Calonex has launched a new property manager mobile application that lets landlords do less work, experience far less inconvenience, and maximize property earnings.
“Being a landlord isn’t as simple as collecting rent at the beginning of each month. At a time like this, when businesses grapple with a raging pandemic, innovative property management software is key to keeping the business afloat and thriving. That’s where Calonex comes into the picture,” a representative of the company said in a statement.
Calonex gives the Private Landlord complete insider information on the rental, financial, and work histories of every rental applicant. The CX Score will show payment history, good payment behavior, deposit, work status, and time length at residence.
While the post-pandemic era has seen a surge in demand for apartment and family rentals, the renting game has been tricky in this environment. Equifax, Experian, and TransUnion, the three major credit bureaus, allow high-volume landlords to report their rental payments directly to the credit bureaus every month.
However, property managers need to generate a high number of payment records to start reporting. For instance, Transunion requires at least 100 accounts before they can report tenant data.
“This does not work for every Landlord, especially the ‘Mom & Pop’ property managers who have one room, one unit, duplex, triplex, multi-unit home, etc.,” the representative explains.
This is where Calonex becomes a game-changer in the industry. The new landlord app’s easy-to-use reporting simply records the tenant’s behavior – if tenants paid on time, returned the deposit, etc. While technically credit bureaus record opinions, Calonex records the hard information, and the Landlord can interpret the information according to their policy.
“Calonex gives property managers fast, thorough applicant screening and easy access to important documents securely stored in the cloud. It lets tenants pay rent online with late fees automatically added, run income and expense reports,” the representative explains.
The innovative app prevents landlords from signing a lease with a renter who disappoints and leaves them with significant expenses. This impressive feature allows landlords to reduce costs and the amount of work they have to do each day.
The rental property software allows tenants to make payments while never having to meet anyone or accept cash.
“It’s the safest, easiest way to operate during COVID-19 where social distancing protocols are in place,” the representative says.
Calonex also enables landlords to conveniently manage multiple properties entirely from their phones. They can run their properties without driving to the office or fire up their home PC.
The software also builds financial expense and income reports so property managers can quickly gauge how their business is progressing. They can also supply Calonex financial reports to their accountant or bookkeeper for faster, easier, and complete service.
“We built Calonex from the ground up to be the perfect management tool for property owners. This is just what you need to run your single-rent house or multi-family complex,” the representative adds.
With Calonex’s official launch set on October 24th, the company has rolled out a pre-sign-up special. Users will receive 20-40% off the regular price to sign up and get the complete Calonex Landlord Library E-Packet with landlord tax tips, helpful screening tips, Top 10 New York Rules Every Landlord Must Know, and the 10 Costliest Landlord Mistakes.
Calonex is composed of a team of experts in Real Estate, Computer Science, and Marketing. Calonex has a combined over 20 years of real estate experience with the ups and downs of being a Landlord, tenant, and Broker.
Those who want to learn more about Calonex may visit its website for more information.