Payment provider BPAY Group has launched a new online platform aimed to assist independent landlords with the management of their properties.
Launched this week as Lodge, the product is targeted towards private landlords, equipping them with tools and insights.
CEO of Lodge Justin Jefferies said that property management in Australia was a big opportunity, but there were big pain points for many self-managed landlords.
“The biggest frictions we hear of is things to do around maintenance, collecting rent and dealing with tenants, so all of the communication etc. Lodge does these three things now and aims to do more soon,” the CEO said.
Mr Jefferies added the other two pain points identified by Lodge were finding tenants and dealing with documents.
“In the next month, maintenance and vetting features will be added. Even more features will be rolled out in the months after including a tenant portal, financial insights to name a few.”
Mr Jefferies said that some of the features already on the platform include auto-rent collection, recording expenses, storing documents and even generating tax reports.
“Lodge is the home for all property-related needs. By seamlessly connecting the fragmented processes involved in managing investment properties, Lodge simplifies property management for landlords,” the CEO said.
“We think that because of the transparency, we can provide the best ability for self-managing landlords to make good decisions. Our tool is purpose-built; everything we build is to manage properties.”