Friday, 1 June 2012

The Importance of Using Property Management Software

"Time is money!" So, property managers or landlords can't waste their time on the old way of doing business. They can't simply knock on each door of the apartments to collect rent or help their tenants with their needs. It's too exhausting and time consuming unless they use property management software.
Property management software is the new way of transacting business that helps landlords be more relaxed in their work. It aids them by giving them more time for themselves and their family doing chores, shopping, playing sports, and working out. They can multi-task without feeling stressed out because of the convenience that this software has to offer.
First, the software allows easy monitoring of tenants. Landlords no longer need to leave their homes or office just to monitor their tenants' payment history and follow-up on their past dues. All they need is a computer and an internet connection that lets them use the software to manage their tenants' accounts. They can simply email notification of payments and updates about their tenants' remaining balance while they inform them about recent activities that are happening in the community. Also, Tenants benefit from this because any concerns which they may have are quickly addressed. They can contact their landlords through email and send them their questions, requests or complaints anytime and their landlord will reply within the same day.
Second, the software authorizes fast and secure rent collection. This is made possible by the software's online payment system that enables tenants to pay their rent without cash. Instead, they use their credit card or electronic check to pay instantly from anywhere and at anytime. They can choose to pay while on vacation in another region or late at night after their work. All they have to do is to input their card or electronic check details into their personal account together with the amount they need to pay and click send. Afterwards, their payment gets easily transferred to their landlord's bank account within the same day. And because the software uses real time reporting, payments made are automatically sent to inform the landlords; thereby reducing the incidence of late payments.
Therefore, the use of property management software results to time-efficiency. Landlords can have some spare time because they can monitor and collect rent securely and remotely. By using the software, they can avoid doing business that's strenuous and a waste of time.
To know more about property management software and online rent payment, propertysolutions.com


Article Source: http://EzineArticles.com/5522505

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