These 3 property management tips will help you gain a better ROI for your properties. As a property manager, your schedule is hectic. Between tenants, vendors, and lenders, it feels like there are not enough hours in your day. Prioritization is key. Have you considered the power of commercial property management software? Let’s discuss how using property management software frees up your time so you can make a bigger impact every day.
Improve Time Management
One of the most useful property management tips to produce a great ROI on your properties is reducing the time spent on your daily activities. Successful property management involves tracking daily tasks and events involving your properties. From scheduling building maintenance to running cash flow reports, property managers know how to let software do the heavy lifting. Having a centralized view of your portfolio has never been easier than through professional property management software. If you are still running your operation by hand and on paper, you are limiting your efficiency.
Commercial real estate management software automates bookkeeping tasks and frees your schedule to focus on more important uses of your time. Automating routine tasks saves money so employees no longer are paid to input data entry. The more time you have available to communicate with your tenants, investors, and property owners – the better.
See Real-Time Data Instantly
When making financial decisions for your properties, it is vital to look at accurate, current data. Without seeing the correct information, you are putting your property’s profit at risk. Property management software allows property managers to access reports, payment data, and other information instantly. Traditional bookkeeping methods do not have up-to-date reports or the ability to get reports in a matter of seconds.
Property management software also sets up reminders for tasks and events like rent due dates and scheduled maintenance days. You can schedule cash flow more easily knowing when deposits and expenses are expected. The software helps you determine the best course of action based on real-time data.
Instead of taking days to gather information for a plan, data-gathering and decisions are made within the same day. Real-time data provides vital information for landlords and tenants. Rent payment history, messages, and other data are accessible to tenants. This increases transparency among tenants and builds trust.
Access from Anywhere with Any Device
Commercial real estate management software allows property managers to access their data from anywhere, anytime. Your property’s data is saved to the cloud making it easily accessible when you are away from your office. Information stored in the cloud is secure and straightforward to navigate. You control access to any document stored in the cloud. Each team member has access to, or is restricted from, any data stored within the Cloud. Integrating property management software allows easy access and sharing amongst employees, tenants, and vendors. In contrast, data stored on a desktop requires physical hardware and access to maintain.
Commercial real estate management software streamlines daily tasks to make your property run
smoothly. Not only does it make it automate your tasks, but it helps tenants and vendors. Property
management software increases communication between you, vendors, and tenants. This ensures your property runs efficiently. If you need help automating your daily tasks, STRATAFOLIO is the right choice for you. Schedule a 1:1 demo today!
