What are the benefits of property management software?
You are a condominium manager or property administrator and you wonder about the real usefulness of property management software to help you on a daily basis. This article aims to review the different advantages of this type of solution for you, the real estate professional with Real Estate Solutions.
1. Simplify everyday life
Using real estate management software whether you are a condominium manager or you do rental management will first of all allow you to save precious time . Indeed, if until now you did not have a solution, then you managed your portfolio “by hand”, using several generalist applications such as a spreadsheet for example, but without using a tool really adapted to the job of manager. Property management software will allow you to automate the tasks that you have been performing manually so far. In just a few clicks, you will be able to edit the calls for funds for all your condominiums, for example, or even pay the rents to your landlords.
But the use of software will not only make condominium management or rental management easier, it will also allow you to limit errors . Professional property management software will allow you to produce control documents to ensure that there are no anomalies in the management of your portfolio. You can then use these documents to send them to your guarantee fund in the event of an inspection.
This brings us to the next point: by using property management software, you are using a solution that is regularly updated to always comply with changes in legislation.
As you know, the laws governing the real estate sector change often and quickly and it is important that you can be responsive to these changes. The documents you produce using your trustee or rental management software will be clear and fully compliant with the legislation in force. By using a software solution you gain peace of mind but also professionalism.
2. Optimize your organization with property management software
The use of property management software will allow you to improve your internal organization. First of all, you will be able to classify and archive your information more efficiently. Indeed, the data relating to your co-owners, tenants and owners will be stored in your database and you will be able to launch queries with the software to access it easily. No more files piling up, no more lost supporting documents. New generation software tends towards a dematerialization of documents allowing you faster and clearer access to your data. You are thus much more responsive when one of your clients asks you a specific question about the management of his file and you limit the paper thus taking a first step towards what will soon be a reality in all sectors of activity.
To go further, some players in the property management software market offer 100% web solutions. These so-called “full web” software allow users real-time access to their data, including when roaming. Since these solutions use web technologies, the condominium manager or property manager can consult the information relating to the management of his portfolio from any computer, mobile or tablet connected to the Internet. These new tools make it possible to significantly improve communication between the manager and his contacts, customers or suppliers.
A real estate management software will help you by allowing you to create real harmonized processes with precise deadlines. Your various tasks are thus planned and you can no longer miss an important event. You thus gain in efficiency if you manage your portfolio alone, but it will be even more profitable for you if you have collaborators. You will then be able to delegate more easily while being assured that all the interlocutors will treat the files in the same way.
3. Have all the tools in one place
Whether solutions for the trustee or rental management, property management software, to be fully effective, must be as complete as possible. The interest in this case is to have the possibility of finding in the same place all the tools which are essential for the management of your portfolio.
If, for example, you are a co-ownership manager, a complete syndic management software would allow you to access within the same platform an accounting management module, an intervention management module, a general meeting management modulate You don’t have to switch between tools and are therefore much more efficient in your daily work.
You also save money, which is not negligible… Indeed, by not multiplying the number of solutions you will limit the amount of your subscriptions and the number of licenses as well as any costs related to training or assistance. You will only have a single service provider and therefore a single contact, which will allow you to be more reactive if you need maintenance in the event of a malfunction in your software. This privileged relationship will also benefit you within the framework of the software training provided by the solution publisher.
Some service providers offer truly complete solutions for condominium managers and rental management players by offering formulas combining complete property management software, 100% web, and daily assistance by a team of managers. Here you have the double advantage of having a next-generation solution, bringing together all the essential features and being able to delegate some of the tedious tasks to increase efficiency.
Whether saving time, being more efficient or even maximizing day-to-day organization , property management software has certain advantages for the condominium manager and property manager. To dig.
