How I Increased My ROI by 25% Using TenantPing's Expense Tracking

After 6 months of detailed tracking, I discovered I was overpaying contractors by $200/month per property. Here's how I fixed it.

The Problem I Discovered

Using TenantPing's expense tracking feature, I noticed patterns in my spending that were costing me thousands annually:

• Paying premium rates for emergency calls that could have been planned
• Using the same contractor without comparing prices
• Not tracking warranty periods on repairs

My Solution Strategy

1. Preventive Maintenance Schedule I created a calendar of regular maintenance tasks to avoid emergency calls.

2. Vendor Comparison For every job over $200, I now get at least 2 quotes through TenantPing's vendor network.

3. Expense Categories I started categorizing every expense to see where money was really going.

The Results

In 6 months: - 25% increase in ROI - $2,400 saved across 12 units - Better tenant satisfaction due to proactive maintenance

The expense tracking feature alone paid for my TenantPing subscription 10x over.