Rentomatic.com: Property Management, Rent Valuation Tool, Services of The Future?

Rentomatic Rentometer - Allison Atsiknoudas - CEO

CEO Allison Atskinoudas Rentomatic.com

Would you trust this woman by paying or collecting your rent online? CEO Allison Atskinoudas is betting you will and she may be absolutely right.

Rentomatic.com is a site that claims to be a simple alternative to property management, collecting payment for rent, and attaching value to rental properties in order to set a fair market rental price. The ease and convenience of such a system seem obvious; but overall does it work and if so what’s the catch? To find out more about the company go here

Webby Nominee in Real Estate category

How did I find Rentomatic.com? Their site was nominated for a Webby Award in the Real Estate category. This is an extremely high honor and speaks to the validity of the business, the site’s traffic and design, and the legitimacy of their business model. Zillow.com won the award but to be nominated is an honor

Online Rent Payment System

Only $5 per month per lease they bill tenants, electronically deposit the rent into the landlord’s account through their acceptance of e-checks, paper checks in 24 states and soon credit cards

Features: Advertising:

— Manage all your online advertising in one place
— Connect your ads to your property data
— Create a homepage for yourself or your business
— Create online property listings
— Automatically post listings to Google Base, Backpage, Oodle, and Rentometer
— Easily post your formatted listings on Craigslist
— Reporting of how many times each ad is viewed

Features: Property Dashboard

— See all your data at a glance
— Quick access to the actions you need
— Automatic alerts let you know what needs your attention
— Advanced reports show portfolio summary information

Features: Leases and Tenants

— Manage lease details
— Secure online tenant accounts for billing, payments, messages, and maintenance
— Supports multiple tenants for one unit
— Rent due and lease renewal reminders
— Tenant address book
— Custom notices

Features: Income and Expenses

— Works with our Online Rent Payment system for automated billing and tracking
— Export data to spreadsheets, and soon to Quickbooks
— Reports include: income and expense, monthly cashflow, Schedule E tax
— Tracks Loan-To-Value and net worth
— Automatic portfolio valuation
— Interface is built for easy manual entry

Rentomatic Plans

1. $9.95 per month up to 5 units

2. $24.95 per month up to 25 units

3. $59.95 unlimited units

Final Final

It is too soon to tell how Rentomatic.com will impact the market but the offering is robust, features and benefits indisputable, and business model built for our Web 2.0 world. Like any new system, the kinks will be worked out and process refined as the system becomes more seasoned.

One Fix in Progress: the rentomatic.com widget, an incredibly useful tool that could be part of sites for Realtors, property, neighborhood, city or towns, relocation sites, travel or college sites, needs to be made smaller. Right now it takes up too much precious sidebar space but tweaks are in the works to produce a minimized version.

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