TOP REASONS WHY YOU SHOULD USE LANDLORD SOFTWARE TO RUN YOUR PROPERTY BUSINESSFebruary 4, 2020 / by Marco / Categories : Business
As a businessman, it’s likely that you started your property business by renting out a couple of office spaces several years ago and used Excel to record and track your data. Everything ran smoothly. Your business grew steadily. Now, you have a whole building to rent out and limitless opportunities to make a profit. Every aspect of your business is growing except the software that you’re using to carry out your landlord duties.
You may be comfortable with using excel spreadsheets, but you should make an honest assessment of your current situation. Is the software that you’re using able to provide other significant uses apart from recording what you encoded? Do you ever find yourself spending most of your time looking for files and documents instead of managing the business?
If you answered in the affirmative to the questions, you should consider changing your ordinary spreadsheet solution in favor of Landlord software. Relying on this application that was created specifically for property owners offers the following benefits:
Being a good landlord requires building a good relationship with tenants, maintaining the integrity of your properties, and abiding by all government laws and regulations. Unfortunately, achieving all these things is taxing, especially if you’re managing several buildings with a mere spreadsheet application.
When you use landlord software, everything becomes more convenient because of automation. For instance, you no longer have to go to the bank several times to cash-in rental payments since the software allows online payments. Your tenants can quickly pay their rents online, and the system will notify you immediately when payments have been made.
You can track your income and expenses as well and even attach receipts and invoices. You can even generate reports and financial statements without the need to compute manually. Essentially, this management tool can help you reduce the time and energy you spend on your regular tasks.
Tenant Screening Capability
You need good tenants to build a successful property business, which is why you need an excellent system that will allow you to screen prospective renters effectively. Landlord systems have features in place to make tenant screening reliable and easy.
The software provides background check reports containing information about the applicant’s capacity to pay, credit history, eviction record, and even criminal records. All these inputs are valuable in selecting potential tenants that you can partner with.
Another excellent feature of a landlord system is file management. All the files and documents you have are stored in one place and can be retrieved easily. You no longer have to spend hours opening and checking your computer folders one by one to find the data that you need.
With this application, you can readily retrieve and send lease agreements and other pertinent documents to your tenants without the hassle. You can also prevent delays and complications that can happen if you fail to access records immediately.
Peace of Mind
Your records and property documents are valuable. If you merely keep them on your computer, the files can be deleted or corrupted at any time. Such an unfortunate happening can be costly and troublesome.
When you rely on landlord software, losing files and documents is not an issue since everything is protected and securely kept. The system can recover data automatically should problems arise.
The points above are just some of the remarkable advantages of using landlord software. By using this tool, you will not only make your day-to-day tasks more manageable, but it will also provide you with more time to focus on matters that will drive your business to new heights.
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