Property Management Software

If you are in possession of properties and you are wondering how best you can handle them, you may not be able to get much out of them. There are some property owners who have ended up selling their properties at very low prices simply because they could not manage them properly. Generally, the management of property is not easy. It is usually associated with a number of issues ranging from the in consistency in the payment of rentals, maintenance related issues and even security. All these issues have to be borne in mind when managing property. But, there are specific tools that you can use if you want to manage your rental properties in the best way possible. This is clearly explained below. Steps you can take There are certain steps that you can take in order to streamline the management of your rental properties. It is worth mentioning that failing to manage your rental properties in a proper manner can lead to the failure of your business. You may fail to get re

The management of property is by far one of the most challenging tasks. It is quite involving and often requires total personal commitment and concentration if errors and in consistences are to be avoided. But, the story over the years. This follows the coming of property management software. Today, a good of property owners are now resorting to the use such software to manage their properties. There are various kinds of property management computer applications that are in existence today. Each of the options is associated with its own highs and lows. It is entirely up to a property owner to single out one’s preferred software depending on whether it is suitable or not. There are web-based applications for the management of properties, cloud based and offline applications. Further, it is also possible to come across applications that can work in either the offline or online mode. Each of these options are suitable for the management of properties of all kind. Over the yea

Property Management Software and e-Payments If you are a property manager or a property owner, undoubtedly the ability to collect rent and pay invoices is of utmost importance. Gone are the days of paper invoices and postage stamps. Property management has begun moving into the technology age over the past 10 years, but more increasingly over the last 2-3 years. As the general population learns the latest technology, increasingly property owners and managers are more willing (and less afraid) of going electronic. Main Types of e-Payment Methods With so many benefits to electronic property management software, one of the highest rated benefits is that of e-Payments. e-Payments are made up of generally 3 primary options ·          ACH ·          Credit Cards ·          e-Checks Cost of Implementing e-Payment Solutions There is a direct cost for any e-pay solution. However, when you consider the amount of personal time it requires for the traditional methods, the

Whether you are a professional property manager or a self-managingproperty owner , utilizing a mobile app for your portfolio is a must have feature. Owner apps are usually provided by the software vendor that provides the property management software. These apps serve a purpose other than providing a sales pitch for the software vendors. Having access to key data about your real estate portfolio is a given in today’s world. Our society has become data attics and we want access immediately to data that affects our lives. Easy Access to Real Estate Property Data Having mobile apps for rental property owners and real estate investors not only offers a significant amount of convenience, but it is also a necessity for better management of a real estate investor’s portfolio . Owners with apps have better communications with their property managers and an increase in their satisfaction rate. Let’s face it, most of the reasons that a property owner calls the property manager

Questions about collecting application fees       As a property manager or landlord, one thing that you commonly do is collect application fees. Each state has different rules and laws on application fees, so you should know what your states requirements and limitations are. This blog is going to be a topic blog with more questions then answers. Why? Because there are so many variables that differ from one land lord to another. There is no one ‘right’ way of collecting these fees. Best time to collect application fees When is the best time to collect application fees for new rental applications? The property management industry is all over the place on this. Do you collect application fees before the applicant fills out the application? One good outcome using this approach is that you weed out applicants who are not really committed to your rental property. Collecting multiple applications per rental unit But what if you are in a hot market and accept 2-5 applicati