5 Best Communication Tools You Need for Your Property Management Business
In today’s day and age, we use apps and computers to automate as many aspects of businesses as possible. These don’t only save people a lot of time, but they also significantly boost employees’ productivity since they don’t have to complete mundane tasks anymore.
If you run a property management company, you know how challenging it can be. There are many things you need to take care of and numerous tasks your employees have to complete to ensure the entire business runs smoothly. If you are thinking about automating some of these processes, keep reading this article because we will present you with the list of the best software you can use, tell you about the features, and how you can benefit from them.
Buildium is the first one on our list since it pretty much includes all features you need to run your business remotely. Actually, it was designed by property managers who know all the ins and outs of this line of work. It enables you to ensure accounting and financial processes run smoothly, charge rent automatically, track maintenance requests, vacancies, analyze the current list of tenant applications, and so much more. You can use it to manage over 100 properties, and the best part is that you can use it on several different devices, meaning that you will always stay on top of everything regardless of where you are. The only downside of this software is its price. The setup fee is $99, and even though there is no free version, they offer a 15-day free trial you can use to explore the software and see if it is the right choice for you. Considering the number of features and the cost, you might want to consider another solution if you manage one property.
2. Yardi Breeze
If you are looking for a cloud-based solution, Yardi Breeze may be the best app for you. What sets this software apart from the others is that it can be used both by managers and tenants. What are we talking about? Well, when it comes to the former, it offers all features a manager might need, everything from accounting software and automated marketing to the management of tenant applications, calendars, workflow sheets, etc. On the other hand, tenants can use it to pay rent online, sign leases, and even attach photos to their maintenance requests.
Another thing people love about Yardi Breeze is its design. It is pretty simple and modern, which makes it user-friendly. When it comes to the price, it varies between residential and commercial properties. If you manage the former, the cost is $1 per unit, with a minimum of $200 per month, and the cost of the latter is $2 per unit, with a minimum of $200 per month.
3. Funnel Leasing
One of the most important features you need to look for in a property management solution is communication between your employees. After all, they need to work as a team to ensure your company develops, and this is precisely what Funnel Leasing offers. In addition, it is vital to communicate with renters and potential tenants and help them finalize this process quickly and easily. People can use this app to book a tour whenever it works for both of you with just a few clicks, instead of wasting time trying to make an agreement with your employees and conversing via endless emails. The software also automates mundane tasks, saving you a lot of time you can invest in other aspects of your company. Funnel Leasing is designed to enable you to provide your clients with the best experience, and you can learn more about these features and pricing on www.funnelleasing.com.
This is another cloud-based solution that enables you to manage properties remotely. One of the main advantages of this one is that it supports all types of units, from residential and commercial to community properties and student housing, which is a feature that not every software can provide. It comes with all the features you may need – online leasing and rent collection, accounting software, billing, marketing tools, etc. Nevertheless, there is also an abundance of additional features that could make your life so much easier, such as renter screening, insurance for both you and tenants, management of utilities and requests, and you can even have an AI assistant.
The price of this plan varies on the number of units you manage as well as the features you want to use. There is a monthly fee of $280, and then the rest of the expense depends on your needs. However, even though it appears to be very affordable since you determine the cost, it is not the best choice for companies that manage a small number of units.
Unlike the previous one, this software is specifically created for small landlords who manage single family homes. Due to this reason, it provides you only with essential features you may need, omitting those that large companies use. No, this is not a downside, but instead, a benefit since there are no complex features you don’t actually need. It includes an accounting platform that is very easy to use, enabling you to stay on top of everything, as well as multiple payment options, marketing and maintenance solutions, tenant screening, etc.
There are three pricing plans you can choose between – Basic ($1 per unit, monthly minimum of $250), Plus ($1.5/$350 per month), and Premium ($2/$450 per month). Obviously, each of these offers specific benefits, with the Premium one being the best since it includes features, such as eSignature, vendor portals, and two-way text messaging, which are not available with the Basic plan. However, our advice is to take your time investigating these and select one that meets all your requirements.
These are only some of the numerous apps available on the market you should consider. As you can see, each of them offers particular benefits, which is why it is essential to think about your business and requirements before purchasing property management software.