Every property manager should be using software to keep up with the growing demands of the job. Tasks are always growing and demanding more from management teams, but modern software solutions make the job so much easier. Here’s 4 software programs designed specifically to simplify the job of a property manager. And each is rated very highly by current users. Chances are you’re going to love them too.
Rentec Direct includes all the tools for landlords to easily manage properties and tenants. They rank higher in customer satisfaction than any other management platform. Full review.
Price is based on the number of units managed – starts at $35/month.
Choosing Property Management Software
Property management is a multi-layered task that can take some time to fully learn and understand. However, as with most fields nowadays, there is software available that can help you out as you work to fully manage and organize all of your properties. Just as property management is an involved undertaking, so is the software that can help you to succeed at it. Below are the different aspects of property management for which software can be useful.
Performance and rent are two things that need to be tracked if you are managing properties. For tracking rent, software is especially useful if you have more than one property from which you are collecting rent. There are even programs available that can assist you with sending out letters to those who are behind on their payments in addition to the regular tracking of payments. The performance tracking software can help you to determine how much money your properties are actually making for you. It does this by tracking all costs and performing calculations for you.
Bills, taxes, and expenses are things that everyone who manages properties must contend with. These three things can add up quickly and if you are not organized it can be a difficult part of property management. The software that is available can help you to track when bills are due and how much they are. For taxes, software can be even more useful. By tracking all of your expenses and income year-round, some software will be able to produce a tax form for you when tax time comes around. This will save you much time and worry. Managing expenses with rental management software will also save you much worry. There is much in the way of expenses when you manage properties, and software will help you to see where your expenses are, and perhaps even cut down on them.
Modern software can help you to manage your properties, and do it well, without the expense of hiring a dedicated company. With software, you can take control of your own rental properties and begin to relax as the software makes the entire process much easier for you.
Of course there are numerous programs available to help you manage rental properties. Be sure to review the main features of the property management software packages before you buy. Take a look at the table above to get started. Best of luck!