The National Landlords Association (NLA) has launched its newest service, Landlord Vision, which uses cloud-based software to help landlords manage almost every aspect of their tenancies.

The service aims to help landlords by putting all tenancy management activities in one place through a cloud-based solution, thus eliminating the need to rely upon spreadsheets and disparate pieces of documentation.

Landlord Vision has been designed as an easy-to-use, integrated and secure method of tenancy management, and the service allows landlords to:

• Create rent schedules for tenants
• Enter full and partial rent payments
• Record correspondence with tenants
• Estimate tax liability
• Set up tenancies.

Carolyn Uphill, chairman at the NLA, said: “Buy-to-let is a business, and as anyone running a business will tell you, the importance of effective management must not be understated. Without it, landlords can face numerous problems, and one of the most damaging can be rent arrears, or non-payment of rent.

“With over a billion pounds worth of rent owed to landlords through arrears it’s vital that they are fully equipped to prevent and deal with the issue if and when it arises.

“For landlords, keeping on top of lettings activity can be difficult and time-consuming, but failing to do so can have a devastating impact on both businesses and personal lives.”