Follow These 8 Tips to Choose the Best Software for Effective Management of Rental Property

Applying these tips will make your search for property management software simple and productive.

1.        Very easy to use:

For most landlords, time is always in short supply. The best landlord management software packages are designed to minimize the amount of time you spend managing your properties. You are advised to consult the manual and learn some of its features if you want to make the most of your software’s features. You can also talk to the seller about it if you want a useful overview of how the software works. Look for an easy-to-use property management software solution that helps you manage your property online.

2.       Based on cloud technology:

Landlord management software does not need to be installed on a computer or server. Instead, all of your vital information from rental details to financial reports remains secure in the cloud. All of your key documents and information are secured using cloud technology, so even if your computer hard-drive dies, you won’t lose anything.  

3.       Track communication with tenants and suppliers:

This is another key feature of any software designed to help landlords practice digital property management easily. An on-site messaging technology tool allows landlords, tenants and the service providers to converse with each other directly, whether for a routine enquiry or emergency property repairs.

           

4.       Easy to use options for secure online payments:

The best landlord management software will always be equipped with useful and secure online payment features. Such features will simplify your finance management and payment procedures for all of your tenants. Make sure the payment solution you choose allows you to collect rent. Many online payment solutions are expensive, so look for an affordable property management software package.

5.       Simplified accounting:

Cloud accounting makes life a lot easier for landlords, so look for cloud-based property management and landlord software that offers simplified accounting tools. Ideally, any landlord software you choose should have accountancy built in, but failing that, the software should integrate with an effective cloud accounting system.

6.       Ample technical support:

Some of the popular property management software systems can be rather expensive. You may be charged more than £100 per hour if you need technical support. Look for a landlord software solution that offers tech support for free or at a discounted price. You are likely to need help and support in the early stages, so why pay for it when you don’t need to?

7.       Visual work orders:

Make sure that your property management software allows you to attach files in the form of documents, files, images, audios and videos, etc. for online work orders. Visual work orders help both tenants and landlords stay in control when repairs need to be carried out. The more organized you are, the less likely you are to experience problems with property maintenance and repairs.

8.       The right price:

Lastly, don’t forget to check the price of any rental property software package under consideration. Be sure to do some research before you invest in landlord software. This is a big investment, particularly for smaller landlords, so you need to make sure the package you choose is the right one for your business.