What is Hammock?
Managing rent payments for both individual tenants and HMOs has become significantly more straightforward. You will receive notifications for both incoming and missed payments, with rental transactions seamlessly linked to their respective tenants and properties. Hammock allows you to easily reconcile your financial transactions from anywhere, at any time. Automatically generated detailed statements for each property facilitate quick reviews or can be shared effortlessly with your accountant. Hammock transforms individual transaction data into immediate, actionable insights, empowering you to monitor and improve the performance of your investment portfolio. Through the Hammock dashboard, you can effortlessly view real-time key performance indicators for your entire portfolio. Essential information such as your Profit and Loss statement, Loan To Value ratio, and Arrears Balance for each tenant is available with a simple click. Furthermore, Hammock simplifies the process of identifying any approaching deadlines, unexpected expenses, or occupancy issues linked to your properties. This feature keeps you well-informed about which property requires your attention, enhancing your ability to manage your investments effectively. As a result, you can maintain a proactive stance and make well-informed decisions regarding your real estate management, ultimately leading to better outcomes for your portfolio. Moreover, the platform’s user-friendly interface ensures that even those new to property management can navigate and utilize its features with ease.
Pricing
Price Starts At:
$6.91 per month
Free Trial Offered?:
Yes
Integrations
No integrations listed.
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Schedule My Rent
Services for marketing vacancies include processing online rental applications, conducting tenant screenings with credit and background checks, and managing rent collection.
Tenants have several convenient payment options available:
- Cash payments at any MoneyGram location, such as Walmart or CVS
- Direct payments from their bank accounts
- Payments via credit or debit cards
Rent can be collected on a monthly basis or twice a month.
With the QuickPay feature, landlords have the advantage of receiving rent on the same day it is deducted from the tenants' accounts.
Automatic late fees are applied to tenants' accounts, allowing landlords to integrate late charges and daily fees in accordance with lease agreements.
Monitoring rent status is straightforward, with a multi-unit view detailing the total rents collected and outstanding amounts across all properties, as well as for individual units or businesses.
The unit-specific view provides comprehensive details about each lease, and landlords can effortlessly add one-time fees, such as utility charges, for better customization of billing. Additionally, this streamlined process enhances the efficiency of managing multiple properties at once.
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Transform your property receipting process into a matter of minutes with Console Pay, the only fully integrated payment solution in the market that operates through Console Cloud and Console Gateway, specifically crafted to help agencies uphold financial health. This powerful tool for direct debits and receipting enables property managers to efficiently track tenant payments. With a simple click, bulk receipting becomes a breeze, and tenants can opt for a direct debit feature that works with all banks, guaranteeing that landlords receive their payments promptly and reliably. The platform is designed to be both user-friendly and flexible, allowing for modifications to payment schedules, specific dates, or amounts whenever necessary. It effectively oversees rent, bonds, and tenant invoicing, facilitating clear payment schedules while allowing Ezidebit to handle rent collection without complications. This method significantly reduces rental arrears and ensures that property owners are paid on time. Additionally, Console Pay adeptly manages any bond or invoice payments, streamlining those transactions as well. Eliminate the hours spent on tedious receipting tasks; Console Pay reconciles payments automatically within Console Cloud, generating auto-receipts at the touch of a button, thereby enhancing not only the speed but also the overall efficiency of your operations. With Console Pay, you can rest assured that tenant payments are processed swiftly and accurately, allowing you to focus on other important aspects of property management. The system not only saves time but also brings a sense of security to the financial transactions you oversee.
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Screenshots and Video
Company Facts
Company Name:
Hammock
Date Founded:
2019
Company Location:
United Kingdom
Company Website:
www.usehammock.com
Product Details
Deployment
SaaS
Training Options
Documentation Hub
On-Site Training
Support
Standard Support
24 Hour Support
Web-Based Support
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English
