Good property management is the backbone of the real estate industry, and in this technology-driven age, it is a responsibility best managed using the right tools. Consequently, as a property manager who wants to ease your daily activities, it is vital to invest in the right tech tools. Here, we look at seven important tech tools for property managers.
1. Smart security systems
Security is among the top considerations of the modern tenant as no one wants to put their valuables or loved ones at risk. This calls for installing an advanced security system that will make it harder for unwanted parties to access your property. A practical solution with outstanding results is to opt for smart locks that use an ID scanner app for controlled authorized entries. The high precision of these systems coupled with the auto-lock feature will offer an outstanding level of security that will see you attract and retain more tenants.
2. Property marketing software
You need a practical digital marketing strategy that will make it easier for you to reach out to potential tenants. Since conducting online marketing is demanding and time-consuming, your best shot is to invest in property marketing software. This will enable you to manage your listings and advertisements from a single interface, allowing you to effectively reach out to potential tenants whenever you have vacant spaces.
3. Lead capture systems
It is never enough to market your vacant properties as you need an effective lead capture system to gather and analyze data about your prospective tenants. This way, you get to actively screen potential tenants and save yourself the frustrations of managing bad renters or regularly having to carry out evictions.
4. Tenant management portals
The biggest headache you will ever have as a property manager is actively keeping tabs on all your tenants and ensuring their grievances are taken care of before it is too late. Luckily, you can avoid all this by investing in a tenant management portal and always having all the necessary information at hand. The best part is that you get to centralize all your communication and important details about leases, move-in, and move-out forms, and maintenance requests.
5. Financial management systems
At the core of your daily activities as a property manager is keeping track of each property’s financials. Since you always need to be aware of the income received and monthly expenses of each unit you are in charge of, you will gain so much by investing in a financial management system. This will enable you to effortlessly break down those numbers, analyze the performance of different units, and discover ways to meet your profit targets.
6. Document processing software
The sheer volume of documents you have to handle as a property manager is overwhelming. Luckily, you can save yourself the trouble of creating and keeping hundreds of files by embracing intelligent document processing solutions. Opt for document processing software that can be used alongside a mobile form app for paperless data collection and management.
You no longer need to have stressful days as a property manager when you can ease your daily activities by using these tech tools to elevate your operations.