subject: Are You Using The Right Property Management Software [print this page] Many property managers are using property management software. This is the age of electronic capability. So much that was once done with pen and paper is now done on a computer software program. The same is true for the property management system. Some believe that every manager will rely in one way or another on computer software to keep track of rental units.
The software can be used to track maintenance requests for instance. Some tenants become upset when a manager does not respond to a repair need. The tenant however, does not appreciate how much time it requires for a person to manage property.
The manager who is in charge of multiple units, will miss a request now and again. But if she is using a software program, the requests will be easier to keep track of. Most managers will say that tracking rent payments is the toughest part of the job.
It is easier to find out who has not paid the rent at the beginning of the month using the software. This is one of the most useful features of the program. Also, for managers who hate paperwork, the software is an asset.
Many like the idea that they no longer have to track piles of paperwork. If a hard copy is needed, the manager can simply print it out. But if not, it can simply be stored in a computer file. A manager knows that financial reports are crucial in this business.
But some managers really dislike having to put this necessary report together. But many are turning to software for help. The software can create the reports needed by the property owner that is needed for tax reports, business analysis, and profit reporting. This software creates a professional looking report.
The software can be used to track delinquent accounts. These reports, if needed, can be used in court when a tenant is in arrears. The software can deliver notices to tenants.
Some use boiler plate notices while others have custom letter features where a manager can use her letterhead to create an individual letter or notice to a particular tenant. A manager looking for the best software for her need, would be wise to look around. There are several good programs available. Some software companies offer a free trial so that the manager can find out if the software is the best choice for his or her needs.
