Feature Release: Ensure Financial Transparency by Inviting Property Homeowners to Clearing

Invite multiple property homeowners into Clearing to streamline accounting operations, increase collaboration, and ensure financial transparency.

August 16, 2023


Feature Release: Ensure Financial Transparency by Inviting Property Homeowners to Clearing

A property manager is a real estate professional who works on behalf of the property owners. They manage assets for property homeowners or investors, and keep track of their financials throughout the management contract period. Property managers dealing with multiple homeowners often face significant challenges when it comes to keeping financial activities transparent for each homeowner or real estate investor. Our new product feature makes this easier, by allowing property managers to address these challenges and invite homeowners into their software for controlled access to financial information.

Challenges pertaining to financial transparency begin to arise when homeowners want constant and accurate updates from their property manager. Not all homeowners will look for this, but when they do, it is important to have automated systems in place for being able to provide these details. Many homeowners will want to know the expenses they need to pay, what gross profit they can expect from their assets, and further financial details related to your operations. Being able to provide the details efficiently can be a very challenging task.

As stated, it is common for property managers to operate the Short-Term Rental properties of multiple homeowners at the same time. This means that the control and completeness of financial information dramatically increases as they need to be sure not to mix funds, and account for each homeowner specifically (as per that homeowners desires).

Due to these challenges, Clearing wanted to provide a solution to make a property manager’s life easier, when dealing with multiple homeowners. We are excited to announce that Clearing now allows property managers to invite any or all their homeowners into their financial management platform with controlled access.

With the ability to invite homeowners into Clearing, Short-Term Rental property managers can fully control which properties and what set of financial information, each specific homeowner has access to. This not only makes collaboration with homeowners automated and efficient, but it also ensures financial transparency and maintains the privacy of the homeowner’s assets. Each property homeowner has their own access and is able log in and view all the financial details of the properties they have access to.

So, if you’re looking to ensure financial transparency with ease, Clearing is the solution you need!

We’d be happy to offer you a free personalized demo of this functionality, so you can see how simple and intuitive it is to invite property homeowners into your workspace.

Get in touch with us today and see how we can help you keep property homeowners happy.

Stay up to date with all our product updates and be the first to implement exciting new features that help you streamline your Short-Term Rental bookkeeping, trust accounting, and financial management operations.

For step-by-step instructions on how to set up new homeowners in Clearing, see the associated knowledge article.

Clearing is a Financial Technology Company, not a bank. Deposit Accounts are issued by Evolve Bank & Trust, Member FDIC.

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