Simplify Your Business With These 5 Tools For Landlords

Tools for property managers have changed dramatically in the last decade. With software and technology advancements, managers can now access intelligent tools that stretch resources and save time. And with the average landlord managing three properties, every minute counts. 

However, with so many tools on the market, getting lost in the noise is easy. Today, we recommend tools guaranteed to improve how you manage your properties and simplify your business. Take advantage of these tools and reap the powerful benefits. 

Why Do Property Managers Need Technology?

Technology and being a property manager are intertwined. You use technology to contact your residents, receive rental payments, and pay contractors. But as we continue to digitize almost all aspects of property management, staying tech-savvy becomes a requirement for property managers who hope to grow. 

Incorporating property management software, rent calculators, and screening platforms into your day-to-day management is necessary if you hope to stay relevant in the property market. 

However, incorporating technology isn’t just about staying ahead of the curve. Technology has changed property management for the better.

Benefits Of Property Manager Software

Here are a few essential benefits of using property management software. 

Better Communication

Property management tools open communication channels between property managers, professionals, and residents. Let’s explain. 

Some property management tools have features that help you get in touch with local professionals and contractors, which can be an excellent help for maintenance and repairs. Even the tools that don’t directly put you in touch with professionals still aim to improve communication with these professionals, which prevents miscommunication and maintenance issues. 

On the other hand, property manager software encourages communication between residents and property managers. Open communication is critical in property management. If both parties can communicate freely, smoother operations and easier management follow naturally. 

Automated Features Save Time 

Property management tools automate many daily tasks that take up time. By integrating these types of software, you can set it and forget BOUR miscellaneous and time-consuming tasks. You end up with more time and resources to focus on other aspects of your property management business. 

Better Financials

No matter how good you are at mathematics, you’ll never outperform software. Property management tools like rent calculators with integrated accounting features will do the math for you, ensuring you always have the correct numbers on your books. 

Property management software also considers regulations, taxes, and other, often forgotten, fees. They’re not plagued by forgetfulness like we are. The software will precisely and accurately create budgets and payments and account for all the expenses property managers tend to forget. 

Remote Access

Property management tools rely on internet access and are accessible from multiple devices through an online portal. Property managers can now access and manage properties from almost anywhere. 

You no longer need to be physically present to manage your units. With access to professionals and shared features, you can even get others involved in maintenance without being around. 

Are You Using These 5 Tools For Property Managers?

If you want to incorporate property management tools into your business model, use these tools to get a great start. 

1. RentCheck: Best For Inspections

RentCheck is a property inspection platform with powerful but easy-to-use features. The software empowers residents and lets them perform rental property inspections.

Besides resident-led inspections, it also offers a host of other unique features, including: 

• Automated reminders to collect rent and renew leases
• Easy scheduling for lease and maintenance tracking 
• Time-stamped reports for efficient and legal property tracking
• Easy data and property import and integration features
• Customizable inspections

With RentCheck, managers save time, make more money, and stay on top of inspections. 

2. PayRent: Rent Collection

As the name suggests, rent collection software helps property managers collect rent on time. More advanced rent collection software, like PayRent, offers extra features for comprehensive rent collection and tracking. 

Some popular features include auto payments, where property managers can set up automatic rent collection. 

Rent collection software is a very convenient tool, especially for property managers who own more units than they can keep track of. 

3. RentPrep: Resident Screening

If you don’t screen your renters, you risk renting to someone with bad credit. Basic background checks are also beneficial in finding people who suit your units and neighborhood best. 

If you’re renting predominantly to elderly individuals, renting a house to a group of college students might not be the best idea. 

Luckily, resident screening software like RentPrep lets you check residents’ credit records and do background checks. You can now approve or deny applicants and ensure only the best applicant gets the property. 

4. Avail: Rent Price Analysis

As a property manager, you must price your properties while growing your revenue responsibly. One way to do this is to use rent price analysis software. This software lets you analyze national, state, and neighborhood property trends to establish a fair rental price for you and your residents. 

Use Avail to analyze local rental prices. If you’re priced fairly, you’ll minimize vacant units and increase profit. 

5. Quickbooks: Accounting

Keeping track of all your units and their associated costs and returns, rent, maintenance, taxes, etc. – can be time-consuming and overwhelming. Hiring a full-time accountant is also too expensive for most property managers. 

That’s where bookkeeping and accounting software like Quickbooks come in handy. All you need to do is input the information or set up automatic accounting features, and the software takes care of the rest. Not only will it save you time and stress, but it’ll prevent mistakes that could cost you money down the line. 

Start Using RentCheck For Intelligent Rental Property Inspections

Property manager tools are increasingly advanced, making property management more accessible and streamlining the most time-consuming tasks. It’s also improving communication between residents and property managers, increasing transparency, and improving the finances for those smart enough to adopt tech in their management processes. 

Use the above tools to maximize your profits and manage your time better. But if there’s one tool we recommend above all else, it’s RentCheck. View our demo and see why so many property managers trust us to lead them into the future of property management.