There are many benefits to property management software, but which features matter the most? This article explores the top 10 features that every property manager needs. Here are some of the most important ones: On-premise or cloud-based, Trust accounting workflows, Mobile apps, Streamlined communications, and more. These features are crucial to property managers and landlords alike. Once you have decided which ones are most important, take some time to explore the various options.

Online in the cloud

There are many features to consider when choosing an online property management software. The software should be flexible, have customizable templates, and allow Owner and Tenant access. These features will help you maintain relationships with tenants and owners alike. A good software will also include tools for maintenance tracking, such as the ability to log jobs and keep track of their status. You will also want to make sure that it has a help desk to address any questions that arise.

One of the best features of a good online property management software solution is the ability to manage multiple properties from anywhere. The software will allow you to centralize information about several properties and give you full visibility of data at any point in time. This will allow you to send automated notifications for maintenance tasks, such as booking a plumber, or contacting tenants in case of an emergency. Another feature is the ability to send reminders to tenants to pay rent, lease expiration dates, and other important dates.

Trust accounting workflows

WealthHub is a trust accounting software that organizes key property information. It also keeps track of key service providers. It reminds you when property taxes, marina fees, and FBO fees are due. And it's cloud-based, so it's scalable and fully secure. Trust accounting workflows are also essential property management software features, because they help you grow revenues per trust officer. Then, you can automate those processes and maintain your data security.

When choosing a trust accounting software, look for an agency that is easy to use and compliant with statutory legislation. The software should be quick and easy to use. The previous Rockend brand didn't have these features. It was only recently acquired by REINSW. The REINSW CEO shares his insights and experience about trust accounting software disruption. While choosing a property management software solution, make sure it's user-friendly and intuitive.

Mobile apps

Mobile apps are best property management software features. They help property managers keep their clients up-to-date. For instance, a mobile app allows managers to send text messages to clients to inform them of new property listings, lease agreements, or other important details. In fact, 90% of American adults own smartphones. That's a lot of potential customers for property managers, but these mobile applications should also have other features. To keep your clients up-to-date and interested, use mobile apps to keep them informed about property updates.

Mobile apps help you run your property business from wherever you are. In fact, property management apps are an essential tool for all businesses. They help you maximize profits and minimize losses. They also help you provide customer support. In addition to managing property, these apps also include features that help you maintain your property. These tools are indispensable for any business, regardless of size, as they allow you to work from anywhere. Here are some essential features to look for in a mobile app:

Streamlined communications

One of the most important features in property management software is its streamlined communications. This feature will help you manage your community of residents efficiently. You'll be able to send mass emails to residents and keep up with tenant complaints and requests. This will make your business more transparent and will foster a community of engaged residents. If you're in the market for a new software solution, check out these top options:

First, consider what types of properties you manage. If you're managing an apartment complex, for example, you'll likely need a program that will allow you to manage tenants, contractors, and even your accounting. Streamline's double-entry accounting system can integrate with your accounting software, and it has many other useful features that will simplify your business. Streamline has a calendar management system that will automatically update your VRBO and HomeAway calendars.

Maintenance

A good property management software should have maintenance features that will keep your properties in tip-top shape. It should be easy to communicate with tenants, track maintenance requests, and retrieve past information. It should also help you schedule routine and non-time-sensitive maintenance. One of the main reasons why property managers should use software to manage their properties is to save time and prevent problems. There are many tasks that property managers face and often forget to prioritize basic maintenance.

A CMMS should enable technicians to access historical maintenance records of any asset. The software should have a comprehensive asset entry that records all work performed on an asset, including when it was last repaired. It should also include all parts used during the work and the total costs spent on it. This information is vital for budget and resource optimization. A CMMS platform should have reports that compile maintenance information and allow users to access work order data on mobile devices. For more convenience, choose a cloud-based property management software that allows you to pay per user per month. This way, you can scale as your company grows.

Inspections

Regular inspections are a vital component of property management. These periodic checks are a great way to keep residents satisfied and avert major expenses. With modern tools, it's easier than ever to stay on top of the condition of your properties. Having an open line of communication with your tenants is essential, as it saves you money while building trust. Inspections are an essential feature of property management software, so why not make the process more efficient? With RentCheck, you'll save time and effort. You can streamline the inspection process and connect with your tenants with a single click.

Home inspection software streamlines the inspection process by allowing you to pull up reports and pictures for a more complete overview. The software also allows you to attach videos and pictures to clarify damages and changes. Most platforms allow you to approve re-inspections if needed, which is a great benefit for any property manager. Having all of this information in one place makes your job easier. You'll also be able to keep track of every aspect of your properties and make sure your tenants are happy with their accommodations.

Compliance management

A CMS, or compliance management system, is a tool that continuously monitors and records business processes. In the case of property management, compliance management means tracking and reporting on various compliance tasks and documents. Such features are important for property managers who are required to meet strict legislation and regulations. A good CMS is able to communicate compliance information with staff, management, and board members. Furthermore, it should be easy to find and retrieve important documents and information.

Its inclusion is an excellent idea for businesses that are concerned with social and environmental concerns. Customers will also appreciate a business that prioritizes the welfare of employees. By providing comprehensive compliance management, businesses will reduce their vulnerability and boost their reputation among customers. Besides, compliance management can help reduce the costs associated with ensuring compliance. Ultimately, compliance management is a win-win for property managers. By providing a comprehensive tool to comply with regulations, a software will help property managers meet the expectations of both employees and customers.

Reliable support

The property management software you select should be flexible. Because each property management business is different, your software needs will be different from your competitors. Flexible software platforms can be integrated with other software solutions. Whether you manage one property or several, you will need a system that can meet your specific needs. There are many ways to automate your property management business. Listed below are some of the best options.

Reliable support is another important feature. You should choose a property management software that offers support to answer any questions that you may have. A good software will be updated regularly to reflect new trends and the needs of your business. If you are using an online solution, you'll have access to frequent updates. Keeping up with these updates is an excellent way to ensure your software will be as useful as possible.

When selecting property management software, it's important to consider the size of your team. You might have a team of people that work for you, including an assistant, maintenance personnel, and property managers. The software you choose should be flexible enough to allow you to manage multiple properties at once. It should also allow you to share details with all team members and not charge for team accounts. A good property management software will allow you to manage all of the properties with ease.