Property Management Software

  Is there any special way for property managers to handle multiple roommates per lease? Common Issue This is a common issue for landlords and property management companies . My first advice is to spell out the details of guests and roommates in the initial lease. Be upfront and make sure you specify all the details that you want up front. Ask the new tenants, do you plan to have frequent quests or visitors? Depending on their answer, you may want to include those individuals on the lease. Avoid Mistakes If it’s not in the lease, don’t make exceptions, unless you want to update the current lease. Make sure you are protected as much as possible. If the tenant falls on hard times and needs to bring on a roommate to help with expenses, make sure you are aware of it. You will want to have that roommate complete an application and go through the same background screening as everyone else. Screen them as if they are a new tenant for you. A good Property manage...

  When it comes times for your tenants to move out, landlords and property managers must decide if they can return the entire security deposit or not. 1 in 4 tenants say they did not receive the amount of return they were expecting. So, what is the deal? Full Security Deposit Refund Believe it or not, most property management companies want to return the full deposit to the tenant. Why? Because it would mean that the property was left in the same condition it started in. That’s good for the property management company as well as the property owner . But the fact is some tenants do cause damage or leave the property in a state that requires some work to be done for the property to be “move in” ready. Wear & Tear Vs Damage States have established laws to help define what is wear and tear vs damage. In general, property management companies can deduct damages from the tenant’s security deposit . Here are some examples: Wear And Tear Minor nick...

  Many industries throughout the marketplace have changed their practices in response to developments in technology, but real estate, including property management is still largely stuck in the past. On-demand app development is making access to services easier than. Artificial intelligence and the Internet of Things are connecting us in new ways every day. It’s clear that taking advantage of these developments is key to progressing. As an industry with roughly $280 trillion in value , taking advantage of these new opportunities could produce billions or trillions in profits. A number of large real estate companies are attempting to build their own in-house technology, but in many cases, it would be more efficient for them as well as and property management companies to use existing solutions. These are some of the most exciting possibilities that new developments in technology can offer the real estate industry. Outsourcing the Cloud Cloud services is a rapidl...

While all our previous BLOGs have been on topics that apply to every property manager or landlord, today’s BLOG is going to be about the latest release of PropertyZar and software business in general. The entire PropertyZar team has worked tirelessly on designing a new user interface, new features, bug fixes and overall better user experience. I want this BLOG to showcase their work and to provide an electronic form of a ‘pat on the back’. From The Beginning Our goal was to provide all the features of the most powerful online property management software to portfolios of all sizes. That means the property owner who manages 10 units can afford to have all the tools available as the professional property management companies have. Early Releases As with any new release, subscription-based software companies are always faced with the challenge of providing a minimum viable product (MVP) and what should be included in the MVP. If you are an astute reader of business, yo...