Property management software solutions act as central tracking systems that allow you to consolidate your record-keeping and streamline your operations. While features vary from product to product, most property management software packages include the following:

• Templates for creating lease agreements and standard notification letters.


• Accounting systems that allow you to track rent payments, pay bills, and consolidate property account information for tax and insurance purposes.


• Easy-to-manage database tools that allow you to track view historical financial and building information by tenant, unit, building, or portfolio.


• Tracking tools for work orders and contract histories.


• Customizable reports.


• Task management systems.

Popular property management software programs include Quicken, Rent Right, Yardi Systems, and LandlordMax, to name a just a few.

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