Internet users who attempt to log on to iiProperty.com will find themselves redirected to Rentomatic.com, the new face and name for the online property management site.
Users who are familiar with iiProperty.com (for more information, see Property Management Made Easy: iiProperty.com) will find that the new Web site has maintained most of its original features and tools for landlords and has retained a similar overall look and feel. The most noticeable change for landlords is the ability to interact with property tenants on the Web platform through collection of online rental payments and internal messaging features.
The Web site’s transformation took place last month, when Rentomatic officially launched.
Rentomatic offers two levels of service for landlords. The Free Plan provides basic property management tools, such as portfolio values and mortgage tracking and income and expense reports, for up to five properties. The Advanced Plan provides an additional set of property management tools, such as maintenance tracking and categorization of expenses for tax purposes, for an unlimited number of properties, at a rate of $30 per month.
Free and Advanced members can take advantage of the Complete Rent Management feature, which generates invoices and collects online rental payments at a rate of $5 per unit per month. The convenient and secure rental payment feature is an attractive new feature, especially for landlords who are tired of waiting for rent checks to arrive in the mail.
Both plans also offer complete advertising features. With these features, landlords can manage listings in one place, set up an additional homepage for their real estate business, create online flyers and auto-post ads on Web sites such as Google Base and Oodle.
Rentomatic’s advertising service also provides guided Craigslist postings. Craigslist is recommended as a highly effective and free venue for advertising properties for rent or for sale. For more information, please see our article Craigslist Offers Prime Ad Space for Free.
The obvious downside of Rentomatic.com is the fact that it is a purely Web-based program. Although the company backs up client data every night in case of a technical emergency, landlords do not have the ability to access their own records offline. Only income and expense information can be exported as a spreadsheet for Advanced members.
Landlords who use Rentomatic would be well advised to maintain vital property information and documents in hard copies and on hard drives because although Rentomatic presents a convenient organization tool, storage of valuable property information should always be kept close at hand.