🔑 The weekly newsletter that ups your landlord game!
September 2, 2022
Back-to-school season is officially here! Even if you don’t have kids to shuffle to and from school, it’s hard not to feel inspired to evaluate your current routine this time of year.
Ask yourself: What processes could you implement today to take your business to the next level?
No need to hold for a drumroll - the answer is your rental property accounting! 🎉 It’s true: locking in your accounting process can mean the difference between succeeding in your 2022 financial goals and missing the mark. But there are even more perks to enjoy beyond your bottom line, which we share in this week’s article.
We’re also taking a look at what it means to be a virtual landlord and current market trends (turns out some guy named Jeff Bezos is also in the rental business).
Bring your rental property accounting into the 21st century through the power of automation. In this week’s article, we share the top three most unexpected perks of improving your accounting processes, which include:
Having more free time
Appreciating organization and efficiency even more
Increasing your confidence as a business owner
And these benefits don’t just impact your business; you’ll learn how leveraging REI Hub and TurboTenant’s integration can unlock new hobbies, capitalize on your renewed appreciation for organization, and help you feel your best.
Don’t worry! We record every webinar so you can watch them on-demand when it’s best for your schedule.
Whether you’re curious about Section 8 or want to learn how to better use the TurboTenant platform, you can find all webinars here. Reply to this email to sign up for our upcoming webinar on evictions.
"This is the 2nd time my basement room has flooded during rain (the window well filled up halfway to the top of the window). Each time has caused some damage to property as well [as] a loss of time to scoop water out and watch for another flood. [My rental agency] is suggesting that too much rain has caused the issue, and [it’s] not necessarily a drainage issue. However, even after the first time, they did not replace the beyond-repair sun-damaged well cover and simply sent someone in with a giant fan and microban to prevent molding.
I am daring to request a month's compensation as well as proper repair for the window well. Am I in the wrong? Could this cause me further issues with my rental agency?"
- From smushyu on Reddit
TurboTenant’s Take 💬
Unexpected flooding is such a drip! We feel for you, Mr. Tenant, but we don’t think your request in its current form is going to be successful. You should respectfully address the situation, but receiving payment for your time is unlikely.
Remember that you’re working with your landlord to solve this problem - it isn’t a question of you vs. them!
If you have renters insurance, submit a claim for any damaged items. Be sure to document any damage to the property, including an image of the well cover, then send everything to your rental agency along with a maintenance request via email. Their landlord insurance should cover any damage to the property itself. We hope you stay safe and dry!
We'd love to hear your take! ✍️
How would you advise this Colorado tenant to proceed? Have you dealt with flooding in your rental?
Email us for a chance to be featured in next week’s newsletter!
