You’ve heard about your rental management software options, and now you’re ready to choose a partner. There are many options for helping landlords and property managers simplify their business. And while there are many, they’re not all created equal.
To help you find the perfect rental management software partner, we’ve put together tips and information you need to know before you sign. If you have more questions about an online solution, get in touch with our team today, and we can help.
Tips for Selecting a Rental Management Software
Tip 1: Make Sure It’s Easy to Use
Find a rental management software that allows you to do everything you need for your business with ease. You’ll want to make sure that the software is mobile-friendly, too, because nearly 70% of people use their smartphone when they’re online. The easier the software, the better it will be for you and your tenants.
Tip 2: Make Sure It’s Secure
When choosing your rental management software, always ensure it’s secure. You want to keep your tenants’ information safe. When talking with your provider, they should be upfront about how they handle security. Make sure also to confirm that they will never sell you or your tenants’ information.
Tip 3: Get the Right Support
Your time is valuable. It’s essentially money when you’re running a business. When you have questions or issues, you want to be sure you can get in touch with someone right away. Make sure your solution offers ample support and gives you a real person to talk to when you need help.
Tip 4: Only Settle for Straightforward Pricing
You’ll notice a pretty big gap in pricing for the various rental management software options. Look for a solution that offers a straightforward pricing structure that scales with your business. The more you grow, the less you should pay per lease because you deserve to get rewarded for your growth. No one deserves to be nickeled and dimed.
Tip 5: Make Sure You Can Scale
Invest in software that can grow with you. If you’re starting small, the solution should support your size. As you get bigger and gain more properties, it should have the functionality to help. Always make sure the rental management software gives you the right tools to fit your business.
Tip 6: Check Its Adaptability
When looking into a solution, ask the provider if their software can help make real-life complexities easy to solve. For example, if you want to accept online maintenance requests, how will they help you create a system that works for everyone.
Tip 7: Make Sure It’s Flexible
Your business is very different than the next landlord’s business. That’s why you need a flexible option. We’ve been in your shoes and know some of the real-life scenarios that can happen when you’re managing tenants. That’s why we ensure that we remain flexible because we know things can be unpredictable sometimes.
Tip 8: It Makes You More Efficient
The whole point of adopting rental management software is to make your life easier and more efficient. Your solution should be an extension of you and improve your output — not make it more difficult and harder to manage.
Tip 9: Only Accept Transparency
From an operations and support point-of-view, the solution should be transparent. In particular, a premium software option will keep you notified when your tenants enroll and take actions across the system, such as paying their rent or making a request. By receiving emails or text notifications, you’ll be able to reduce your work and constant check-ins.
If you’re ready to find a solution and want to put these tips to use, schedule a demo today!