Property Management Software

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 ...

Every new startup business faces the dilemma of raising capital. Should you ask friends and family, do you use crowdfunding, seek out VCs, debt capital, equity capital or some converted option. There are pros and cons to each of the available options. Some options will require a rigorous process while others are based more on relationships and trust. There are a plethora of variables to consider. Are you starting a lifestyle business? A business to sell?, IPO?, What’s the business model?, Scalability?, Current business maturity?, What cycle is your business in? Depending on where your business is, determines what options will be available. How one seeks capital infusion depends on the owner(s). Are they high risk takers? Are they more concerned with control? Do they work well with partners? Are they stress adverse? Do they have an abundance of confidence in the product/service and themselves? Let’s face it, if the company is bootstrapped by the owners they have no one to answe...

We’ve all done it. Grabbed our roll of duct tape to fix a household item or hold together our lawnmower, bicycle, hanging car part or even our chatterbox kids (maybe not the kids). When we run across a problem, we try to find a work around to resolve it. Deep down we all know that the duct tape solution is a temporary solution at best. Why do we so often find a work around instead of rolling up our sleeves and fixing the problem? I would suggest that there are 3 main reasons why. First, we don’t have the time. Second, we don’t really know what the solution is or how to fix it and third, we think whatever the real fix is, it’s going to cost me an arm and a leg. So, we deal with the duct tape solution for as long as we can. Eventually, you will be forced to face the realization that a real fix must take place for your life to move on and be productive. (who wants to stop cutting grass every 10 minutes to reattach a dangling part) As real estate investors, sometimes our du...