Managing property portfolios is the key to success in real estate business. If the legal requirements of managing properties prove tedious to keep track, then keeping track of hundreds of tenancies is more difficult. For easy and inexpensive organization of property information, a centralized software system is required. Software for property management can provide landlords and agents information on a single click. Account information has to be generated in a format acceptable to accountants should you seek professional advice.
Property management for landlords and letting agents
Software should allow management of all aspects of a property. From advertising to find tenants to tracking agreements and rent arrears, a software should do all of it. It should be easy to learn and interface for the user. Property managers need to keep track of inspections, monitor gas and other civic inspections, while landlords need to track deposits, and configure tasks for each tenancy. Agents also use software to improve their business through the Internet. Managing multiple Sage accounts should as easy as managing one account through software for property management. Besides linkage to multiple accounts, agents would also want the software system to link to a web portal for advertising properties.
Quick reporting
Software for property management should generate reports that are quick to scan by both the landlords and accountants or lawyers. Good software will provide an instant snapshot of your business activity. You can add properties easily and generate profit or loss statements in formats that lend themselves easy for audit. Invoices, statements and receipts should be easy to retrieve. Agents would also want to keep track of supplies and supplier invoices. One supplier could be serving multiple properties but individual cost by property can be easily tracked by the software. The proportionate agreed up on cost to tenant is also levied by the software. With such software, there is no need to maintain paper based supplier accounts.
Avail low cost quality after-sale service
Good software systems help you cut down on accountant and lawyer fees. While a well-designed system is easy to use, learning to use it should not be difficult. Reputed enterprise solutions providers should be willing to train your staff through live sessions or develop training programmes. Software for property management that work with sage accounts are robust and crash seldom, but in case of any such problems, the software provider should also provide data retrieval and repair services. A good firm will also provide you with upgrades as when they are released. Most importantly you can be certain of response from the company immediately when you contact through mail, or telephone.