Why should you be using Landlord Software to manage your properties? What do you think the competition is using? Well with profit margins getting slimmer by the week, Landlord Software can save you time, money and mistakes while helping you to grow your business at the same time.
It seems that everyone and their dog has found a way to take advantage of the new rush on the Real Estate market. One area that has seen an unusual increase in competition is the field of property management tools for Landlords. Specifically, Landlord property management software tools. There are so many different products out there but why do you need this stuff in the first place?
As a Landlord you already know that your are concerned with the MTP (money, time and problems). Choose the right Landlord software and you should be able to save money, have more time and manage those unexpected problems with ease. Lets look at the MTP more closely.
Landlord Software Can Save You Money
The main reason that you are in business at all is to make money. As the saying goes, money saved is money earned. A good Landlord software package should be able to save you money in a variety of ways:
1) Track rental income and expenses
2) Keep all your bank accounts in one place
3) Create budgets to estimate property income and expenses
4) Screen out deadbeat tenants by running tenant credit and criminal background checks
5) Handle rental payments electronically over the Internet
6) Integrate with tax software like Quickbooks
7) Print and mail 1099 recipient copies to your owners and vendors
8) Provide full Accounting support and spread sheets across all units
9) Track repairs and contractor costs
10) Automatically calculate late fees and refund
11) Print cheques and receipts
Landlord Software Can Save You Time
Your time is valuable. The more time you can free up the more time you will have to focus on what is important to you like expanding your business or spending less time working. Good Landlord software can save you time by:
1) Running key financial reports on demand
2) Automatically manage leases and up coming vacancies
3) Advertise vacancies on your own online website/portal
4) Allow you to communicate with your tenants online
5) Give you access to your data from anywhere you may be
6) Speed up your accounting with automated tools and notification
7) Manage to do list, repairs and service calls
8) Manage documents like contracts, leases and correspondence
9) Generate bulk emails to tenants
10) Give your tenants online access to their accounts and a communal website
11) Centralise income and expense tracking for tax purposes
Landlord Software Can Help You To Manage Problems Better
Part of being a Landlord is managing the everyday problems that will inevitably arise. Landlord software can help you in this regard too if it performs the following:
1) Manage and track property up keep, repairs and service calls
2) Maintains a list of contractors and emergency numbers
3) Allow tenants to submit maintenance requests online
4) Notify you and/or the appropriate employee instantly when new requests arrive
5) Keep tenants informed with periodic updates
6) Pay bills from vendors online
Landlord Software Can Help You To Grow Your Business
If you employ the full power that is available from today’s Landlord software you will be in a much better position to handle more tenants (units) and still maintain a high standard of quality. You will look more professional and organised to your tenants. As a result you should have a lower rate of turn-over in your leases. Again, this will allow you to take on more units.
Most of these things sound fairly basic but most Landlords start out doing most these different tasks with many different and scattered tools. Many get frustrated and just do the bare minimum.
Is there really one software that does all of these tasks?
Yes there is one online software that provides all these tools and more. Buildium Landlord Edition lets you manage all of your rental properties from one web based application. Buildium works great no matter how many units you operate. This online tool requires no fancy computers. In fact, you can log into your secure online property management application from anywhere there is an internet connection. Set up is simple and cheap. You can pay by the month or by the year and by the number of rental units you wish to maintain. The plans start at less than $10 per month! Far less than what you would pay for an accountant, bookkeeper and property manager!
Unlike traditional software that needs constant downloads and updating, Buildium does all the work on their site as soon as you log into your secure account you will be able to enjoy any new features as they are released!
Buildium are now offering a limited time FREE 15 day trial.
Why not try
Buildium Landlord Edition today? They offer a free 15
day trial and you will be pleasently surprised at what you see.
Get your 15 day FREE trial here
