Tracking budgets against actuals allows you to view current revenue and forecast future cash flow.Payroll management allows you to calculate withholdings for state and local income taxes.General ledger, income statements, balance sheets and accounts payable and receivable help you keep tabs on revenue, expenses and the overall financial health of your portfolio.Service contract storage lets you easily reference records.Maintenance staff management allows you to easily delegate tasks.The ability to prioritize issues, work assignments, requests and other objectives that require immediate attention helps increase efficiency.Maintenance request alerts ensure all maintenance issues are taken care of promptly.Space tracking helps manage the configuration of available space for move-ins and move-outs.Vacancy planning provides proactive identification of vacancies and under-utilized locations.Automated notifications inform you about upcoming lease expirations.Automated vacancy postings allow new properties to be listed faster and more easily, reducing the time it takes to fill vacant units.Automatic alerts inform landlords and tenants of delinquent rent payments.

Utility metering calculates and bills for tenant consumption of metered utilities so you don’t have to check and record manually.Online rent payments eliminate the hassle of paper checks and trips to the bank.Store vital tenant information, such as resident contact information, late fee reminders and work order history.Resident screening lets you evaluate applicants’ credit history, criminal activity, rent history and income by initiating these checks from within your software.Customizable lease forms and easy document distribution help standardize the leasing process and make sure all required documentation is completed and archived.

Tenant portals enable online rent payment, maintenance request submissions and even community forums for events or public notices to improve communication.Software for rental properties manages one or more of five general functions:

Rental property management software also generates reports on activity like monthly rent payments, income, and expenses, to help you monitor the financial health of your property. What is rental property management software?Ĭommon Features of Rental Property SoftwareĪ rental property management system is software that enables rental property owners and managers to execute a considerable number of essential daily tasks-including managing and tracking tenant information, accounting and billing, maintenance, and posting vacancies online-to help all operations run smoothly for a given property.

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