WHAT DO PROPERTY MANAGERS, OR REAL ESTATE MANAGERS, DO?
Common Q&A
Find answers to commonly asked questions and learn more about what property managers can offer you. Choose an area of management, or a question category using the Q&A box on the right.
Useful Resources:
- Property Management Requirements
- Featured Property Managers
- Additional Resources
- Orange County, CA Property Management
Other Useful Sites:
rental property management software
Rental property management software enables property managers to streamline their office work and paper files by recording, organizing, consolidating, and tracking information concerning the rental property. Rental managers can keep track of tenant and building information easily, prepare taxes and owner reports, and free up time that can be spent working on other management tasks.
Property management software provides several services ranging from simple organizational tools and printable forms, to customizable tracking screens and multiple reporting options. Indeed, most software systems contain some or all of the following features: accounting tools for tracking rent, paying bills, and consolidating property account information for taxes and insurance; forms for organizing tenant, financial, and historical building information by tenant, unit, building, or portfolio; tracking tools for current work orders and contract histories; programs and templates for creating rental and lease agreements, notices and letters; and report generation tools for presenting information from background checks and tenant information to accounting, cash flow, expenses, work orders, rent rolls, and financial overviews. Additional tools might include tracking and reminder systems, sorting options, and extensive customizable ways to group information by the preference of the user.
Quicken, RentRight, Yardi Systems programs, and LandlordMax are a few examples of competitive software programs currently on the market. Some programs are widely used, like RentRight, which currently boasts more than 23,000 users worldwide. 1 Others, like Yardi Systems, a California based global leader in property management software, have won numerous awards for property management applications; for example, for the last five years, Yardi has won “Best Technology Provider , Property Management” from the readers of Multi-Family Housing News, and from 2002-2007 was selected as “Best Provider of Property Management Software” by Apartment Finance Today. 2
Rental property management software is fast becoming a requisite tool for all property managers. Not only does it streamline most, if not all administrative systems, but enables a manager to better oversee a property and maximize its success.
| 1 | RentRight.com website. Accessed on November 26th, 2008.: http://www.rent-right.com/sales/WhyRentRight.htm | ||
| 2 | Yardi website. Accessed November 26th, 2008.: http://www.yardi.com/US/IndustryAccolades.asp |
