What is Tellus?Tellus is a unique, smart savings platform that leverages the power of real estate to offer exceptional yields to users. The platform aims to protect consumers from the volatility of stock and crypto markets by using short term, single family home loans to power their yields. This enables users to convert their savings into passive income, making Tellus an attractive option for individuals looking for higher returns on their savings.The platform is primarily targeted towards renters and landlords, offering a super high-yield interest account that surpasses the average savings account, with an Annual Percentage Yield (APY) ranging from 5.00% to 5.90%.The unique selling point of Tellus lies in its ability to convert users’ savings into passive income. When a user deposits their money into a Tellus account, the platform supercharges the returns with interest income generated by residential real estate lending. The earnings are paid out daily, and users have the flexibility to withdraw their money at any time.Beyond being a savings platform, Tellus also provides a mobile solution for property management. This feature enables landlords to manage their high-value residential real estate assets, secure solid tenant relationships, and collect rent electronically.Learn More About TellusHow Does Tellus Work?To get started with Tellus, users need to fund their accounts. This can be done via an Automated Clearing House (ACH) transfer from a linked bank account or a wire transfer directly from their bank account, all done through the Tellus app or the user’s bank’s website or mobile app.Once an account is funded, Tellus begins to work its magic. It converts the savings into passive income by powering the money with residential real estate. Each dollar deposited into a Tellus account is backed by real assets, not stocks or cryptocurrencies, ensuring that the money is always within the user’s reach.Tellus offers various savings products that cater to different needs and goals. The Tellus Boost Account, for instance, allows users to supercharge their rewards every day. The Stacks feature lets users customize and organize their savings around specific target categories. The Reserve Account feature can help users jumpstart their savings up to a small capped amount, while Vaults can assist users in reaching long-term goals with their higher reward APYs.The platform further distinguishes itself with its focus on customer service. It has a California-based customer success team that provides live service via in-app chat, providing users with the assistance they need to maximize the benefits of using Tellus.Tellus offers a unique combination of savings, property management, and customer service features, making it a comprehensive platform for renters, landlords, and anyone looking to make the most of their savings. Also, check out our Baselane Review.Tellus’ Track RecordTellus’ track record in the real estate market is commendable. They’ve managed to consistently offer higher interest rates than most online banks and traditional banks like Chase Bank, despite fluctuations in the balance sheet and property values.Tellus partners with the FDIC-insured Sunwest Bank, ensuring customer deposits are safe and secured. They also offer transparency in their financial reports, adding credibility to their services.Who is Tellus Best For?Tellus is primarily suitable for:Real Estate Investors: Those looking to invest in real estate and earn passive income may find Tellus to be an attractive platform. The competitive interest rates, coupled with the Tellus Boost feature, make it a viable option for investors seeking to maximize returns on their investments.Property Managers: Tellus offers a robust property management software that includes rental property management tools. These tools help streamline various tasks, making it a suitable choice for property managers looking to improve efficiency.Savers: Individuals looking to save moneyand earn a decent yield may find Tellus to be a good alternative to traditional banks. The daily boosts feature can help individuals grow their savings at a faster rate than conventional savings accounts.What are The Benefits?Choosing Tellus as a banking and property management platform offers several noteworthy benefits:1. High Interest Rates: Unlike traditional banking institutions, Tellus offers significantly high-interest rates. This allows users to maximize their returns on deposits, providing a valuable source of passive income.2. Daily Boosts: A unique feature of Tellus is its daily boost program, where users can earn daily boosts on their deposits. This significantly amplifies the overall yield, making it an attractive option for savers and investors alike.3. Seamless Property Management: The platform provides a comprehensive suite of property management tools. These tools cover everything from tenant screening, rent collection, financial reporting to listing services, making it a convenient one-stop solution for property managers.4. Ease of Use: With a user-friendly interface, Tellus is designed to be easy to use. It provides clear instructions and has customer service readily available to assist with any issues that may arise.5. Security: As Tellus partners with FDIC-insured Sunwest Bank, the users’ deposits are safe and secure. This assures customers that their funds are protected against any unforeseen circumstances.6. Financial Transparency: Tellus believes in maintaining financial transparency with its users. The company provides financial reports to its users, thereby ensuring trust and credibility.7. Accessibility: There are no lockup periods in Tellus, and the minimum deposit to start earning interest is relatively low. This makes the platform accessible to a wide range of investors, regardless of their investment size.8. Flexibility: Tellus is a flexible platform that serves the needs of various users. Whether you are a real estate investor, a property manager, or just a regular saver, you can take advantage of the platform’s wide range of services.By combining superior financial services with effective property management tools, Tellus stands out as a beneficial platform for anyone looking to optimize their real estate investments and management operations.Property Management Features of TellusTellus emerges as a comprehensive property management platform, offering a rich array of features designed to streamline and simplify the tasks involved in managing rental properties. These features ensure efficiency, time-saving, and effective coordination between landlords and tenants. Here’s a breakdown of the key property management features that Tellus offers: Tenant Screening: A crucial aspect of property management is finding reliable tenants. Tellus assists landlords in this task with its integrated tenant screening feature. This feature allows landlords to conduct background checks and credit score assessments, ensuring that the tenant is trustworthy and financially responsible. Rent Collection: Tellus simplifies the rent collection process by providing a digital solution. Landlords can receive rent payments electronically via the platform, minimizing the need for physical transactions and allowing for effortless record-keeping. The platform also sends automatic reminders to tenants when their rent is due, reducing instances of delayed or missed payments. Property Listing Services: With Tellus, landlords can easily list their properties on the platform, showcasing them to a broad audience of potential renters. The platform allows landlords to include detailed descriptions, photographs, and essential property features, making the property listing process simple and efficient. Financial Reporting: Keeping track of income and expenses associated with rental properties is essential for effective property management. Tellus offers an inbuilt financial reporting tool, providing landlords with a clear overview of their property’s financial health. This feature allows users to track their income and expenses, monitor cash flow, and even generate financial reports for tax purposes. Maintenance Request Management: Tellus also offers a tool to handle maintenance requests from tenants. Landlords can keep track of repairs and upkeep, schedule maintenance appointments, and even coordinate with preferred service providers, all through the app. This reduces the hassle associated with property maintenance and ensures the longevity and value of the property. Communication Platform: Tellus provides a built-in communication tool that fosters smooth and direct interaction between landlords and tenants. This feature allows landlords to send important announcements, respond to tenant inquiries, and resolve any issues promptly. Lease Agreement Tools: The platform provides a digital space for managing lease agreements. Landlords can use Tellus to create, send, and get lease agreements signed digitally, ensuring a secure and paperless process. This feature also allows landlords to store and access lease agreements easily, providing an added level of convenience.Trustpilot Reviews: Testimony of Superior ServiceTrustpilot reviews play a significant role in painting a comprehensive picture of Tellus. With a remarkable average rating of 4.8 out of 5 stars, Tellus testifies to high user satisfaction across its offerings.Final ThoughtsTellus provides a unique blend of banking services and property management tools, offering a comprehensive solution for real estate investors and property managers. While the platform may require a learning curve for new users, the potential benefits it offers make it worth considering.The high interest rates, daily boosts feature, and the comprehensive property management tools make Tellus a stand-out platform in the world of financial technology and real estate markets.Our verdict in this Tellus Review is that it is a worthwhile service for anyone interested in maximizing their returns on their savings through real estate investments or looking for efficient property management tools.Click here to get started today.Get Started With Tellus
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Tellus Review 2023
