Managing rental properties can be a dream or a nightmare, depending on how you manage it. Sometimes the difference is not knowing about the resources that are available to you as a property manager.
Many of the common problems that landlords and property owners deal with are often easily solved with software for property managers.
If you are wondering if you need a property management software solution, ask yourself the questions below. If you answer yes to many of them, you may want to consider investing in one of these innovative software programs.
Are You Driving to The Bank Each Month To Deposit Your Rental Checks?
While doing things the old-fashioned way is the way some people prefer it, you can have renters deposit their payments electronically into your account with a property management solution.
Do You Forget Which Maintenance Request Is For Which House?
If you own a portfolio of properties, it is very easy to mix up which house has the leaky sink and which one has the bad water heater.
Are You Keeping Track of Rental Payments and Expenses In Excel?
This is ok if you have one or two properties, but things get quickly out of hand if you own more properties than that.
Is Tax Season Hell Because You Cannot Remember Who Should Get a 1099-MISC?
Keeping track of 1099s is a basic part of most property management software solutions.
Are You Losing Lease Renewals Because You Don’t Remember Which Ones Are Expiring?
There is no reason to ever forget when a lease is expiring when you have the right software managing your real estate transactions and properties.
Have You Lost Tenant Leads Because You Have No Way to Track Them?
There is a lot of competition out there. You want to keep track of your tenant leads so you can land the best ones.
Are You Approving Applications Based on a Conversation?
There are automated systems in software that can make the approval process more process and data based.
If you have been asking yourselves these questions and pulling your hair out, you may be ready for software for property managers. There are many excellent solutions available and many of them are very reasonably priced. So stop the inefficiencies in your business and start looking at property management software as soon as you can.