What Makes A Good Property Management?
Property management software (PMS) is one of the most essential pieces of technology for any property manager. It helps you manage each aspect of your business, including tenants, maintenance issues, accounting, inspections, and more.
No matter what kind of property management company you run, there are several key areas where PMS comes into play. Here are some of the ways PMS can make your life easier and improve the quality of your business.
Tenant Relations: Managing your tenant relationships is one of the most important aspects of being a property manager. With PMS, you can easily create and manage contracts, track payments, provide information to prospective tenants, and more.
Maintenance & Repair: Maintenance and repair problems are usually caused by miscommunication, poor communication, or lack of knowledge about the building itself. PMS is a great tool for tracking these kinds of problems, so you know exactly what needs fixing and when.
Accounting: Accounting is often overlooked, but it’s an important part of running a successful business. When you can accurately track expenses, receipts, and income, you can better plan future budgets and ensure you’re making the money you expect.
Inspections: Inspections are a crucial part of managing a rental property. They help protect your investment, prevent costly repairs, and ensure the safety of your residents. PMS can streamline this process by allowing you to schedule, track, and report on inspection results.
Landlord Insurance: Landlords are required to carry insurance for properties under $5 million in value. But finding a reputable insurer can be difficult, especially for small businesses. That’s why PMS can help. By having an accurate record of every claim made, you can easily show proof of coverage and avoid possible disputes over claims.
Rental Applications: Rental applications are another must-have for any landlord. They allow you to collect all relevant information about potential tenants and screen them before hiring them. Plus, they provide valuable data points for future reference.
With PMS, you can get the most out of your property management experience. You’ll have access to detailed reports at anytime, anywhere, whether you’re sitting behind your desk or relaxing at home. Best of all, you won’t need to spend hours searching through spreadsheets and old files to find the information you need.
The best PMS solutions include:
Manage up to 1,000+ properties
What Is Property Management Software Property management software is a suite of applications used to run a property management business. These include accounting software, invoicing software, inventory software, and more.