What Good Property Managers Do (And Why They Need Software To Do It)
The life of a property manager is varied and complex. On one hand, they are serving investors who need to see a profit from their rentals. On the other hand, they have tenants who need affordable places to live. These two sides of the coin are at times at odds, and the property manager sits smack dab in the middle. Here you'll see a few of a property manager's duties and how having the right software can help.
Customer Service
Possibly the most important of the duties of a property manager is customer service. Dealing with the needs of what can feel like hoards of people takes time and energy. Having a system that allows for tenants to ask for statements, pay rent, or follow up on repairs from their computers frees up more of a property manager's time for taking phone calls, showing houses, and interfacing with clients.
Advertising
Posting properties online can be time consuming. Uploading descriptions and pictures, and creating profiles at all the websites that offer such services takes a long time, but the right property management software can do it all for you. Upload your ad to your management software and it can be synced with sites all over the Web. No more copying and pasting and endless picture uploads, with good software it is one and done, and you're back to your other duties.
Maintenance
Maintenance is important to both investors and tenants. Prompt maintenance keeps an investor's ROI high, and keeps good tenants happy. Allowing tenants to request maintenance tasks directly into the software helps keep demands on a property manager's time low, and being able to track expenses related to maintaining properties, to whom each maintenance task is assigned, and how each task is handled keeps the maintenance ball rolling in the right direction.
Screening
One bad apple can ruin the bunch, and one bad renter can wreck a business's reputation. You can prevent renting to a bad apple if you take care, and a good property management system will allow for thorough screening of tenants' criminal backgrounds and credit reports.
Being a property manager can be very rewarding. You're helping people feel at home on one hand and helping others grow their retirement portfolio on the other. It's also a challenging and varied line of work, and having the right software system can make it all easier. Check out some reviews, think about the needs of your property management business, and start streamlining the way you handle all things property management. For more information, visit sites like rentecdirect.com.