Hemlane vs. Rentec Direct: Which Software Do I Pick?
Picking a property management software can be overwhelming when there are so many options available when searching online. This is why we have created these articles to provide you a checklist of what each platform has to offer!
This week, we’ll investigate and compare the features offered between two property management softwares you keep hearing about: Hemlane and Rentec Direct.
By the end of this article, you'll have the knowledge needed to make a smart and informed decision when deciding which platform is best for taking care of your rental property!
Compare for Yourself!
Features | Rentec Direct | Hemlane |
---|---|---|
Rent Estimator Tool | No | Yes |
Listings on Partner Sites | Yes | Yes |
Custom Listing Page | Yes | Yes |
Applications | Yes | Yes |
Application Recommendations | No | Yes |
Tenant Screening | $45 paid by you | $40 paid by applicant |
Online Rent Payment | Yes | Yes |
Automatic Late Fee | Yes | Yes |
Automatic Payments | Yes | Yes |
Bank Accounts | $15 per additional accounts | Unlimited |
Maintenance Tickets | Yes | Yes |
Repair Coordination | No | Yes |
24/7 US Based Call Center for Coordination | No | Yes |
Network of Service Professionals | No | Yes |
Financial Reports | No | Yes |
Lease Agreements + Other Documents | No information | Yes |
Network of Leasing Agents | No | Yes |
More Than Just Tracking and Recording Repairs
When it comes to taking care of your property, one major determining factor you should consider is the platform’s ability to manage and track any repair requests for your rental.
Both Hemlane and Rentec Direct provide you with an effective way to track incoming requests from your tenants and to assign them to your service professionals. By providing you with a way to communicate with the tenants and service professionals while recording any information relating to the repairs, you can ensure the work is completed in a timely manner.
How do the two platforms differ in how maintenance and repairs are handled?
Hemlane takes repair requests one step further and can take coordination off your hands! Spend less time on the phone with tenants and service professionals coordinating the fix, and instead delegate these tasks to our team of repair coordinators who can get these repairs fixed on your behalf. From troubleshooting requests, to scheduling and coordinating repairs at your rental property, you can rest assured knowing that your property is taken care of by our US based repair coordinators at all hours of the day.
Did we mention that our coordinators are consistently rated 4.8 stars?
The clear winner of this category would have to be Hemlane! Hemlane is the best choice if you are trying to spend less time with the administrative tasks at your rental to allow you to use your time wisely. Give yourself a break from those 3AM repair calls and let Hemlane’s dedicated team take those calls for you!
Make Tenant Screening Easy and Accessible to Everyone
Tenant turnover happens at every rental property, this is why it is important for you to get your listings out to find your next tenant. With this in mind, both Hemlane and Rentec Direct can send your listings to their network of listing websites with just the press of a button.
Say goodbye to paper applications and see how both platforms can provide you with an effective way to organize and manage applications and tenant screening reports as they come through. The main difference between the two platforms would be the costs associated with these screening reports.
Rentec Direct's screening process allows your applicants to complete their tenant screening directly on their platform. The information on the reports vary depending on the screening packages you select. The costs of screening would then be billed to you directly. If you want your tenants to pay for the screening, you would be able to create an application fee for your applicants to reimburse you.
Hemlane's tenant screening provides you with a comprehensive report for any applicant you wish to move forward with. These reports are generated by TransUnion and cover a credit report, criminal background report, and eviction report to help you make your decision. These reports are requested and generated within the Hemlane portal and allow your tenants to submit the payments. In addition, both you and your applicant would receive a copy of the report for full transparency. Talk about a win-win situation!
Sign Agreements and Move in Tenants Quicker
While on the topic of new applicants - we know how exciting it can be when you find the perfect tenant who is eager to start living in their new space! To make it official, you will need to both sign off on the lease agreement. To make this step easier for everyone, both platforms provide a way to get these lease documents signed digitally through e-signatures. You can utilize their cloud storage to upload these documents on their tenant file and get them moved in as soon as possible!
Putting together a lease agreement can take time, especially if you lost your lease agreement template or need to add additional terms. Not to worry, Hemlane has you covered in this case!
If you’re looking to get a new state specific lease prepared for new or to renew a lease with your current tenant, look no further than to work with Hemlane. We’ve partnered with our friends at RocketLawyer to include access to creating leases, amendments, eviction notices and other legal documents. In addition to this, they also offer discounted legal advice for those signed up on Hemlane's Essential or Complete Package!
In my opinion, Hemlane is the clear choice in this category as we help you with not only finding the right tenants but also to provide you with a service to get the legal documents you need!
Which Platform is the Best for You?
Both of these platforms provide you with the opportunity to organize the information on your rentals and save you time through their automation capabilities.
In my opinion, Hemlane is the better option as our users can rest easy knowing their rentals are being taken care of 24/7. Hemlane provides you with the resources you need to select the best tenant from all the applicants. Once you have the lease ready and signed off, you can sit back and let our platform collect rent and watch as repairs are being coordinated at your rental in a timely manner.
But don't just take my word for it. Try Hemlane for free and see how you can spend less time managing your rentals and more time focusing on the things you love in life.
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