Property management takes a considerable amount of time and effort, often on repetitive tasks. Being able to automate this process can save a lot of time and money. This is why we want to share the benefits of property management software.
We want all landlords to benefit from managing their rental portfolios in a smart and efficient way. Automation can be a scary word. However, introducing it into your business strategy can be one of the best things you can do. As workloads start to increase and tenants request (or report) more, you may be under serious amounts of pressure to become more efficient.
Automating Lease Renewals
Evergreen leases can be easily automated through sophisticated property management software, like PropHub.
When you upload lease information onto our system, our software automatically sends out notifications before the lease expiry date. It also offers one-click options for electronic renewal. Or, tenants can request short-term extensions if they don’t want to renew for another full year. All of this without the hassle of any paper or scanning by any party.
Organizing Maintenance Requests
As a landlord, you should avoid lengthy, unorganized email chains, as well as back-and-forth phone calls or text messages. Instead, have all of your tenant and maintenance communications in one place.
You can manage and view all of your maintenance records right within PropHub on any device. Update alerts and notifications can also be managed per each user’s personal preferences.
Simplifying Rent Collection
Automating the rent collection process means that you guarantee easy rental payments. You set up the rental amount and due date — our software handles the rest to collect payment from your tenant(s).
If a tenant has missed a payment, you will receive instant notifications. And, you can auto-add late fees to the total amount due per your setting configurations. You can also turn on notifications for on-time payments, too.
Tracking Your Expenses
Staying on top of your expenses is vital for any business. One of the benefits of property management software like ours is that you can use it to track and manage your expenses securely. Plus, you receive powerful analytical insights from our data mining engine that helps highlight trends and improvement opportunities that may be too deep in the weeds to otherwise notice.
PropHub understands how to deliver a seamless property management experience through technology and automation. If you’re interested in automating your property management business and elevating it to the next level, start by registering for PropHub today!
You can also read our previous post about creating a tenant screening checklist for landlords here.