Managing properties for homeowners can become challenging when property managers have to address requests pertaining to financial transparency. Property homeowners often seek updates regarding the amount of expenses they are likely to incur and the potential income that their properties will generate.

Property managers often operate multiple Short-Term Rentals for different property homeowners. They handle bookings and expenses and send payments at the end of each month. Therefore, manual collaboration with homeowners becomes quite challenging. While recognizing these difficulties, Clearing has made working with homeowners much easier by offering enhanced collaboration functionality.

With Clearing’s exciting new feature, you can invite property homeowners to monitor financial activities regarding their properties. This streamlined approach ensures that keeping financial activities transparent for homeowners is as simple and effective as it can be. This not only helps property managers of Short-Term Rentals ensure financial transparency, but it also helps save valuable time and effort, which can be used to scale the business or build more homeowner relationships.

Property homeowners who accept the invite into Clearing will get their own portal so they can log in to Clearing with specific credentials they create. From here, they can access and download their owner statements. More features will become available to owners as we develop the owner portals.

Clearing has made inviting multiple property homeowners a simple and intuitive process that can be completed within seconds. To invite your property homeowners, follow the steps below:

To invite property homeowners, first, you must log in to your Clearing account. To proceed, enter your email and password and then click the “Log In” button. If you don’t have a Clearing account, click the “Get started” button and complete then submit the signup form to create an account.

Once you’ve logged into your Clearing account, click the profile menu option in the bottom left-hand corner and then click “Team”.

When you click on the “Team” option, the “Team Management” panel will pop open. To proceed, click on the “Invite A New Member” option.

You will be required to choose a role for the member you want to add. From here, click the “Homeowner” option. Please note that members with this role will not be able to perform any edit action. They will be able to access and download their owner statements (that you have marked as published) and enter their bank account information if you wish to pay owners directly from Clearing.

After selecting the owner, the system will pre-populate their first name and email address based on their information you saved. You can edit both their first name and email address prior to inviting them.

After choosing the appropriate role and verifying their information, all you have to do is click the “Invite Member” button. When you do, an automated email will be sent to the property homeowner.

It is important that they open this email within 2 hours to setup their password. The link expires after this timeframe. You can always go back to Team and Resend the invitation email.

To manage multiple property homeowners, you can access the “Team Management” panel.

From here, you can see all the property homeowners you’ve added to the team. You can check their level of access, block access or resend the invitation email.

That’s all you need to do to invite property homeowners to Clearing. When the homeowner accepts the invite, they will be able to see all the financial statement updates for their Short-Term Rental properties.

See how easy keeping financial activities transparent for home owners with Clearing is? So, what are you waiting for?

Get in touch with us now and learn more about how Clearing can help you automate bookkeeping operations, ensure financial transparency, and scale your Short Term Rental business.

Be sure to check out our knowledge center for the most up-to-date tutorials and setup instructions that can help you automate your financial management and trust accounting operations with ease.

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