Being a landlord, especially a part-time one, comes with its own set of challenges. Just ask Royce Yorgason, a “do-it-yourself” landlord from Minnesota, who juggles a full-time job, family life, and managing rental properties. He’s among the millions of small-scale landlords in the U.S. who understand firsthand how demanding it can be to maintain a healthy work-life balance while navigating the complexities of property management.
Traditionally, DIY landlords have lacked access to the sophisticated tools available to large real estate companies, despite managing a significant portion – 55% – of the rental market. The rental process, from finding reliable tenants to collecting rent, can be time-consuming and often frustrating. Recognizing these pain points, State Farm, the nation’s largest property insurer, has taken a proactive step to support these small business owners. Instead of creating solutions in isolation, State Farm has partnered with Rentalutions, a digital innovator in the rental space, to offer valuable online resources tailored for DIY landlords and their renters.
This collaboration signifies State Farm’s commitment to innovation and customer-centric solutions. Pat Culligan, Assistant Vice President – Marketing for State Farm, emphasizes this point: “Innovation is integral to improving the customer experience. Young, innovative companies like Rentalutions help State Farm meet the changing needs of customers by providing solutions that help life go right.” For State Farm, the relationship with Rentalutions is about more than just insurance; it’s about empowering their customers with tools that simplify their lives and businesses.
Rentalutions, established four years ago, offers an intuitive online property management platform designed to simplify the rental process from start to finish. This platform empowers DIY landlords to efficiently handle crucial tasks such as tenant screening through credit reports, creating and executing digital leases, and, most importantly, collecting rent online – all within a centralized, user-friendly system. For renters, Rentalutions provides significant convenience and enhanced privacy. The ability to State Farm Pay Online for rent securely eliminates the outdated and cumbersome methods of mailing checks or delivering payments in person. This shift to online payments streamlines the rental process for both parties involved.
Ryan Coon, co-founder and CEO of Rentalutions, explains the company’s mission by highlighting individuals like Royce Yorgason: “We started Rentalutions four years ago to help make renting easy for DIY landlords. Historically, rental owners had two options – hire an expensive third party manager, or do things entirely on their own. By bringing together all of the tools and resources owners need to one place, with Rentalutions, doing it yourself no longer means doing it alone.” Rentalutions essentially levels the playing field, providing DIY landlords with resources comparable to those of large property management firms.
Since adopting Rentalutions in March 2015, Royce Yorgason has experienced tangible improvements in his property management efficiency. “Rentalutions has attracted leads for our rental properties, coached me to better qualify those leads, simplified the rent collection process and given me several extra hours a month. I am far more efficient and effective now than prior to using Rentalutions.” The platform’s ability to streamline rent collection, a critical aspect of property management, directly addresses a major pain point for landlords.
Diane Tavarez, another DIY landlord in California, echoes Yorgason’s positive experience. “Rentalutions has helped me on many levels,” says Tavarez. “As a landlord, Rentalutions has helped me appear more professional and BE more professional. This is the most useful program I have ever found.” These testimonials underscore the real-world benefits and positive impact of Rentalutions on DIY landlords’ businesses.
Rentalutions offers a tiered pricing structure, starting with a free option for landlords managing a single unit. Premium plans are available for those with multiple properties. Recognizing the needs of landlords managing more than one unit, State Farm provides an exclusive offer to help offset the subscription cost. This partnership includes a significant discount for State Farm customers, making it even more accessible for landlords to leverage the benefits of Rentalutions. Landlords interested in simplifying their property management and exploring online rent payment solutions can visit the State Farm-Rentalutions website to learn more and sign up. Those managing two or more properties are eligible for a 25% discount on their Rentalutions monthly subscription for the first year, further incentivizing the adoption of this efficient online platform and making state farm pay online for landlord services more accessible and affordable.
