What is a Driven Process?
February 14th, 2:30 PM CSTCollecting revenue is a crucial aspect of leasing property. There are many property management software packages on the market, but none of them actually drive the process of collections. They store payments, and provide reporting information. But they don't drive the process of getting your money.
A tenant pays a dozen or more bills each month, and he does so with the aid of a statement received from his vendors. Yet his biggest monthly expense - his lease - is handled in a very manual fashion. He receives no statement; he must remember to hand deliver or mail a check to his leaseholder.
DoorSwap drives the collections process by first sending a statement to the tenant. It can be a paper statement with perforated tear-off and return envelope, all of which are printed, stuffed, metered, and mailed by the DoorSwap mailing house. Or it can be an email statement, formatted as you choose. The next level of collections is a late notice, which can also be paper and/or email. And the system can charge late fees. A structured predictable collections process trains your tenants to pay on time, and a monthly statement causes them to pay quicker.
And a driven process is not just Net terms with a statement. The Assured Revenue service can automatically draft tenants' bank accounts each month for their lease, or charge a credit card. Or your tenant can go online to the Assured Revenue web interface and pay by bank draft or credit card. Your tenant's money goes directly from their bank account or credit card to your bank account. A pre-draft notification can be sent to your tenants to remind them of upcoming charges. You can literally sit on the beach and watch your revenue being collected.
There is a world of difference between a system that supports a goal, and a system that drives a goal. The team that created Assured Revenue's DoorSwap expects this difference to change the way people lease properties.
For information on using DoorSwap Property Management Service, contact Assured Revenue Corporation at 662.341.2455, or email info@doorswap.com.