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 features, 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, and there are options to allow owners to view reports, update their calendar, and more.
Inviting Property Homeowners to Clearing
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:
Step 1: Signup or Login
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.
Step 2: Navigate to "Assets & Owners"
Once you've logged into your Clearing account, click on the Assets & Owners tab in the left menu bar, then navigate to the Owners section.
Step 3: Click "Invite owners"
When in the Owners section, click the Invite Owners button to begin.
Step 4: Options for Inviting Owners
Not Invited tab
Under the Not Invited tab, you'll see all owners who haven't been given portal access yet. From here, you have multiple options:
Send an individual invite — The owner receives an email with a link to create their own account and password.
Bulk send invites — Bulk invite all owners at once.
Create account — You set up a portal account on the owner's behalf and assign them a temporary password. The owner can reset their password after logging in under their settings.
Invited (No Account Created) tab
Under the Invited (No Account Created) tab, you can see all invites that have been sent but not yet accepted. From this screen you can:
Resend the invite — Send the email again if the owner missed it or the link expired.
Copy the link — Copy the invite link directly to send to the owner yourself (text, email, etc.).
Delete the invite — This removes the pending invite and returns the owner to the Not Invited tab, where you can re-invite them or create their account instead.
Invited (Account Created) tab
Under the Invited (Account Created) tab, you can see all owners with active portal accounts. This view also shows whether each owner has added their bank account information. From here, you can fully remove an owner's portal account if needed. Note: removing their account does not delete the owner from Clearing.
Step 5: Ensure Financial Transparency With Ease
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.