Escrow Trakker for Landlords

Escrow Trakker for landlords

Escrow Trakker For Landlords - Taking Back Control

We all get to the point in life when we just need to stop and take back control of what’s going on around us. As if managing rent schemes, tenant interviews, property search, and property repairs weren’t enough, there’s also escrow to track, brilliant…

Escrow tracking is a chore and with the regulations varying from state to state, for example, some states do not require a landlord to hold a tenants deposit in an escrow account, however, some municipalities within these states do require Landlords to hold deposits in escrow, they can be complicated and time-consuming to manage.

The State determines if the escrow account needs to be held in the same location as the property is located, which if you own properties all over the country can be a true life suck. Then the day comes that your tenant moves out, and you can’t remember which bank you used, or which account, or even how much the deposit was for that property, the panic starts to set in.

It’s time to take back control.

Tracking escrow accounts

Even if you were able to use the same bank account for every tenant’s escrow deposit, there would still be a level of confusion whilst tracking the deposit amounts against what tenant and property they are for. Another option is using an Excel spreadsheet as a tracker, but does anyone really have the time to maintain Excel?

You could pay an Escrow Officer, but they don’t come cheap and do you have that money to expense? You could do it yourself, but what if you make a mistake? Tracking escrow accounts have a high level of compliance required, plus numerical knowledge which accountants are used to –Are you?

Escrow Trakker for landlords

Escrow Trakker for Landlords is a modernized way of tracking your Escrow accounts, with the capability to track between 1 and 25,000 tenants with ease. The program is simple to use, works on multiple platforms and devices, is accessible anywhere, at any time, and all data is saved to the Cloud, giving you back the control you’re after.

Reporting is also done straight from the same app, you can pull reports on any information you may need at a moment’s notice.

Examples of reports this app can create include:

  • Individual tenant, property, and account information combined.
  • For individual tenantinformation.
  • For entire property information.
  • Print detailed tenant escrow disclosure statements to provide to tenants as required in many jurisdictions.

Why wait?

We are all creatures of habit, I know, but some things are worth taking the leap for. Escrow Trakker for Landlords is one of them. One of the best features of this programme is the unlimited cloud-storage space included in the subscription, anything you need or want to store will be stored –Forever.

The program also has measures in place designed to keep you compliant, if you try to overdraw an account, customer, or job you will be notified before you can move on, ensuring that you remain within the law.

Take back control and make life easier for yourself, we all need time for self-care. Escrow Trakker is efficient, accurate, and most of all ahead of the game, giving you the time you need.

Download the app today!

Related Articles

App Features

MORE BLOGS
Skip to content