SAVE YOUR TIME AND MONEY USING PROPERTY MANAGEMENT SOFTWARE
Property management software is a tailor-made solution for property managers, letting agents and landlords, made to help them manage and oversee properties. Features such as automation, communication, report generation and work order management are designed to improve the efficiency of the processes involved in property management. It is important to remember that property management software is beneficial not only for letting agents but also owners, tenants, contractors and accountants. Acting as an all-in-one solution, property management software provides many benefits to all the stakeholders involved.
Saving time
Property management software implements automation and integrates with other platforms, all with the aim of saving managers time to focus on the most important issues.
Traditionally, property managers had to write up several emails saying the same thing, check due rent payments manually before sending a reminder, as well as having to reconcile accounts, often done via spreadsheet. Thanks to the automation that property management software facilitates, standard email drafts can be sent out at the click of a button, so you never have to write the same email over and over again. Reminders can be set up, to remind stakeholders of events such as upcoming viewings. This is especially useful for agents who manage large portfolios, as it makes it easier to keep track of many activities all at once.
Saving money
Property management software performs many admin functions that would usually take a lot of time to do manually. It helps you save money on labor costs, as you can manage your portfolio completely by yourself, or with the help of a few others should you see fit. That doesn’t mean that the software replaces people, it simply means less focus is required on admin as most of the processes can be automated.
The software has the potential to save hours of work on admin tasks, saving you a lot of money in the process. Tedious, repetitive tasks can be replaced by automated tasks, and once the information is placed into the software, it doesn’t have to be dealt with again.
Going paperless will also save you money, as all your documents and reports will be electronic. This will also reduce the chances of your documents getting lost.
Greater Accessibility
All the data that is stored in the cloud can be accessed if you have an Internet connection, providing you with much greater accessibility. You can access your data anytime, anywhere.
Certain property management software will provide you with multiple portals for your tenants, contractors and owners. This will allow your stakeholders to access all the data in real-time.