Managing a rental property is no task for the faint of heart, and that challenge only multiplies as the list of properties grows. Fortunately, Massachusetts-based Investment Instruments, —makers of Rentometer, which we covered not long ago—has come up with a tool to help make the job easier.

Rentomatic, their latest offering, is a site that focuses on facilitating relations between property owners and tenants.

A portion of the site dedicated to landlords provides a secure environment for managing properties, including quick views on upcoming or critical events for each; income and expense tracking tools specifically designed for real estate; and the ability to advertise multiple listings online, track important lease, rent and tenant information, and create detailed income and expense items.

A separate tenant portion of the site, meanwhile, gives tenants a straightforward way to communicate maintenance requests, for example, as well as to make and track electronic rent payments.

Launched in January, Rentomatic offers basic tools for up to 5 units for free, while the advanced plan costs $30 per month. Management of electronic rent payments costs $5 monthly per lease.

Once again, the web streamlines countless tiresome tasks in one fell swoop!