Another amazing success story in the books! Meet Eddie, the inspirational investor behind EB Homes & Properties, a Kansas City-based real estate investment company that experienced major growth in its operations and efficiency with TenantCloud. 

The Challenges

Before TenantCloud, Eddie faced significant challenges managing his rental properties remotely. From distributing and collecting rental applications to handling leases through pictures and snail mail, he found that these manual processes were too time-consuming and inefficient.

He also struggled with tasks like lease management—with his team distributing and collecting rental applications and leases manually, delaying the move-in process and increasing the risk of errors. Like many property managers, Eddie knew there was a better way.

The company also relied on QuickBooks, which wasn’t tailored to property managers. This made it difficult to track expenses and manage financials effectively. He constantly tried new financial software, hoping to find one that clicked.

“I struggled for years to find good accounting software. Even after spending months documenting expenses on QuickBooks and tagging expenses for different houses, it was simply not tailored to property managers.”

A Change for the Better

In 2018, Eddie’s team adopted TenantCloud, initially using it to record rent payments and send out leases electronically. Since he managed properties remotely, he was looking forward to an easier leasing and payment process. Eddie and his team noticed the most significant time savings by implementing eSignatures right away. Over time, Eddie integrated TenantCloud’s accounting features, excited about using a financial system catered to his real estate needs.

Positive Results

With TenantCloud’s suite of tools, Eddie was able to overcome significant challenges. By using the online applications feature, his team was able to streamline the entire leasing process and say goodbye to manual processes.

A nice surprise for Eddie was the built-in accounting system designed specifically for property managers and the simplicity of TenantCloud’s online payments.

“TenantCloud’s accounting system is amazing and the perfect solution for keeping track and organizing all the expenses that come along with managing rentals and managing remodel projects.”

Key Results

TenantCloud’s features have significantly improved business operations for EB Homes & Properties. Not only has his team completely improved their application process, they’ve also benefited from these features:

  • Improved Efficiency: Tasks like running credit checks, sending applications, and managing leases became faster and more organized.
  • Enhanced Accounting: Tailored accounting tools provided clear expense tracking, detailed reports, and simplified tax preparation, all in one place.
  • Tenant Satisfaction: This transition also improved their tenants' lives. They enjoyed the convenience of TenantCloud and being able to make payments electronically.
  • Better Reporting: Accurate reporting improved communication with tenants about payment histories and aided in financial planning and tax preparation.

Looking Ahead

EB Homes & Properties continues to explore TenantCloud’s features, with plans to integrate maintenance management tools in the future. They are excited about TenantCloud’s ongoing updates and the potential for further streamlining their business operations.

“I am super thankful for TenantCloud. They have helped me tremendously in my business. I look forward to many more successful years ahead!”

Thank you for choosing TenantCloud. We appreciate you!

Ready to level up your business like Eddie? Explore TenantCloud today and see how we can transform your business!