Ransacking your filing cabinet to find your home insurance policy, spending hours sorting power bills, trying to remember the name of the contractor hired to repaint the entry, emailing bills to other co-owners…
Whether you own a duplex, a triplex or a multiplex, organizing documents related to your rental property can quickly become a puzzle unto itself, along with the many other things you have to do to maintain your rental property or properties.
Don’t worry: you’re not the only one stuck doing this. We created our web application precisely to help the owners of income properties to become a master of document organization! With Edwix, you’ll have easy, totally secure access to your documents from any device.
Let’s see how Edwix can make your life as the owner of a multi-unit property easier.
All your documents in the same place
Edwix allows you to safely store a wide variety of documents relating to the day-to-day management of your rental property, including power bills, insurance policies, bank statements, contracts, warranties, correspondence, tax documents and many more.
After you upload a bill or other document into Edwix, the built-in artificial intelligence (AI) analyzes and extracts the pertinent information from the document, identifying the supplier, expense category, amount, payment due date and balance, if any.
Edwix also lets several collaborators access the same account, making it much simpler for co-owners of a multiplex to work together.
Useful reminders in your busy schedule
Once your expenses are saved and sorted into categories in Edwix, you can get reminders. You’ll never miss another due date for paying a bill or renewing a contract (home insurance, snow removal, landscaping and so on).
The artificial intelligence tool also sends you tips and advice to optimize how you manage your real estate investments, whether you own a duplex, a triplex or a multiplex: hot water heater maintenance, using Energy Star products, insulation, etc.
Edwix is like a personal assistant personnel who remembers all this information for you, freeing up part of your mind!
Synchronization with your storage service
How do you transfer your documents in Edwix to someone who doesn’t use Edwix? You can synchronize your documents with the Google Drive cloud storage service (synchronization will also be possible soon with iCloudDrive and Microsoft OneDrive).
Then it’s easy to transfer documents from your Google Drive to a third party, such as your home insurance company when you make a claim or your accountant when it’s time to prepare your tax return.
Lots of good reasons to adopt Edwix
You’re not quite sure yet whether to entrust your documents to Edwix? You can start a free trial now!
You’ll have an opportunity to find out how user-friendly and easy to use the platform is and to test its various functions. You’ll see that Edwix isn’t just an ally when you’re looking for a bill, but also a very useful memory aid all year long!
