Managing real estate is not easy. There are so many different types of problems that can arise that it is difficult to keep track of all of them. Ensuring rent is on time from tenants, remembering a unit’s rental history, managing work orders for maintenance staff, getting the correct keys for the super, and scheduling lease entries can do say: It’s too much! The right property management software can be instrumental in cleaning up a cluttered office with a million post-it notes and a cluttered mind.

Going digital.

Rather than jotting down notes by hand in notebooks or on strips of paper and sticky notes, many property managers have turned to digital technology. Modern property management software is not expensive or difficult to operate if you choose the right provider, and the time and money savings can be enormous. But if you are like me, money is not always as important as the peace of mind that no important information will somehow be leaked and never acted upon. You probably won’t know what you forgot to do until it comes up again and bites your butt, having become a big problem.

What is it?

So what is property management software really all about? Simply put, it is software that you can run on your laptop or desktop. It allows you to keep track of all your rental units, whether they are four hundred or four hundred. In an easy-to-understand interface, you can enter the rent for each unit, current and former inhabitants, special instructions or information about the unit, and much more. With the push of a button, you can list all vacant apartments or those where the lease expires in the next three months. Keep track of deposits, back rent, overdue or upcoming repairs, work orders for a superintendent and maintenance staff, etc.

Implemented correctly, it is a lifesaver!

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