A property management company must be able to efficiently keep track of a consistent stream of information that is related to each property, each tenant and each landlord. Using property management software will help your company stay on top of everything and keep it running smoothly. However, with wide variety of choices available, how do you select the one for your company’s needs?
There are a few factors to consider when choosing property management software.
What Are Your Company’s Needs?
The software you purchase should be able to meet the current needs of your business as well as the company’s goals. As you are making your decision, you will need to consider whether you are planning to expand your business, specialize in a certain type of property or manage several types of properties.
Some of the functions that the software should offer are:
• Tenant screening
• Integrated billing system
• Ratio utility billing
Also check to see if the software offers web hosting or site customization. For example, if you manage different properties, check to see if the software will allow you to brand a website for each property.
Are There Any Additional Features Offered By The Software Package?
Check to see if the software has features that allows you to set up portals for landlords and tenants. This is the one feature that could be a major selling point for property owners to do business with your company. They will be able to view documents, photos and reports anytime of the day or night.
There can also be a separate portal for tenants. They would be able to pay their rent online, and also submit any requests for maintenance.
These are some of the factors to consider when choosing a software for your property management company. Comparison shop and select the one that is best suited for the needs of your business and clients.