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Property Management Software: What Should You Be Using?

Batesville Property Manager Reviewing Their Software OptionsAs a Batesville property investor, you have to have the right tools to make your business stay on the right track. If you are planning to manage your rental properties yourself, and if you own or plan to have multiple single-family rental homes, you can increase your organization and cash flow by utilizing a property management software. The more properties you own, the more you may desire a software solution to help you track rent payments, vacancies, insurance, repairs and maintenance expenses, and much more.

Regarding social presence and customer reviews, one of the best property management software options for individual property investors is Appfolio Property Manager. As determined by new and old users of the software, Appfolio is affordable, easy to use, and cloud-based, which makes it ideal for property owners who like to keep a constant eye on their properties. Widely known features comprise an Owner Portal, the capacity to generate reports, and a professional website tool. Other benefits that users mentioned include excellent quality customer service and a responsive company that welcomes user evaluation.

Another highly-rated property management software platform is Rentec Direct. Designed for professional property managers, this software involves the capability to set up automatic ACH payments, manage tenant screening, and publish vacancies online. You will be able to create separate logins for tenants, owners, and the property manager (if they are different). Several other benefits users reported were that the software is easy to set up and use and that it does a nice job tracking rent payments, expenses, and maintenance calls. Rentec Pro software could be a little costly for individual property owners on the account that they price their software based on the number of units (i.e., the more units you buy, the less it costs per unit).

Two other property management software programs that individual property investors may like to hear about include Buildium Property Management software and MRI’s Property Operations Work speed. First, Buildium’s platform is commonly used considering its all-inclusive capabilities. With the use of the platform, property owners can handle their business accounting, monitor expenses, make and accept online payments, and even file 1099 forms each tax season. Buildium also offers a tenant portal, an application system, a website creation tool. The downside to Buildium includes the steep learning curve and the high-end cost of their software.

MRI’s Property Operations Work speed, in contrast, is a relatively basic property management solution. Users mainly like the service contract and warranty management component of the software, which can help you to keep abreast of property maintenance and inspections. Another good feature is the service request tool, which makes it possible not only for the property manager but tenants and service providers to submit requests and work orders through a mobile app. Their pricing is not readily available, and thus you’ll want to contact the company for more info on how much you can expect to pay for a subscription.

Apart from the software programs listed here, there are more than 200 other property management software programs available on the market. But, unfortunately, most of them are focused on medium-to-large property management businesses or corporate property management and are not good options for individual rental property investors.

Needless to say, one way to ward off the trouble and expense involved in selecting the effective property management software is to hire Real Property Management Delta. We put into service our proprietary software to give property owners all of the ease and function they need while taking great care of their properties and tenants also. Contact us online or call us at 501-404-0674 to learn more.

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