Owning or renting a home comes with a lot of bills. Before a tenant moves into your rental property or shortly thereafter, they’ll be expected to set up all bills and utilities in their own name. These bills may include, but are not limited to: electricity, gas, internet, phone, and cable. After spending countless frustrating hours on the phone with all these different companies setting up personal accounts, your tenant will probably end up calling you to sort through everything. It’s not an easy process, and it’s time-consuming. But it doesn’t have to be! Wouldn’t it be great if a tenant could move in and the transition was seamless instead of messy and complicated? At Specialized Property Management Dallas, we strive to make things as easy as possible for our Dallas property management owners. That’s why we’ve teamed up with SimpleBills to provide quality, affordable utility management to both tenants and property managers, which is especially helpful in light of the current COVID-19 pandemic. Dallas owners can enjoy many benefits with this new service.
Benefits to Property Owners
Reduce Tenant Turnover Costs
If you’ve been in this industry a long time, you probably already know that the longer a tenant lives at your rental property, the more money you save. When you have high tenant turnover, you end up losing money during vacancy days and also in the transition period between tenants. While you do everything in your power to keep a tenant from moving, sometimes they have to due to job changes or life milestones. Your property can sit vacant for a month or more, costing you money and hassle. You’ll also have to shell out cash to market the property and keep the utilities on while the home is being shown. SPM’s new partnership with SimpleBills allows you to reduce utility turnover costs, saving you $200/per vacancy.
Eliminate Utility Provider Late Fees
You may not be able to lease your rental property as quickly as you’d like to, meaning the utility bills don’t get paid right on time in between tenants, incurring a late fee or multiple late fees for which you’ll then be responsible. SimpleBills effectively eliminates utility provider late fees so you won’t have to worry about them, saving you money every year that you can put into other ventures.
Eliminate Account Turnover in Dallas Property Management
When a tenant moves out, there is a lot of back-and-forth between you, your tenant, and all the different utility companies. It goes something like this:
- A tenant moves out, so they call all the utility companies and ask them to end their service and take their name off the account. They get back the deposit they gave the provider initially.
- You call the utility companies and ask to put all the bills in your name until you find a new resident with a deposit. You’re responsible for the bills until the next tenant moves in.
- A new tenant moves in. They have to call all the different companies to set up utility accounts in their name and put up utility deposits for each service.
- After one year of living at your property, your tenant decides to move out, and has to call all the utility companies again to end their service and get their name removed from the property and get their deposit back.
- Then you call to get all the utilities back in your name and the lengthy, complicated process starts all over again!
With SimpleBills, all of the utilities are kept in our name, which ensures utilities are always on and there’s not so much back-and-forth. That means your tenants will receive one bill under the name of “Specialized Property Management Dallas” and you won’t have to be involved in setting up accounts or helping the transition between tenants. SimpleBills allows property managers to get back hundreds of dollars per year per home that they were losing through the turning on/off process.
Let SimpleBills Handle the Monetary Collection
Tenants pay their utility bills online or with the SimpleBills app, so they don’t have to worry about getting different bills in the mail from multiple providers and paying in numerous ways. SimpleBills will bill and collect directly from residents to make things easier for everyone involved. They also issue cost saving estimated final bills (EFBs) prior to move-out, resulting in the best possible outcome for property and residents alike.
Property Managers: Dallas Asset Protection
When you’re showing your rental home to potential tenants, it should be a relaxed and comfortable experience. In the blistering Texas summer heat, the air conditioner needs to stay on, or your home can suffer temperature and humidity extremes. This can lead to mold growth and other problems. During the few months of colder weather in Dallas, pipes can freeze if the heater is off, which can cause serious damage to your rental property. With SimpleBills, the utilities in your rental home will always be on, which prevents damage and ensures your Dallas property management investment.
Benefits to Tenants
No More Utility Deposits
Tenants will be thrilled that they don’t have to put up multiple deposits to various providers just to get their utilities set up. They can save anywhere from $150-$400 with SimpleBills by moving in and having things set up already.
Education and Conservation Information
Tenants will get information from SimpleBills on how they can improve their gas, electric, and internet usage to pay less overall each month. More money saved = happier tenants in the long run = happy property managers in Dallas.
All Utilities on One Statement
Say you have a single-family home that you’ve leased to four college students and they’ve separated the bill-paying responsibility among themselves. One may pay the gas bill, while another takes charge of the electric bill, and the other two are in charge of the internet and cable bills. That may sound like an even spread, until the person responsible for electricity just “forgets” one month! Relying on others to pay their fair share can make the living situation less than ideal from time to time.
With SimpleBills, Instead of receiving different bills from each utility company, your tenants will receive only one invoice with all of their utilities listed on it. SimpleBills will split the bill among the number of roommates, allowing each person to pay an equal portion. No one will have the excuse of, “I don’t know how much I owe!” anymore. On monthly statements, each tenant will be able to see who has not paid their portion so it keeps tenants accountable.
Additional Benefits
Before moving in, tenants can complete their SimpleBills account so everything is set up and ready to go. SimpleBills will send your tenants a notification when the first bill is available. They’ll also get monthly reminders when a bill is due, so it won’t slip their mind. Tenants can easily pay online or with the SimpleBills app. With a highly rated customer support system that tenants appreciate, your tenants will be happier and stay in your rental home longer.
Why Choose Specialized Property Management Dallas
Specialized Property Management Dallas is committed to reducing the headaches and costs that come along with vacancies, and we believe partnering with SimpleBills does just that! It streamlines the monthly billing process for tenants and allows them to move right in after signing a lease without a single phone call to establish utilities or pay utility deposits.
We have over 30 years of experience in the property management industry, and we’re always looking for ways to improve our proven processes and systems. As the leader in Dallas property management, we want you to let us handle the day-to-day operations so you can have more time for the things you enjoy. Owners appreciate our affordable comprehensive rental management services such as:
- Faster Leasing
- Effective Marketing
- Thorough Tenant Screening
- Online Rent Collection
- Local Expertise
- Cost-effective Maintenance
- 24/7 Reporting
- Regular Property Inspections
- Legal Expertise
- Transparent Communication
- And 100% customer satisfaction!
Here’s what some of our customers had to say about their experience with our team:
“Specialized Property Management brings peace of mind and tremendous value to managing my investment homes, which included a townhome and a single-family home. I’ve used them for over 7 years and left them to manage my property while living out of state. Their level of professionalism, web tool, and dependable customer care makes things easy on both me as the homeowner and tenants. The management team also delivers the highest quality of seamless care and responsiveness for maintenance and leasing needs. They also bring quality tenants that stay for years! Thank you for your exceptional support, Specialized Property Management!”
– Google Review from L P
“SPM has been managing my homes for the past couple of years and they have done it outstandingly. Even in this trying times, they managed to lease a home in under a week. I look forward to many more years of a fruitful relationship with SPM.”
– Google Review from Gerardo R.
Let Specialized Property Management Dallas make your life easier with our effective property management services! We have helped thousands of property managers in Dallas maximize their profits while minimizing their headaches. Click here for a comprehensive list of all of our Dallas property management services! Contact your Specialized Property Management Dallas team today at 214-233-7572!
