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...

PropertyZar is excited to announce its newest release of our property management software. This release is packed with new features for managing property vacancies as well as many other enhancements. The release of our property vacancy management software includes new integrations with Apartments.com and Zillow.com . Users have the options to set auto syndication which is sent to the top rental marketing sites on a nightly basis for maximum exposure. You can set to start advertising your vacancies prior to the current lease expiration. This option ensures you can start screening new applicants and have them ready to minimize vacancies rate. Other enhancements include: Emailed rent reminders Streamlined registration for background screening Ability to print and email invoices Create and apply credits for tenants Management fee report PropertyZar’s online lease management software allows you to quickly create leases and generate recurr...

PropertyZar is proud to announce that PZ Tenant is now available from the iOS app store (android coming soon) With PZ Tenant, tenants can: · View in Tenants Preferred Language · View Current Lease · Pay Invoices · View Financial Ledger · Submit Work Orders with pictures · View Current Work Orders · Communicate with Property Manager via Email or SMS · Purchase Renters Insurance Search for PZ Tenant in the app store and download for free visit  https://itunes.apple.com/us/app/pz-tenant/id1353240379?mt=8

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...

Property business is one of the biggest business sectors in most parts of the world. Property firms and real estate dealers are greatly relied upon by buyers for search of suitable properties. Whether online or offline, these buyers always look for reliable agents to have their requirements solved. Therefore agencies have been trying all new techniques to improve their business skills and operations. With the latest developments of technology, it would be crazy not to take the help of the latest tools. It is a smart work to capitalize on the latest tools or software and get a better output. If you haven’t, then it is time for you to optimize your real estate business by implementing real estate property management software . Being only a great manage is not sufficient, a great software can also help in developing miracles. What software is used by you to run your real estate business decided a lot on what results you would get. Efficient and organized software is good for i...