As a property manager or landlord, you cannot overlook the importance of real estate management software. A good online property management software has the potential to improve your rental business significantly. Here are some of the major benefits of using property management system software…
Getting New Tenants
Marketing vacant properties is one of the hardest things about a real estate business. A good real estate property management software comes with automated marketing features to save you the trouble of reaching out to potential tenants and advertising your property. It also comes with tenant screening features, which saves you the hassle of having to put up with a troublesome tenant for months, if not years, after signing a rental contract.
Access to Comprehensive Information
If your property paperwork is mainly recorded and handled manually, there is a margin for error. That changes with real estate document management software. It comes with an extensive database for storing data and the features needed to organize, maintain, and retrieve it on demand. So you don’t have to rely on spreadsheets to stay on top of rent payments. On a cloud-based property management platform, all information is accessible at the click of a button on your smartphone or computer.
If you rely on spreadsheets, you are also likely to become a victim of rental fraud. How do you prove that a tenant has not paid rent if all you have is a manually updated Excel sheet to back you up? A rental property accounting software can help. All tenants pay their rent directly to the residential property management system, and the records are updated in real-time. This eliminates the possibility of error, and tenants are only invoiced when their payments are due.
If you are looking for a platform for rental management for Landlords that allows you to spend less time managing your properties and more time growing your business, trust Vatara®. Browse our plans and find the perfect match for your real estate portfolio!