How Does Property Management Software Benefit Rental Owners?

Property management software helps us to manage your home more efficiently and effectively. We work with Appfolio, which is totally integrated with the reports we run for owners, tenants, and vendors.

Our software helps us to do a number of things, and today we’re talking about how the technology benefits rental property owners.

Online and Electronic Payments

Tenants can pay rent online, and we are able to pay owners and vendors electronically. This enables us to work from anywhere; even from a cell phone. In addition to making and receiving payments, this software helps us get reports to you and to tenants. It has built-in texting and email capabilities. This allows us to maintain a trail of every conversation we have with tenants and with vendors. There’s no way to dispute what we do, because it’s all documented.

Property Management Software: Reviewing the Dashboard

If you take a look at our software dashboard, you’ll see that it’s pretty complex. We have tabs that cover payment delinquencies, maintenance, move-in and move-out inspections, and payments. We track metrics so we know how many maintenance orders are in place and which payments are overdue. We always know who is moving in and who is moving out. There’s a tab for leasing that shows vacancies, applications, and leases.

We can take care of everything right here. When it comes to listing properties online, we’re able to syndicate all of our available homes to the MLS, Zillow, HotPads, and other sites. We can text back and forth to tenants looking for homes, and gather all of their information in our guest cards. Prospective tenants can use this software to request appointments and apply for homes.

Saving Money for Owners and Investors

This software helps us save you money. We can figure out problems quickly with an easy break down of activities related to tenants, owners, vendors, and the tax authority. We track receivables, payables, journal entries, and GL accounts. Recurring maintenance orders are programmed in advance and tenants can contact someone 24 hours a day with repair emergencies. This makes maintenance easier on tenants and less costly for owners. For example, if the garbage disposal quits, the people at the call center can triage with the tenants before sending someone out.

There are tons of reports we can generate with this software. We can run any tenant reports, property and unit reports, or accounting reports. Our information helps us to do a better job for you. It helps us manage our communication, including letters and surveys to tenants.

If you manage your own properties, look for a property management software system. If your management company doesn’t have something that provides these details, think about switching. It keeps you out of trouble. If you have any questions or you need a strong property management company with good technology, contact us at Cavalier Estates.

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