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Will Owners Go Paperless?

By
Property Manager with HomePointe Property Management, CRMC 00691121

Some property managers are telling their clients that they must now receive their owner statements via email and owner proceeds checks via ACH (direct deposit).  This is a "go green" proposition and money saving for all as it reduces delivery costs and speeds delivery of both statements and funds.

I am curious what you think of the idea of forcing that issue.  A property management company may lose some older and institutional clients by going completely paperless.

HomePointe offers both methods at this time.  But, certainly "going green" has its merits if every client does it.

Posted by

Robert A. Machado, CPM, MPM

HomePointe Property Management

Sacramento, Yolo, El Dorado, and Placer Counties

We manage residential and commercial property.

916-429-1205 x 105

rmachado@HomePointe.com

Comments (3)

Diane Rice
Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL - Lansing, IL
SFR, SRES, CNC

In my opinion, you'd have to have both and give tenants a choice until we completely transition with the times....  Think about it, in 20 - 30 years, the youth will be asking a question...."what is paper?"  

Oct 22, 2009 01:20 PM
Robert Machado
HomePointe Property Management, CRMC - Sacramento, CA
CPM MPM - Property Manager and Property Management

I have to agree, we in a transition right now and have to serve both to serve the market.

Oct 22, 2009 03:49 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I've been headed that direction for the last few years....I can e-sign leases and management agreements and I am working toward e-mailing financial statements AND ACH for disbursements.

I already get over half of my vendor bills via-email and have NEVER provided copies of invoices or receipts to owners.

My GOAL is to continue to use the current file cabinets I have now as I continue to grow and increase management portfolio...culling past property/lease files at the end of the year helps with this goal!!

Oct 22, 2009 11:09 PM