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Owning a rental property is one of the best wealth-building strategies you can do. Not only does it give you passive income, but it adds to your net worth as your property value grows over time.Unfortunately, managing your property can get overwhelming. Thankfully, there are real estate software programs that make your job so much easier with their many great features. Check out how they can help organize your job:
Cloud-based record keeping
Truth be told, you have better things to do than manually inputting data into spreadsheets or filing documents in binders. With the right software, you can automate these time-consuming tasks and have data organized immediately into the right categories. Even better, data is stored in the cloud so you don’t have to worry about losing documents or files ever again.
Keep track of payments
Rent is the lifeblood of any rental property, but collecting payments can be quite tedious. Great real estate software allows tenants to pay online, which will save both you and your tenant a lot of time. Even better, payments are logged immediately, so you can access information whenever you need it with a few taps or clicks.
Know where your assets are
The bigger your property, the more assets you have to track. If a heater breaks down, would you be able to find its warranty document? Can you still account for all the assets in any given unit? By using real estate software, you can easily catalog all the assets, documentations, and locations in a single app, so you never have to rummage around your office for them.
Communicate more efficiently
As a property manager, you’ll be fielding numerous calls, texts, and emails from your tenants daily. What if you can streamline this process and have a centralized platform where you and your tenants communicate with each other? Most real estate software has this feature, allowing you to be more responsive to the needs of your tenant.
Have quick access to vetted contractors
Still using a Rolodex of electricians, plumbers, carpenters, and other contractors? It’s time to upgrade your system with real estate software. These applications have a pre-vetted pool of highly qualified contractors that are all accessible with a tap of an app. The right contractor is easier to find with this kind of technology on your side.
See the big picture
Ideally, you should look for real estate software with a dashboard that gives you a big-picture view of all the assets, contractors, and clients, among others, when you open the app. That way, you can decide what actions to prioritize and what tasks to do next. This dashboard proves especially useful if you manage multiple rental properties at once.
If you’re looking to organize your work and your day, real estate software like SecondKeys is an excellent choice. To know more, call 901-701-6533 or send an email to Team@SecondKeys.com.
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