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Rent Manager

Rent Manager ensures hassle free rent collection & helps owners to self manage their rental properties.

Created on 13th December 2020

R

Rent Manager

Rent Manager ensures hassle free rent collection & helps owners to self manage their rental properties.

The problem Rent Manager solves

Typically PG owners / owners who have rented out multiple properties, often face lots of challenges with respect to tracking & timely collection of rents.

  • Too much time spent on communication - starting with broadcasting rents, following up, co-ordinating & acknowledging receipts. 
  • Some tenants would require regular reminders.
  • Keeping track of multiple rents.
  • Most importantly, missing out on EMIs and other financial commitments, as rents usually are never received on time.

The challenges are much larger for PG owners, where Owner:Tenant ratio is significantly higher.

Rent Manager not only ensures hassle free rent collection, but also provides a way for owners to self manage their rental properties by

  • Reaching out to every tenant towards the beginning of the month with payment links
  • Automatically tracks status of the rent and sends periodic reminders.
  • Provides invoice that can be used for income tax declaration.
  • Owners are “1-click away” to manage and audit their multiple properties.
  • Plethora of payment options like UPI, Wallets for the tenants to pay out rent.

What used to be a 7-10 step process for Owner, could be achieved with one click now.

Challenges we ran into

Prem - Had to learn Android from Scratch to build the MVP.
Sathish - Hacking with toddler in the house was fun :)

Payments is totally new domain for us and colloborating with each other across different timezones was challenging and exciting.

Technologies used

Discussion

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