SkillSET Blog
Advice For Pros · April 03, 2023 · AUTHOR: Stanley Bawalan

SetSchedule for Property Management: A Comprehensive Solution for Landlords

 

As a landlord, managing your rental properties can be a challenge. You need to keep track of tenants, rent payments, maintenance requests, and much more. But what if there was a solution that could help you manage all these tasks in one ecosystem? Enter SetSchedule for Property Management, a comprehensive solution for landlords.

SetSchedule is a company that improves business solutions with a unique evolving tech stack carefully crafted to initially serve the interests of real estate professionals. SetSchedule offers tools with features such as rent collection, tenant screening, maintenance management, and accounting. Let's take a closer look at some of the key features of SetSchedule for Property Management.

SetSchedule’s Rentastic: Accounting Made Easier for Landlords

Generate Financial Reports

Profit and Loss Statement: This report provides a breakdown of all income and expenses for properties, making it easy for property owners to generate an end-of-year tax summary to give to their CPAs.

Cash Flow Report: This report shows the income, expenses, and net cash flow for a single property, allowing property owners to see how much their properties are making or losing.

Bulk Transaction Export: This feature allows property owners to export a raw data dump of all stored transactions, their classifications, and other data.

Bulk Receipt Image Export: Property owners can download a copy of all images they've attached to various transactions.

Duplicate Transaction Finder: Rentastic can find duplicate transactions that may have been missed, helping property owners save money.

Mileage Export: This feature allows property owners to export their complete mileage log, classified by trip, distance, date, and property.

Conduct Rent Estimates

Provides property owners with an estimated rent price for their rental property based on similar properties located in the same area. Here are the steps to use Rent Estimates:

  • Sign up for a Rentastic account and become a paid member to access the Rent Estimate feature. Free users only get three estimates total before they need to upgrade.
  • Navigate to the Rent Estimate feature within the Rentastic platform.
  • Enter the address of the property you want to get an estimated rent price for. You can also enter the city, state, and ZIP code to help refine the estimate.
  • Optionally, you can enter additional details about your property, such as the number of bedrooms, bathrooms, and square footage, to get a more accurate estimate.
  • Once you have entered all the relevant information, click the "Get Estimate" button to generate the estimated rent price for your property.

Calculate Mortgage

This can help you estimate your monthly mortgage payments based on factors such as home price, down payment, loan term, interest rate, property taxes, homeowner's insurance, and HOA fees. Here are the steps to use Rentastic's mortgage calculator:

  • Navigate to the Rentastic mortgage calculator page.
  • Enter the home price in the "Home Price" field. For example, enter 300,000.
  • Enter the down payment percentage in the "Down Payment" field. For example, enter 15.0% or 0.15. The calculator will automatically calculate the down payment amount based on the home price. In this case, the down payment would be 45,000.
  • Enter the loan term in years in the "Loan Term (Years)" field. For example, enter 30.
  • Enter the interest rate in the "Interest Rate" field. For example, enter 5.5.
  • If applicable, select "Yes" in the "Include PMI" field if your loan requires private mortgage insurance.
  • Enter the property taxes per year in the "Property Taxes (per year)" field. For example, enter 2,500.
  • Enter the homeowner's insurance per year in the "Homeowner's Insurance (per year)" field. For example, enter 800.
  • If applicable, enter the HOA fees per month in the "HOA Fees (per month)" field. For example, enter 25.
  • Click the "Calculate" button to generate an estimate of your monthly mortgage payment.

The Rentastic mortgage calculator can be a helpful tool for estimating your monthly mortgage payments, but keep in mind that the actual payment amount may vary depending on various factors such as interest rates and taxes. It's always a good idea to consult with a financial advisor or lender to get a more accurate estimate of your mortgage payments.

The Set App for Networking With Other Real Estate Professionals

Networking is an essential aspect of real estate, and building relationships with other professionals can help you grow your business and achieve your goals. The Set App from SetSchedule offers a platform for networking with other real estate professionals, making it easier to connect and collaborate with industry peers.

Connect With Other Professionals

The Set App offers a user-friendly platform that allows real estate professionals to connect. You can search for other professionals in your area or within your specific niche, and connect with them directly through the app. This feature allows you to build a network of contacts, which can help you find new business opportunities and stay up-to-date with industry trends.

Access Valuable Resources

The Set App also provides access to valuable resources and information for real estate professionals. The app features a resource center with articles, videos, and other educational content designed to help you improve your skills and stay informed about industry news and trends.

Collaborate on Projects

The Set App also offers collaboration tools that allow real estate professionals to work together on projects. For example, you can use the app to find a partner/s and create teams for a joint venture or collaborate with another professional on a specific property transaction. This feature can help you expand your business and reach new clients.

Enhance Your Professional Profile

The Set App allows you to create a professional public profile, which can help you showcase your skills and experience to other real estate professionals. You can include your professional bio, a list of your skills, and your contact information. This feature can help you establish yourself as an expert in your field and attract new business opportunities.

Standing out from the crowd is also even made possible through the help of the add-on feature SetSchedule RED.

Getting More Work Done With Taskable by SetSchedule

As a real estate professional, you have a lot of tasks to manage. From client meetings to property viewings to administrative work, there are many things to juggle. Taskable by SetSchedule is a platform that can help you manage your to-do list and stay organized, allowing you to get more work done.

Organize Your Tasks

Taskable allows you to create a to-do list, which can help you stay organized and focused on your priorities. You can create different categories for your tasks, such as client meetings, property viewings, or administrative work. This feature allows you to separate your tasks and prioritize them based on their importance.

Set Reminders

Taskable also allows you to set reminders for your tasks. You can choose to receive notifications on your phone or email, ensuring that you never miss an important deadline. This feature can help you stay on track and complete your tasks on time.

Collaborate With Your Team

Taskable also allows you to collaborate with your team members. You can assign tasks to other members of your team, or share your to-do list with them. This feature can help you delegate tasks and ensure that everyone is working together towards a common goal.

Integrates With Other SetSchedule Tools

Taskable integrates with other SetSchedule tools, such as the SetSchedule CRM and the SetSchedule calendar. This integration allows you to manage all aspects of your business from one platform, reducing the need for multiple tools and applications.

Takeaway

SetSchedule offers a comprehensive solution for real estate professionals to manage their business tasks efficiently. With features such as Rentastic for accounting, The Set App for networking, and Taskable for task management, SetSchedule streamlines real estate operations, making it easier for professionals to focus on growing their businesses. Additionally, the platform offers collaboration tools and resources to enhance your professional profile and stay up-to-date with industry trends, providing a one-stop shop for all your real estate needs.

Message has been sent!