Technology is vital when it comes to managing rental properties. You need software for leasing, collecting rent, screening applications, maintenance requests, and much more. As a Crestview property manager we use technology for all of the above reasons. Here is a guide on what kind of technology you need to successfully manage a crestview rental home.
Leasing Software
Utilizing leasing software for your rental homes is extremely important and vital. A leasing software will allow you to list your property online, track leads, showings, feedback, and much more. These metrics will help you decide on what will improve your listing such as a price cut, better photos, or a description change.
Screening Software
An applicant screening software will allow you to screen applicants to review their credit, income, rental history which will allow you to decide on that applicant based on your rental qualifications. Having a set rental criteria and proper screening software will allow you to secure quick and reliable tenants for your rental home.
Property Management Software
Having a general property management software is another important piece of software you will need. You will need to track properties, tenants, tenant contact info, rent collection, delinquencies, maintenance requests, inspections, and a bunch more. With this software, your tenants will have an online portal to pay rent, submit maintenance requests, and view their lease. Utilizing this software will ensure your tenants are happy in the home, in return, they will stay longer.
Accounting Software
Accounting software is a small piece but important. You should be running your investment properties like a business. You have money coming in and out. Using an accounting software will help track your expenses and budget for expected costs.
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