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Top 5 Reasons You Need Property Management Software

Posted by Joseph Slonimsky on Nov 26, 2013 2:00:00 PM
Joseph Slonimsky
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Top 5 Reasons You Need Property Management SoftwareMaybe you’ve been successfully running your property management business using just the basics – email, Excel spreadsheets, etc. So far, you’ve been managing just fine. Besides, property management software is for bigger companies, not the little guys….right? Wrong. Actually, if you’re not leveraging the power of automation through software, you are most certainly missing out and you’ll soon find yourself unable to compete with others in the industry. Property management software is something that organizations of all sizes should be using. Here’s why.

Accounting Counts

Obviously, you’re nothing if you aren’t properly accounting for your bottom line. But managing invoices, processing payments, keeping track of late notices and everything else that goes along with this piece of the business is time consuming. Wouldn’t it be nice if you could automate all of those tasks, creating more time for you or your valued team members to focus on other important things, like growing your business? Property management software is designed to make accounting a breeze, and also helps to reduce human error, improving overall performance.

Boost the productivity of your property management business. Download a free copy of The Property Manager’s Guide to Maximizing Productivity.

Payments Don’t Have to be a Pain

The old way of doing things is complicated. Invoices are processed, stuffed into envelopes, mailed out, then the checks start trickling in (probably not as quickly as you’d like). Now someone has to open those checks, key them in, prepare them to be deposited and bring them to the bank. What a hassle! With a property management system, you can receive electronic payments online, eliminating all of that tedious, time wasting work and giving you instant access to funds for better cash flow.

Maintaining Your Maintenance Requests

A huge part of successful property management is keeping up with routine and preventative maintenance requests. Yet, with so many other tasks on your plate, it’s awful easy for something to slip through the cracks. What does that get you? A frustrated tenant and the possibility of costly turnover. What if there was a way to keep track of all incoming maintenance requests in one simple to use dashboard, where requests were prioritized and where reminders for preventative maintenance would automatically pop up? Sounds great, right? Well, there is a way – property and maintenance management software.

Instant Access to Information

You know the drill. On any given day, you’re being pulled in a dozen different directions, making it difficult to get your hands on what you need, when you need it. You’ve got to trek back to the office and spend hours digging through piles of paperwork. Who has time for that? With property management software, on the other hand, you can access any piece of information you need at a moment’s notice, from wherever you are. Talk about a time (and sanity) saver!And just think of how impressed your customers and tenants will be when you can immediately produce whatever document or tidbit of information they request.

Communication is Key

When you’ve got several team members juggling multiple duties, and each one of you is running at full speed ahead, it can be challenging to come together and remain on the same page. Yet, communication among your team is absolutely essential if your business is to run smoothly and continue to grow. What’s the solution? Simple: a software product that will provide everyone with access to real-time information, keeping everyone connected from wherever they might be at any given moment. When internal communication is streamlined, the organization as a whole will run more efficiently and effectively, ultimately improving the experience for the customer.

Still think your way is the best way? We challenge you to step outside of your comfort zone and take a chance by taking a free online demo tour. We’re confident that once you see how the right property management software can boost your business to the next level and beyond, you’ll wonder why you didn’t take the plunge sooner.

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Find out what more you can do to boost the productivity of your property management business. Download a free copy of The Property Manager’s Guide to Maximizing Productivity.


Topics: Productivity, Blog, Property Management

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