Technology

5 Best Property Management Software Solutions for Realtors

There are various software solutions to manage the property. This blog discusses some of the best solutions.

If you are a realtor, you will need the best property management software. It can automate a majority of tasks like tenant management, facility management, leasing, and accounting. Some software provides you with features to establish communication between you and your tenant.

Property management is such a big task. Not only do you need to find a tenant for the property, but you also need to keep it in good condition. You are entirely responsible for property management.

It is not going to be very easy without the use of the software. You do not need to invest in these software solutions if you have just a single property.

However, suppose you are a landlord of a couple of properties or a property management firm managing several locations. In that case, you cannot imagine managing it without the need for property software solutions.

Based on your business needs, you will have to pick the property management software. This blog discusses some software solutions that you can use to manage your business efficiently.

Buildium

This is the best software when you have to manage multiple properties. The software can help you approve lease applications, handle payments and resolve maintenance issues. Here are the features of Buildium:

  • The best thing about this software is you can create your portfolio on your own terms. You can search the area around you and choose the property to invest in.
  • It accepts payments with credit cards and ACH. You can get paid faster with such online payment modes. You can also automate collection and payments with this software.
  • You can scrutinise business expenses along with property management expenses.
  • You can store all crucial documents related to property on the cloud and access them anytime from anywhere.
  • You can receive maintenance request online, ask executives and mechanics to take up the responsibility and pay bills just within a few clicks.
  • It can help get an insight into analytics to make the right business decision.

TenantCloud

This provides end-to-end solutions. In other words, you can describe its all-in-one solution. The most popular features it offers include but not limited to be:

  • Tenant management
  • Full accounting
  • Online payments
  • Free listing website
  • Online maintenance requests
  • Tenant screening
  • Automatic invoicing
  • Property analysis reports
  • Tenants screening
  • Automatic invoicing
  • Online application
  • Online rent collection
  • Rental accounting
  • Payment tracking
  • Visual maintenance requests
  • Automatic invoicing
  • Cloud storage

You can sign up without paying any fees. If you enrol for the primary account, you can manage several activities, including tenant management, rent collection, and accepting and sending payments.

You can always upgrade to additional features. You do not need to worry about security. The software servers are encrypted with SSL, and therefore, your data will be private to you.

However, it is crucial to note that only the basic plan will allow you to use it free of cost. Although it sounds good that you can use the basic feature free of cost, you may not be able to avail yourself of all the features.

You will have to use the upgraded version to ensure that you can utilise all features. You will have to upgrade at least to the standard plan. It will not cost you an arm and a leg. You need to pay as little as $9.

However, the monthly subscription goes up if you sign up for the advanced plan. It offers all tools that you need for full-fledged property management.

AppFolio

This one platform can help make property management more efficient and smooth. This amazing software tool can help design a better portfolio based on your needs and affordability. Here are the features of AppFolio:

  • It is featured with industry-leading AI. It can allow you to get an insight into the industry trends so you can make the right strategy where you should invest.
  • Most of the tasks are automated, and hence property management is easier and smoother.
  • You can have a record of all transactions in one place. You can also store essential documents.
  • It also provides customer service features like email and text templates, residential portal, owner portal, document management, and surveys.
  • With features like online payment, CAM tracking, corporate accounting, flexible real-time reporting, you can analyse data and then decide.
  • You can keep your property in good condition. The best part of this software is you can receive all complaints online, assign the task to the concerned person, and pay bills online.
  • Rent collection does not need to be a big problem because you can do it online with the help of this software.
  • If you need people to support you with property management, you can hire them smoothly because the software can ensure universal search, mobile app, robust training,
  • The software also offers marketing and leasing benefits.

Propertyware

It is almost similar to Buildium. It offers an open platform property management solution and hence makes property management smoother and more effective. Here are the software solutions:

  • This software solution can create a dashboard for you so you can get an insight into the current industry trends and what you need to impress your investors.
  • Since it provides personalised features, you will be able to use it as per your business needs. It will make some of the processes automated.
  • It can simplify the entire property management process because you can access the whole data right in front of you in one place.
  • If you are about to scale your business operations, this software can help you.
  • An integrated solution can help you manage all your properties. This software can undoubtedly increase your efficiency.

Syncbnb

This software aims to help those landlords who offer short term vacation rentals. This is a quite different software from those mentioned above. It generally synchronises your calendar with multiple bookings.

The software will update your calendar every time you book the vacation rental. This helps avoid double bookings. Though it is not an all-in-one solution, it can give you a guarantee about no double booking.

This software is also ideal if you are managing multiple listings. Note that this software solution can only help you manage dates for vacation rentals. If you are looking to own the one that allows you to receive and make payments online, you should buy another software solution.

As a landlord or realtor, you will need property management solutions. Before you invest in them, make sure that you have analysed your business needs. They come in different plans and to avail yourself of all features you will have to choose the upgraded feature. If you do not have enough money, you can borrow money from online lenders.

However, if you have just started your business, the right funding source will be short term loans for the unemployed.  If you are looking for these loans, make sure you choose a lender that lends you money at affordable interest rates.

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