Bill management services are useful for students and allow them to focus on university. However, they’re also very useful for landlords, and can make their life a lot easier.
The Common Challenges of Managing Bills as a Landlord
- Managing bills can be confusing for a landlord with multiple properties: for example, if several tenants have bill-related questions or disputes, then this can make a landlord feel overwhelmed. It’s also time-consuming and can sometimes take more of their day than they would like.
- Late payments cause problems for a landlord: this is especially true if the late bill is in their name because it means they may become liable.
How Bill Management Providers Solve These Problems
- Reducing confusion: If a tenant has a bill-related question, they can go to the bill management company instead of the landlord. This gives the landlord more free time to do important tasks.
- Minimising the risk of late payment: Automatic billing systems and reminders sent out by a bill management company ensure that payments are made on time.
The Key Benefits of Bill Management for Landlords
The above points are just two reasons why a bill management service is useful. There are however, many more benefits and reasons why they can make a landlord’s day smoother.
Less Admin
This type of service takes on admin-related tasks, which can free up time in a landlord’s schedule. At TSEG, we are the gas and electricity provider, and include other services like ultra-fast Virgin broadband, TV licence and water. This means that landlords don’t need to look around for the best deals and services because we’ve got this sorted.
Tenants may also find it confusing to know who to approach when they have a problem. When using a bill management service, it gives them one point of contact. This organised solution keeps tenants happy and means landlords don’t have to answer bill-related questions.
Improved Cash Flow
Bill management services take on a number of bill-related tasks like setup, invoicing, and solving disputes. This saves up some space in a landlord’s schedule where they can plan to be efficient with their time. An organised schedule and smooth service can lead to improved cash flow. At TSEG, we manage everything in-house to prevent unpaid bills, minimise confusion, and avoid disputes between tenants and landlords.
Happier Tenants
Because bill management services are straightforward and easy to understand, this reduces confusion among tenants. When signing up, students can create their package with just a few simple clicks. Student bills can then be shared between everyone living in the property, and everyone can see their share in their individual account. This simplified process, along with the fact that our services are reliable, leaves customers happy and satisfied.
Stronger Reputation
Bill management providers are organised, which means there’s less risk of human error. For example, automated payments mean that bills are paid for on time, and bill splitting means that utilities are split fairly between everyone to avoid arguments. If you use a service that people are happy with, then you can grow a stronger reputation. This can then attract more tenants and could unlock more business opportunities.
Why More Landlords are Making the Switch to Bill Management
What’s not to love about a service that can make your job easier? Businesses are always looking for ways to be more efficient and improve their operations. As a landlord, this is a great way to do just that! At TSEG, students love us, and landlords do too.
How TSEG Simplify Utility Billing for Landlords and Letting Agents
At TSEG, we offer a hassle-free and efficient solution for student landlords and letting agents. Our system reduces administrative burdens so you can save time and focus your attention elsewhere. We handle everything from setup to invoicing and are also the direct electricity and gas provider. We include other high-quality services as well, like ultra-fast Virgin broadband, water and TV licence.
Our systems are advanced to make sure charges are accurate and transparent. You can rely on us for clear and precise reporting and billing. We manage everything in-house to reduce confusion, prevent unpaid bills, and avoid disputes between landlords and tenants. Our dedicated team is also on hand at all times to ensure any issues are resolved quickly. Every time a student signs up with us, we plant a tree as well!
Partner with us today for reliable and convenient bill management, powered by cutting-edge technology.
