If you manage multiple properties, you know how complicated it is to handle all business transactions daily. The complicated operations can most likely drain all your energy and time in doing all your responsibilities, unless you have the right tool.
According to Howard, owner of 30 units of property for rent in Washington, once you manage 25 rental units you need some form of advanced property management software. Before, he used to do all his work only in a computer, but as he added new units he can no longer manage all of them simultaneously. Even if he had landlords to assist him, still, the result was a disaster.
But, as Howard started using a property management software, the challenges in handling 30 rental units were made easy. He even said that the software he uses does everything: from monitoring tenants who have problems with rental fees, taking care of work orders, vendor billing and most importantly, giving him precise and clear reports that every property owner wants to see.
With thousands of property management software products in the market today, there are only few features that you should consider having in your software.
Online Tenant Services. The internet has revolutionized the way people do business today. Tenants want to be always notified about their rent status. Hence, they increasingly want to receive reminders of their rent pays via email. There are also some tenants who want to access a web-based property software where they can pay their rents directly, submit vacate notices, request unit maintenance or some repair works. A system that supports a renter’s needs is not that easy to find, especially if you have multiple properties. So to keep you updated on the situations of your tenants, you should have a software that can give you this. Keep in mind that for your business to succeed, you should take good care of your customers.
Online Vacancy Postings. As you all know, most people of today’s generation greatly rely on the internet for any information that they need. Potential renters will always go first to the internet to look for a place where they can live. Hence, find a rental management software that will allow you to post vacancies to sites like Craigslist, Yahoo, Zillow, Trulia and Hotpads. In this way, all you have to do is click a few buttons and all the vacancies will be posted, allowing your business to have a chance of having lower rates of vacancies.
Tenant Screening. Before renting your property units out to tenants, you must first screen them to ensure that they are good payers and not good runners when it is time to collect their rental payments. With a tenant screening feature in your software, you will be able to order tenant credit checks and criminal background reports. Property owners and landlords should equip themselves with as much information about their prospective tenants as possible.
For extensive property management software programs, try out Rentec Direct software now. The value you will get from using Rentec property management software for managing your properties will be an extraordinary return on investment!
About the Author:
I am Eric Carter, I own a lot of properties and I also have many tenants renting them. I am using a tenant software I bought from a reliable company to help me manage my tenants well.
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