A bill management service handles the complexities involved in managing utilities. It’s useful for students, but it’s also great for landlords and can prevent them from running into problems like late payments and tenant disputes.
Common Billing Issues Faced by Landlords
Landlords face several bill-related issues which can be an inconvenience to their day:
- If a landlord’s name is on a bill and it goes unpaid, then it can cause problems. For example, they could become liable for any payments which aren’t made on time.
- If a tenant has a bill-related dispute, this can take up a lot of time and disrupt their schedule.
Luckily, bill management services can help with many billing problems to ensure a landlord has more time in their schedule.
Key Ways Bill Management Services Reduce Tenant Disputes
From transparent billing to automated payments, this type of service is straightforward and easy to understand.
Clear and Transparent Billing
A system which is confusing and complex can cause problems, but bill management services are well-organised and simple. A household gets one monthly statement, which is split equally between everyone living there. With TSEG, everyone gets their own individual account where they can see their share. This is a clear and transparent way of billing to avoid confusion. We’re also the gas and electricity provider and include other services like ultra-fast Virgin broadband, water and TV licence. This smooth system, along with reliable services, means there’s less likely to be a tenant dispute.
If students have any questions, they can ask the bill management service which can help them out. A landlord can spend lots of time answering questions from a number of households, and this can become confusing. With a bill management service, they can spend their time doing something more important because the service takes care of this for them.
Eliminating Shared Bill Confusion
Splitting bills equally amongst everyone living in a property means it’s done fairly. A bill management service ensures that it’s done in the correct way to avoid disputes. For example, with TSEG, there’s no joint liability, and everyone’s responsible for their share. By making sure things are done fairly, tenants are kept happy.
Fixed Monthly Payments for Easier Budgeting
Bills are combined and put into one fixed monthly statement, so payments are taken on the same day each month. This makes it easier for students to budget and make sure they have enough in their bank account for the payment to be taken. This smooth service means that late payments are less likely to happen.
How Bill Management Services Prevent Late Payments
Nobody likes dealing with late payments. It’s stressful for students because it can give them additional charges and affect their credit score. It’s also frustrating for landlords because chasing payments can be a headache. One benefit of using a bill management service is that it can help reduce the likelihood of a late payment.
Automated Billing and Payment Collection
Students can set up automated payments and reminders to make sure they don’t forget to pay their bills. Students have a lot to think about, from assignment deadlines to studying for important exams. Automated billing systems mean they have one less thing to worry about.
No More Chasing Tenants for Money
If a utility is registered in the landlord’s name and the tenant doesn’t register it in their own name, this can cause issues if payments are made late. It means that the landlord may become liable, and chasing the tenant for the payment can be a headache. A bill management service chases up on payments which are late so this problem can be prevented. They also encourage students to put bills in their own names to help with this.
Why More Landlords Are Choosing Bill Management Services
The Student Energy Group makes sure utility billing is smooth for both landlords and students. Our comprehensive and hassle-free solution means you can wave goodbye to complex utility billing. Whilst we handle everything from setup to invoicing, landlords can focus on other tasks. You can rely on us for clear and precise billing and reporting.
Our systems are also advanced and ensure that all charges are accurate, transparent and easy to understand. We’ll also be the direct electricity and gas provider for your properties, along with other services such as ultra-fast Virgin broadband, TV licence, and water. We combine household bills into one monthly statement to be shared equally amongst housemates, with no joint liability. Our dedicated team is always on hand to ensure any issues are resolved quickly. Every time a student signs up with us, we make sure to plant a tree as well!
Partner with us today for convenient and reliable bill management, which is powered by cutting-edge technology.
