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Property Management Software - 0 views

www.buzzle.com/...perty-management-software.html
shared by Yanique Coach on 14 Mar 12 - No Cached
  • A property manager is expected to handle a multitude of tasks, viz. rent collection, maintenance of the property, keeping track of vacancies and reporting income and expenses. This is where real estate investment management and property management software can come in handy and help managers and investors execute business operations with efficiency and ease.
  • A property manager is required to keep track of details like income from rental properties, Total Cash Flow (TCF) and vacancies.
  • Advantages for the Tenant: Using a property management software can be highly advantageous for the tenant, since the software allows tenants to pay the rent online.
  • Yanique Coach on 14 Mar 12
     
    The article discusses the features of a property management software and the advantages for a manager or to the owner of the property as a result of using the software.A property management software is versatile and can be used to manage both residential and commercial properties. The advantage is that the tenant can pay rent using recurring ACH, eChecks or credit cards. A landlord can use the property management software for finding the rental yield, which is a measure of the profitability of the investment. 
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6 Top Benefits of Property Management Software | TEC - 0 views

www3.technologyevaluation.com/...f-Property-Management-Software technology hospitality software pms
shared by anonymous on 01 Oct 19 - No Cached
  • Property management software (PMS) offers so many advantages that there's really no longer a reason not to deploy it.
  • Cloud-based software can alert you to a problem immediately as soon as a work order is added to the system.
    • anonymous
      anonymous on 01 Oct 19
       
      1. Maintenance Dealing with maintenance issues almost immediately can help you keep your hotel in its prime state. Also in apartment buildings it is important both for tenants and the staff to resolve their maintenance issues as soon as possible because it is an inconvenience that nobody wants to deal with for too long.
  • This kind of system also guarantees integrity on the part of your contractors. Constant access to a cloud database of work orders allows you to schedule work and ensures that you'll know when something wasn't done on time.
  • ...18 more annotations...
  • Use of this software won't require a property manager to look through anything that would be considered an unreasonable invasion of privacy. It can also remind a landlord if it would be illegal to reject an applicant because of something the landlord considers questionable.
    • anonymous
      anonymous on 01 Oct 19
       
      2. Tenant Applications & Screenings Using this software can help the tenant selection process be more secure. It'll make the living environment a safer one because the management will know exactly what kind of people live in their residency. The system will also be a more accurate one with PMS.
  • PMS apps always receive regular updates, so you'll never be out of the loop as far as these legislative changes are concerned.
  • The software can also ensure that all applicants are asked the same questions. This protects you by ensuring you don’t forget or overlook an important questions, and protects the applicants by ensuring they are not singled out for additional discriminatory inquiries.
  • Accepting rental payments online makes things easier for your tenants and yourself. Letting a tenant pay online can eliminate the need to visit them in person or to maintain regular office hours, and can save you time that would otherwise be spent accepting, sorting, and depositing checks.
    • anonymous
      anonymous on 01 Oct 19
       
      3. Online Payments Living in a building complex that allows for online payments makes things so much easier for both tenants and management. Most if not all of the residents prefer to make payments through a system online instead of having to in person and make the payment in the office. Plus having the option to make automatic payments saves some residents from late payments.
  • automatic payments
  • payment tracking and easily accessible records
  • Many property management tools give you the option of automatically logging financial data, which takes all of the guesswork out of the task.
    • anonymous
      anonymous on 01 Oct 19
       
      4. Data Tracking & Report Generation PMS makes tracking things such as the financial information a little easier. It'll show you reports about your finances.
  • Using PMS apps in this way might help you get a handle on what aspects of your venture need to be changed to boost your ROI.
  • Business intelligence
    • anonymous
      anonymous on 01 Oct 19
       
      4. Business Intelligence This could help you keep track of patterns that you weren't aware of. It can help you work out strategies to improve.
  • includes strategies on how to best analyze large amounts of data, as well as the technology used to do so
  • By applying business intelligence technology to these sources of data, you can mine them for patterns you might never know existed. For instance, you could potentially find a correlation between certain times of the year and spikes in overall maintenance costs.
  • For example, weather could be causing damage to your property, which would necessitate an increase in work orders. If this is the case, then the business intelligence interface should have collected relevant stats on the numbers of orders made out in each month.
  • Doing background checks on new applicants and then reading a financial report can really help when it comes to preparing for the future. One of the big advantages to using PMS technology is that you're able to act on this information instantly.
    • anonymous
      anonymous on 01 Oct 19
       
      5. Business Running Smoothly PMS can help you keep track of everything going on within your business, from who is currently living in your buildings to verifying the vendors that come in to the building.
  •   Residential property managers may use these features to keep tabs on everyone who lives on the same property
  • This kind of technology is also useful for keeping tabs on certified vendors who you can order repair parts from without violating any warranties.
  • ensure that you'll stand out from the competition as soon as you pick a PMS app
    • anonymous
      anonymous on 01 Oct 19
       
      6. Standing Out PMS can really help you see the areas in which changes need to be made. By making these changes your are ensuring that improvement is being made therefore keeping your business at its best.
  • Marketing information collected from analytical data will also help you to know where you need to focus your promotion efforts the most
  • you'll be able to compare recent sets of data against older ones to see if they've been through a positive change or not
  • anonymous on 01 Oct 19
     
    This articles discusses the top 6 benefits of having PMS in your business and their importance.
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Property Management Software 101: Getting Setup - Innago - 1 views

innago.com/ent-software-101-getting-setup software property management landlords accounting technology
shared by Alma Beatrice on 26 May 23 - No Cached
  • As a landlord in 2022, you know that property management software is a game changer. It streamlines the most important aspects of your business and saves you precious time. Even better, there are free platforms with the same capabilities as many paid ones. So, you’ve adopted the technology, but now what? In this article, we will walk through how to get set up and some key things to keep in mind when you’re starting out with property management software.
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AirBnB leads to horror story - 0 views

www.nytimes.com/...s-to-need-for-precautions.html
shared by anonymous on 28 May 18 - No Cached
  • anonymous on 28 May 18
     
    This article was about a young man who booked an AirBnb in Madrid and was sexually assaulted by the landlord. He sent texts to his mom asking her to help. When the mother called AirBnb to report this, they didn't respond in a timely manner and told her to call the Madrid police. The article brings up the question of security when booking AirBnb. One assumes when booking on this website, that AirBnb will try to protect its customers as much as possible but this was not the case in this particular situation. This matter was brought to the attention of AirBnb executives who want to bring about change and reinforced the policies and processes of a guest being in danger to the employees. They were better trained to know to call the police right away when the receive a report from a guest in danger.
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QuickBooks vs. Property Management Software for Rental Accounting - 1 views

www.rentecdirect.com/...s-property-management-software PMS Hospitality Software tech Trending2022 Landlords
shared by locutuz on 14 Apr 22 - No Cached
  • locutuz on 14 Apr 22
     
    In my industry (property management) I get asked all the time why not to just use Quickbooks. This is the best primer I've found for it to date.
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