Property management is a complex job with many moving parts. To stay organized and keep track of everything, it’s beneficial to use tools like cloud-based property management software. If you want to improve your business, the time to invest in property management software is now! Here’s what you need to know about property management software for 2023.
Cloud-Based Software Is Accessible from Anywhere
Instead of always needing to be at your desktop to access your property management documents, you can access your documents and software from your phone or laptop. Most property management software saves its data in the cloud, so it can be accessed from anywhere and on any of your devices.
Automates Tedious Tasks
Property management software can automate several tasks to save you time every day. Instead of spending hours managing your properties and finances, you can let the software do much of the work for you! You can complete tasks such as CAM reconciliation in just one click without having to do the process manually. Automating these tasks will cut down on data entry errors. This will save you time and money.
Reminders for Tasks and Maintenance
Property management software can keep track of important dates, tasks, and scheduled maintenance times. You won’t have to worry about missing a lease renewal date, annual maintenance, or rent payments. This will allow you to have an open line of communication with your tenants and vendors. You can easily plan out your calendar and make sure events do not conflict with each other. Learn more about available alert settings in our Knowledge Base article.
Problem-Solving for Tenants
When a tenant is having an issue with their apartment or home, they want to resolve it as quickly as possible. As the property owner or manager, it’s also in your best interest to repair things as quickly as possible. Property management software can help by offering:
- Emails or messages between the property manager and tenant
- Access to their leases and other documents
- Rent payment portal and viewing past payments
- Tracking of maintenance issues
This software helps build a positive relationship between tenants and property managers by making it easier to communicate with one another. You read even more benefits in this recent blog.
Organized Accounting and Property Data
Property management software is helpful for tracking finances and information about each property. Transactions, repairs, bank statements, and bills can be monitored with this software to ensure that you make and receive payments on time. This will help when managing invoices or recalling transactions.
These systems will help track trends in tenant payments, property conditions, and the profit being made from your properties. This data can help you make decisions about improvements, rates, and more. The ability to see trends in tenant payments will let you know if the tenant is consistently paying late or on time.
STRATAFOLIO is designed with commercial property management in mind. Our cloud-based, QuickBooks-integrated software makes property management easy and hassle-free. If you want to learn more about how we can help you, schedule a 1:1 demo with us today!