Property Management Software

If you are a real estate property owner, you may or may not hire a professional property manager. Of course, if you manage your own properties, you can save the management fees that a property manager would charge. Those fees typically range from 8-12%. Even if you manage your own, it is best practice to calculate those fees into your financials from the beginning. How To Calculate Property Manager Fees So how do property managers calculate their fees? We know the % range but for what income accounts does that apply to? All accounts? Are there any additional fees? What about income accounts that are not subject to any fees? Can there be a minimum fee? What about a mixture of percent and a split? As you can see there are many ways to calculate fees for managing rental properties. Without an electronic way to track these, calculating fees on paper would be nothing less than a nightmare. Good Property Management Software A good property management software will do all these c...

For those real estate investors who hire a professional property manager, do you know how well their customer service is? Just like any business, customer service is a critical component for a successful business. Even though you farm out the property management of your real estate investments, you are still the owner and the tenants are still your customer. Customer Service Fundamentals There are fundamentals about customer service for landlords, real estate owners and property management companies. First, remember words are very important when it comes to customer service. Many times, interactions with tenants are not done face to face rather it is done via email, chat or even text. So words are even more important through these means. A poor choice of words may be forgiven if spoken face to face because your expressions can correct any mis-understanding. But words are seldom forgiven or taken the way they were intended through a non face to face method. So ch...

PropertyZar’s cloud-based property management software enables property managers and owners to scale their real estate business. With PropertyZar’s robust application, property managers can market vacancies, run background screening, accept online applications, and maintain all their accounting records by owner and/or property. PropertyZar’s web-based property management software also reduces the amount of work that is required of property managers. Managers or Owners can configure PropertyZar to: Automatically enter late fees Automatically send out owner statements Auto syndicate properties Automated recurring invoices Appointment reminders Automated asset reminders (change filters, maintenance etc.) Automated work order requests Automatically email management fee reports Rent reminders are automatically sent to tenants PropertyZar also comes with PZ Tenant , our mobile app for tenants. Using PZ Tenant, tenants can pay their invoices on...