Having the correct software in place for your business, no matter how big or small, is an essential part of managing your day to day operations efficiently and effectively without the need for manual intervention and tedious data capture.
Good property management software should be able to track lease expiries, with timeous notification’s in order to act proactively and ensure happy tenants and investors alike. The system should also allow the capture of escalating charges for the entire period of the lease to ensure the correct charges are raised to the tenant at all times.
The key to good property management is excellent debt collection with low or no arrears. Tools for managing credit control to immediately see tenants in arrears and be able to instantly communicate with them via email or sms are vital for achieving this goal.
Reporting should be flexible and presented clearly with the ability to export, print or save versions.
In conclusion, the software you choose should help you manage your portfolio of buildings with the minimum of effort, allowing you to expand your business or just sit back and enjoy the benefits of having a system work for you!
Written by: Diane Cochran