If you are responsible for managing the maintenance and general operations of commercial or residential properties, then property management software can be a valuable tool. While you may have records on your computer or online to track rent payments, repairs and vendor records, it can be cumbersome to juggle these different resources. With the software, you can simplify your administrative functions.
Inventory Functions
When you are accountable for both residential and commercial properties, software to handle all aspects of each of them in one package can make your life and job a whole lot simpler. You can segregate your types of properties as well as group them by location, property manager, use of the property, and more.
You can create unique profiles for each property under your control using the property management software. Within these properties, you can classify them down even further by types of units such as grouping all same number of bedroom units together or even by floor coverings, appliance availability and more. Or, you may want to group your properties by the monthly rates tenants pay.
To further break things down, the software can be used to create and maintain descriptions of each individual unit within a property. For instance, with commercial properties, you can log the individual businesses that rent there as well as list the individual layouts of each space, from square footage down to the number of lighting fixtures that exist. The same principle applies to residential properties like apartment buildings, condos and duplexes. With just a few clicks of the mouse and keyboard, you can pull up how many empty spaces you have in your residential properties as well as how many bedrooms and baths they have and even whether they have a washing machine and clothes dryer hook-up.
Tenant Tracking
One of the best features of property management software is the ability to keep track of individual tenants. Credit reports can be saved in tenant profiles as well as their payment history, correspondence history, requests for property improvements and repairs as well as any other information you deem appropriate.
With the customised reports your software can run for you, you could easily discern which tenants are late on the rent, have a lease coming up for renewal and whether or not a moving tenant is eligible for a security deposit refund. Being able to draft new leases and other contracts and paperwork is a possibility too, within software.
Bring your business operations into the 21st century and integrate all your records and tracking mechanisms into one property management software package. Test drive the software you plan to purchase to ensure you will be able to easily navigate it.
the best tool a property manager can have and Multi-User Systems Ltd at can help you automate property management.
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