Rent Manager
Rent Manager ensures hassle free rent collection & helps owners to self manage their rental properties.
Created on 13th December 2020
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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