Property Management Software

  I am a longtime user of QuickBooks. I’ve used it for all my companies since 1998. This BLOG highlights the PropertyZar accounting software as it pertains to property management. QuickBooks – A Good Role Model As we designed PropertyZar’s accounting, we wanted to make it as easy as QuickBooks. But we wanted to include all the accounting features needed for online property management accounting software. QuickBooks and PropertyZar Accounting With so many landlords and property managers familiar with QuickBooks (desktop), we paid special attention to designing PropertyZar’s accounting so that any user of QuickBooks would be able to transition with no training required. Running Financials We made running financials easier as well. If there is one thing lacking in QuickBooks is that it was not designed for property managers. So tracking finances per owner, building or a single property was not as easy as it could be. PropertyZar accounting softwar...

  Hedge Your Real Estate Investments Real estate has been experiencing some phenomenal returns over the past several years. Even the stock market has been a long running bull market. Several factors play into this. Low interest rates as well as low inventory have benefited the real estate market . Anyone who has studied markets understand that is it certainly cyclical and understanding where we are in the cycle is an educated guess by some at best. It seems that investors are getting comfortable with higher risk and this long running prosperity. However, I would caution investors and “would be” investors to be aware of the eventual real estate market downturn . Look for investments that are not too sensitive to downturns. If you have been looking for investment opportunities, you no doubt have found it a bit harder to find the deals with highcap rates like there were a short few years ago. When 7 or 8 cap rates were more common in the past, investors are gett...

Raising rents is a question we see a lot. Should you or shouldn’t you. For those landlord’s or property managers that do raise rents, 2-4% seem to be the typical range. Good Tenants If you have good tenants who take care of your property, pay on time and all-around good tenants, raising their rent may push them to look for another place to rent. Finding new tenants, especially good ones, is a costly endeavor and may not be financially prudent for an extra 2 or 3%. Not So Good Tenants However, on the other hand, if your tenants are not the best, maybe it’s worth losing them if you raise their rents. If they stay, fine. You gain a little extra profit for the extra work they bring to you. Progressive Rent Increases Residential leases vs Commercial leases are different. Commercial leases are more common for regular rent increases, but not always. Many commercial leases include progressive rent increases stipulated. If you use a property management software...

PropertyZar vs Rentec – Over the past several months we have been receiving numerous inquiries on how we compare to Rentec. In the past, PropertyZar has been compared to some of the other larger platforms such as Appfolio, Buildium and Yardi. With the influx of inquiries for comparison to Rentec, we realized it was our pricing that is the basis for these comparison inquiries. While some companies intended to focus on small portfolios (typically fewer features), the genesis of PropertyZar was to provide a robust property management web application for large portfolios, but with an entry level price for the smaller portfolios. There is nothing wrong with targeting smaller, middle or larger portfolios. It’s just a company’s preference and the vision the founders have for the company. PropertyZar Vs Rentec Price Comparison   PropertyZar Vs Rentec Feature Set Comparison There are numerous features throughout PropertyZar. These features make the user experienc...