Make The Most Of Technology With Your Property Management Tasks
There are so many technological advances in different areas that it can often be hard to keep track of what some of these technologies can do to assist us. In the world of property management, different types of technology now make it possible to improve your rental and investment experiences by assisting in areas such as:
While cash may still be a more flexible and traditional system of payment, many people looking to rent a residence—especially younger people—have a strong preference for the speed and convenience of an online payment system.
This benefits property management as well, as it saves time on activities like rent collection and bank deposits and provides a far more reliable, trackable system with transparency for everyone.
If you’re concerned with staying informed about possible security issues, today’s smart security devices are a great way to provide more control and peace of mind. Thanks to online connectivity, everything from cameras to motion sensors to lights can be accessed, and their activity can be monitored in real-time. It’s even possible to check out alert notifications so that you can review any alerts from a security camera rigged to a motion sensor, for example.
This provides both you and the people living in your buildings with a greater sense of control and peace of mind.
Maintenance & Repair Requests
Traditionally, if a resident had an issue that needed addressing, such as a leak in the ceiling or a balcony damaged by a storm, it was a matter of trying to contact landlords, property managers, superintendents, or other staff and notify them of the issue.
Now, however, it’s possible to set up digital repair requests. For full transparency, it’s even possible to show when requests have been reviewed and to provide responses that can go on record so that all involved parties have clear documentation to outline issues and proposed solutions. This is a more efficient way to maintain lines of communication rather than knocking on doors or making phone calls repeatedly.
Finally, there is software to handle just about every aspect of finances for different businesses, whether that is financial software for restaurants or financial software for property management. By taking the time to learn and use dedicated property management financial software, you get access to tools and data processing that speed up your efficiency in keeping track of economic activity, staying compliant with regulations, and not running afoul of any potential tax issues.
If you’d like to help better manage your property rental investments, contact Occupancy Solutions and let us help.