We recently attended an event where the topic of discussion was succession planning for real estate investors. That prompted us to take action to protect our assets and develop our succession plan.
It also got me thinking about the relevance of property management software to succession planning associated with rental real estate portfolios.
A tool for succession planning
Property management software can help perpetuate processes, maintain communication channels and ease management transitions. That being said, here are three additional ways property management can help with succession whether it is planned or unexpected.
Uninterrupted Rent Collection
When software handles your rent billing, collections and deposits go uniterrupted thanks to automation. Your loved ones can avoid having to make collection calls or texts or trying to figure out what each tenant owes each month.
Oversight is easy
Software provides an overview of your entire rental portfolio by connecting data that might otherwise be hard to find. It gives visibility into rent collection, maintenance management needs and consolidates communication.
Access from anywhere
As long as your family has an internet connection they can access your account. The software serves as a communication tool that makes distance insignificant.
We’re here when you’re ready
Our team is ready to help you in any way that we can to put RentMindMe to work for you. With features designed for DIY landlords, sign up is easy and if you use promo code 30FREE your first rent collection cycle is on us!
In the mean time, check out our blog for more rental management tips!