Why You Need Mobile Property Management Software

 

Your biggest challenges in real-estate are streamlining property management processes, including up to date with current and previous property details, accounting, speeding up administration, reducing downtime for contractors and tenants, reducing friction, finding and retaining the most important staff and improving communication with tenants. Successful property management is all about is time, tenants, bookkeeping and maintaining positive cash flow. You need a better Property Management Software solution to keep up with business in 2021. Here, we bring you five spectacular reasons on “why you need mobile property management software”. Keep reading!

Control and monitoring

It is the first of the reasons that we have come across and it makes perfect sense since for a real estate business its main objective is to have control of payments, income, readjustments, expenses, vacancies or others. Knowing what stage each process is in, what properties are available, who has paid, etc, is the center of the business.

Statistics

It is important for professionals in the real estate world to have a display panel with the main indicators and numbers, as well as reports and graphs, to streamline and improve decision-making. Good Property Management Apps must have a module for the generation of reports and advanced graphics that allow quickly and easily the presentation of data for decision-making.

Everything at hand

Are you a property manager or vacation rental manager looking to take advantage of mobile technology to improve your business? In this case, having a good PM app would be ideal that showcase all your records: clients, owners, properties, condominiums, contracts, payments, expenses, work orders and others in one place. Additionally, being able to send emails, save documents, photographs, plans and invoices.

Personalization

Each company is different from the other and each business as well. In this sense, a professional Property Maintenance System must be very flexible, in such a way that it allows “customizing” the screens, adjusting labels, creating new fields, making or modifying reports and graphs. Good software must be adapted to each company since each one has different realities, although they belong to the same field.

Remote work

Tele-working began to have vital importance due to the Covid-19 pandemic. Nowadays, if a company is not capable of having its collaborators work remotely, it puts the continuity of its business at risk. The tool must allow multiple people to work simultaneously and connected to the internet. A good PM app must have the ability to profile users to assign what tasks they must fulfill, besides leaving traceability of the changes that users make in the most important fields.

 

Conclusion

It is very common to see real-estate companies keeping their property management processes in spreadsheets. These are a good solution when we have a small number of units or are starting the business. However, these are no longer useful when we want to grow, when we require greater control of data, process monitoring, statistics and advanced reports. Whether you're managing vacation rentals, a professional real-estate agent/agency, buying/selling new/old properties, or cutting your maintenance costs, a smart phone property management app will make you a better mobile property manager, lower your costs, improve tenant relationships and help you grow by increasing your income.