Property management software makes landlording easier. It helps new landlords as well as those who have been managing rentals for years. There are many tools available to help make landlording easier. We will touch upon just a few of the many benefits of software for landlords.
Recordkeeping
One of the major benefits is tracking income and expenses in one central location. Maintaining good accounting records makes tax time easier. Plus, records can tell a story as it is important to understand how well your rental property business is doing. Ultimately, good recordkeeping provides peace of mind. Software with recordkeeping features can range from paid software like Buildium to free software like RentalIncomeExpense.com. Cost, ease-of-use, and features such as reports are items to consider when deciding on which software to pursue.
Tenant Screening/Applications
Renting to a great tenants makes landlording more enjoyable and easier. So finding such tenants makes the tenant screening process all the more important. Some property management software has the application and screening process built in. On the other hand, there are some stand alone services, like SmartMove, that focus specifically on tenant screening.
Landlords have choice when it comes to finding the right landlording software for their needs. They will find the solution that best fits their budget and is easy to use.