It never ceases to amaze me the number of agents, landlords and property managers that still use paper applications.
In my last 2 posts I covered how paper applications can complicate Fair Housing compliance and the create personal data security problems.
Today we will look at how time consuming paper applications are and how they make your business look antiquated.
Paper applications, whether they are handed out or a downloadable pdf, require the agent/owner/ property manager to enter all that information into the background screening program. (If you are not screening your prospective tenants, then you are just asking for big trouble.)
Typically this can take up to 10 minutes or more per application, which adds up when you have multiple vacancies.
Paper applications are usually accompanied by paper checks or credit card information application fees that need to be written out and then entered into a payment system, again requiring even more time with data entry.
Still not convinced? Do you still feel that all this paper and redundant data entry is really not that big of a deal?
Then consider the image that you are portraying to your prospective tenants. If you are using paper applications and collecting fees with paper checks you are giving people the impression that your business is not up to date. What are going to think about your property and its maintenance?
Using a reputable online application and screening company makes sense on so many different levels. The amount of time you save and the how you present yourself and business are just two reasons to switch.
Jay Apple is co-founder of TenantMagic www.tenantmagic.net, an online rental application and background screening provider that is free to real estate agents, property managers and landlords.