VerticalCloud Moves Closer to Beta Release of Highly Anticipated VerticalCloud for Landlords Online Property Management System

28. January 2012 · 1 comment · Categories: Uncategorized · Tags: , , , , , , , , , , ,

VerticalCloud Moves Closer to Beta Release of Highly Anticipated VerticalCloud for Landlords Online Property Management System











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Columbus, OH (PRWEB) January 21, 2012

VerticalCloud, a provider of complete cloud-based business solutions, announced today that it has achieved another milestone in the development and testing of VerticalCloud for Landlords, its highly anticipated online property management system expected for release to the public in June 2012. With laser focus on the user experience, the development team has engineered VerticalCloud with a keen eye for efficiency. In typical enterprise-Cloud IT development fashion, the owners of VerticalCloud have engaged residential property managers, landlords, and investors to participate in the user experience design of the software. The “voice of the property manager” drives the VerticalCloud for Landlords development and testing efforts.

The VerticalCloud for Landlords cloud-based platform was originally designed for the small rental portfolio owner, but was recently expanded to accommodate property management firms of all sizes.

Key features of VerticalCloud include:

Rental Advertising
Automated Rent Payment Processing (EFT, Credit Card, or Check Processing)
Tenant Screening & Background Checks
Management of Real Estate Documents
Dashboard View of Rental Properties
Tenant Portals and Community (“Meet your Neighbor!”)
Work Order Management Workflow
Email alerts and automated reminder phone calls to tenants
Landlord and Property Manager Community – Learn from one another!
Customizable Reports
24/7 Customer Support

“VerticalCloud for Landlords was designed to be the most user-friendly property management platform on the market today,” says Matt Angerer, CEO and Co-Founder of VerticalCloud. “We are able to offer more affordable price plans because our overhead is significantly lower than other property management software providers,” adds Angerer. “We have self-financed the development of VerticalCloud for Landlords without the need to take on outside investors. Therefore, we can pass the savings onto our customers – landlords and aspiring property management firms,” explains Angerer.

VerticalCloud and JMA Rentals LLC were unofficially formed in 2006 as a father/son venture to help market and advertise a small portfolio of family-owned rental properties. In early 2011, JMA ramped up its expansion efforts by bringing together technology leaders who have deep experience in online business software. “Our family was frustrated with the high cost of online property management systems on the market today,” explains Matt Angerer who owns and operates rental units with his father in Erie, Pennsylvania. “VerticalCloud for Landlords is a result of our frustration with high-cost, moderate quality property management systems. Our mission is to offer the most user-friendly system on the market at an affordable price point with the best customer service that a company can offer – 24/7,” adds Angerer.

“Small rental portfolio owners like me are expected to be on-call 24/7,” explains John Angerer. “I am the typical do-it-yourself type of landlord. I can’t afford to spend big bucks on property management systems that have 200 unit minimums or price gouge you on the ACH processing fees for online rent payments,” adds Angerer. “VerticalCloud provides the much needed balance that the rental property investment industry has been long awaiting in an online property management system. It is exactly what I needed and I’ve recommended RentCloud to anyone who owns rental properties,” concludes Angerer.

Balanced Web-based rental property software

VerticalCloud for Landlords, the first JMA Rentals SaaS product, has been designed to accommodate a myriad of rental property owners. The LandlordCloud was specifically designed for small and mid-sized do-it-yourself landlords. At $ 0.50 cents per unit, VerticalCloud for Landlords is the most affordable Web-based rental property software on the market today. It gives the do-it-yourself landlord exactly what he needs to get the job done. The best part is that it’s affordable and easy to use!

VerticalCloud for Property Managers is specifically designed for residential and commercial property managers. At $ 1.00 per unit, VerticalCloud for Property Managers balances all aspects of a property managers core functions like financials, reporting, tenant management, and work order requests. It’s familiar design and intuitive user experience puts landlords and property managers at the helm of their ship. Drill down reporting and customizable metrics define transparency for the property manager. You’ll find that VerticalCloud isn’t heavy on some system features and light on others. It is exactly what landlords and property managers need: balanced Web-based rental property software, in the cloud.

Headquartered in Columbus, Ohio, JMA Rentals LLC and VerticalCloud were founded by a team of technology and real estate practitioners with proven real-world experience in rental property management and online business software development. The synergy realized between the founders has resulted in the most affordable, balanced, easy to use, software-as-a-service known to rental property managers: VerticalCloud for Property Managers.

http://www.verticalcloud.com

http://www.jmarentals.com

http://www.rentcloud.net

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Apartment Building Owners, Real Estate Investors and Reluctant Landlords Are Experiencing A Very Robust Rental Market In Atlanta | REO Proformance Systems

15. November 2011 · 1 comment · Categories: Uncategorized · Tags: , , , , , , , , , , , , , , ,

Apartment Building Owners, Real Estate Investors and Reluctant Landlords Are Experiencing A Very Robust Rental Market In Atlanta | REO Proformance Systems












Metro Atlanta (PRWEB) November 15, 2011

Atlanta, GA | Like many urban centers in the U.S. – is continuing to see a surge in consumers who are renting rather than buying.

“With so many vacant properties – especially new homes, condos and townhomes – renters are getting much more for their money than they normally would,” says Barry Britt, Managing Broker for REO Proformance Systems – Coldwell Banker of Georgia’s top real estate team that focuses on Atlanta foreclosure and bank-owned properties in the metro area.

From 2000 to 2010 the new housing boom outpaced demand by more than 50% in the four major metropolitan Atlanta counties (including Cobb, Gwinnett, Dekalb and Fulton). In 2010 more than half of the 143,000 new houses, condos and apartments were vacant – most available for rent.

What does that mean for the renter? Great things of course. For renters there is much more competition for their business which means they do get more for their money. “We are seeing many owners of Atlanta foreclosure homes put those properties into the rental market,” says Sandi Beursken, agent and Chief Administrative Officer at REO Proformance Systems. “Owners of these properties such as financial institutions and mortgage companies, are aware of how challenging the real estate market is and, as a result, are looking to generate some positive cash flow for these non-performing assets.”

The recession and slow-moving, jobless recovery has created many more renters. “We know that home ‘owners’ are still the majority in the 28-county metro area, but renters are closing the gap,” says Britt.

However landlords and other property owners are seeing a dramatic increase in demand for rental property. This trend is resulting in both the stabilization of rents in some areas and rents INCREASING in others areas of Atlanta. “In other words, landlords are actually seeing an increase in rental income as a result of this tough economic climate,” says Britt.

But who are the new tenants? According to Britt these renters are potential home buyers who are choosing to rent rather than buy at this time OR other individuals or families who have damaged credit and cannot qualify for a home loan. “Mortgage requirements are so tough right now that many families simply can’t qualify,” says Beursken. In fact she adds that the number of families who would ‘like’ to buy but can’t qualify is a major reason for this dramatic increase in the number of renters.

As we all have learned with all bear markets, there IS opportunity. “There are so many compelling deals on the purchase of rental properties,” says Britt. “Our investor clients are searching and buying Atlanta foreclosure properties at remarkable prices – then getting renters in at a better rent rate than someone who bought rental property 4 years ago.”

In fact, the long-term prospects for the rental market in a major metropolitan areas like Atlanta is excellent. This shift will slowly trend toward more stabilized rents as the number of available rental properties continues to decline. “Much of the real estate boom in the Atlanta included properties such as apartments, townhomes and apartment,” says Britt. “As those properties become leased and fewer rental options are available, landlords will have more leverage over their rental rates.”

REO Proformance Systems is a Gwinnett County-based real estate firm that specializes in foreclosure and short sales in the Gwinnett and North Fulton areas.

You can search for foreclosure properties for sale in Alpharetta, Duluth, Lawrenceville and many other Atlanta foreclosure real estate deals on their web site. You can reach them at 678-318-7911 to investigate selling your home via a short sale or if you are looking to buy a distressed property.

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