78 million young adults who were born between 1979 and 1996. Almost everything about this generation is centered around their computers, data phones, smart touch pads - they mostly use credit cards to pay for things and do everything else online. And they make up a large majority of the rental activity across the US.
They will enter their first years on their own by renting and having a great desire to pay their rents either with a credit card or online. It's important for you as a landlord to keep up the changes and provide options for this generation.
There are many benefits for offering online services:
- increased likelihood of on-time rent payments
- higher occupancy and application rates by allowing online payment for credit reports as well as rental applications
- gives your renters the freedom to manage their rent payments and check their history of payments
- keeps you on the edge of technology over other landlords who don't offer online payments.
KGC Properties, LLC is a locally owned Tucson property management company that offers online applications, online rent payment, online credit card payments for application fees and deposits. Call us today to receive more information about the benefits of our services to help you manage your investment property!
This blog is written with my opinions and my opinions are presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions. Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .