If you own investment properties, you probably do not need anyone to tell you that you have plenty to keep you busy! From tenants who pay late, to complying with various laws, to vacancies, property managers always have something to keep them busy.
But there is good news! You can invest in software for property management that will ease your burdens, save you money, and reduce stress. Property management software helps you to perform routine property management chores, such as handling maintenance and collecting rent.
What are some of the other things that software for property management can do for you?
Handling Your Accounting
Did you ever wonder what life would be like if you did not have to update Excel spreadsheets with financial data? With the right software, you can track your income and expenses and run vital financial reports anytime.
Taking Rental Payments
Have you ever had a tenant say they sent you a check but you never got it? What a hassle. With software for property management, tenants can make their payments online. You can pay your bills through the software too. Trips to the bank will rarely be necessary anymore.
Accessing Your Information Anywhere
The great thing today about modern property management software is it is all mobile. You do not have to take your laptop everywhere you go. You can just check your smartphone and learn everything you need about repair requests, rental applications, and payments.
Some software systems let you to mostly automate listing your properties for rent on Zillow or Craigslist. It also will deal with your rental applications and even run background checks. Once your applicant is a renter, the software lets you manage that so it benefits both of you. You also might be able to run a credit check, file various tax forms, and more.
Having Happier Tenants Means A Happier You!
If you have not been completely convinced as a property manager, consider this. If you use property management software, you will increase your efficiency and you make life simpler for your renters. If you streamline basic, regular tasks, you can focus on more interaction with your tenants and getting better relationships with them.
You also can invest more in the people living in your properties rather than having to regular search for new renters. This cuts down on your churn and vacancy costs.
Author: Iris Iniguez