monitoring multiple tenancy payments

[Peter Griffin]

Happy New Year,

I would like advice on monitoring multiple tenancy payments. I currently check my bank account on a weekly basis to ensure that all rental payments are made. I find this tedious and believe there must be a Xero product, an APP or another system that alerts me if rental payments are made or aren't. I have 18 tenancies that I monitor/manage. Any advice from Property managers or other Landlords would be appreciated.

Thanks


P.G

[Keys]

Weekly? Try daily.

[Nick G]

There are software applications that hook into bank accounts. Maybe Tenansee will do what you want. I'm sure there are others.

[Peter Griffin]

Thanks Nick. It seems (with a quick look at the site) that this software has the applications I may need.

[Peter Griffin]

I said weekly but you right, it's more like daily

[Peter Griffin]

Does anyone else have any other methods of monitoring multiple tenancies, other then Nicks?

[Rosco]

Use a property manager? Otherwise there are a lot of property management software like Pocket Rent, which doesn't seem too bad from a glance and integrates with Xero. If you google property management software nz it will bring up some options like re-leased, rent master etc. No idea how good they are.

[Nick G]

Tenansee didn't work? It seems very cheap at $30 per month. 18 tenancies assuming $500pw rent on average would cost you around $3K each month so it can't be a cost issue.

[Peter Griffin]

Appreciate the advice on the monitoring.

P.G

[Lighthouse]

You could try Palace with that number of properties.