In recent years, technology has brought us change. Because of technology we enjoy modern conveniences like cable televisions, computers, internet, cell phones, air conditioners, washing machines and other awesome inventions including software that aids in doing property management business called property management software.Managing properties has never been easier. Landlords don’t have to travel miles away to collect monthly dues from their tenants. Delayed payments can be avoided and records don’t need to get lost every time with property management software. It’s because this software gives them the convenience they need while doing the business. The software keeps landlords and tenants informed with regards to rent payment and other concerns. Landlords can monitor their tenants’ account history so they know who has paid rent and who hasn’t for a certain month. They can then send notifications thru email reminding tenants who haven’t paid yet to make their payment. Tenants can check on their personal accounts thru the community website which they can access thru the software. Once there, they can read their tenant’s email notifications and general announcements, make any changes necessary to keep it updated and look at their previous payments in the online payment history section. Additionally, the software has a real time reporting feature that instantly uploads any new information submitted for timely display of information.
Furthermore, it encourages remote transactions which are its main goal. Landlords can immediately receive payments without having to travel saving them time and money as tenants pay them thru credit cards or electronic checks. With credit cards, tenants have the option to avail of auto debit or a resident-initiated fund transfer. Tenants who choose to use auto debit will have a fixed amount of money from their account transferred automatically on a fixed date every month to the landlord’s bank account. Those who opt to select a resident-initiated fund transfer on the other hand will have to transfer the payment to the landlord’s bank account every month by themselves. Also, tenants can choose to pay using electronic checks that only asks for their bank routing and account numbers from their personal checks to make the transfer. So if you’re a landlord who wants a more convenient way of handling your business, you should definitely use property management software. It keeps both you and your tenants informed and it encourages remote transactions making everything up-to-date. It’s definitely the future of property management!