Ways That a Software for Cloud Property Management Can Help Landlords Save Money

by Amer Siddiq Business Owner

Cloud property management software is a far more effective way to manage a property portfolio. An online property management software solution helps property owners save a lot of money, not to mention valuable time when tenant screening, collecting rent and carrying out other everyday landlord tasks.

Software designed for cloud property management is more popular than ever before because of its technical accuracy and efficiency when streamlining all of your rental management tasks. Most importantly, using such a property management medium allows landlords the luxury of taking full control of their property rental business.

Reading this article will help you learn more about the cost-efficient cloud property management practices listed below:

Efficient Marketing
Accurate Tenant Screening
Reduction in Eviction Rate and Vacancies

Let’s see how an online property management software solution helps landlords enjoy these benefits.

1. Efficient Marketing:

A cloud property management software solution helps landlords to save lots of time when marketing their rental properties. The software maximizes a property’s exposure using a rental listing syndication feature. To do this, all you have to do is follow the steps below:

· Craft an accurate marketing profile consisting of full property details and – most importantly – great pictures

· Publish the property listing on popular property rental portals

This cost-effective and efficient marketing feature incorporated within quality property management software packages is a powerful tool for landlords.

· Fill vacancies fast

· Increase income from rental property

· Reach out to a larger pool of potential tenants

· Improve the selection process of more qualified tenants

Accurate Tenant Screening:

The tenant screening process is very important for any landlord. Screening tenants ensures you are renting your property to a responsible and trustworthy tenant. This is made a lot easier if you use an advanced property management software solution, which performs credit and background checks on each applicant. The information provided will help you to weed out unsuitable people who may have a history of bad debts or even a criminal record. It will also make it easier for you to determine whether a potential tenant has the right to live in the UK.

Cloud property management software is a valuable tool in a professional landlord’s belt, as it helps you avoid delayed payments or no-payments. And as any experienced landlord knows to their cost, non-paying tenants are a nightmare.

Reduction in Eviction Rate and Vacancies:

Tenant eviction is a terribly expensive process for landlords. Most landlords would prefer not to go through the hassle of evicting a problem tenant, so the best way to avoid this is to screen tenants more effectively. Landlords can easily save precious time and money by using online property management software dedicated to the reduction of eviction and vacancies.

Generating an eviction report will reveal a tenant’s rental history. Using cloud technology for managing properties means you can learn a lot about your tenants, including:

· Their willingness to obey all of the rules written into the tenancy agreement

· Any criminal activity that takes place in your property

· Their reasons for previous evictions