Significance of Property Management Software

What is property management? Why is there a need for property management software?

Property management is all about the management of residential, industrial and commercial properties involving operations that pertain to the affairs of property owners and their tenants. It's a challenging process that requires property owners to monitor, collect rent and address the concerns of their tenants. And with the country continuously progressing, property owners are finding it difficult to do their jobs with the exception of using property management software.

With the software on property management, property owners can easily monitor their tenants' payment history through a special feature that does exactly that. It's an online payment history that tenants can access using the internet. It shows their individual payments from the very beginning of their stay until the present marking those months that have already been paid and those months that still needs to be paid. It even comes with an email notification feature that reminds tenants of their past dues and current payments. It makes monitoring this easy.

It's also convenient to collect rent using the software because of its online payment feature. This special feature enables tenants to pay their rent instantly anytime and anywhere. They can choose to pay from their office or directly from their home at any time of the day because it's active 24 hours a day and 7 days a week. They don't even have to use cash when paying since they will only need their credit card or an electronic check. The process is fast as it will only take a few minutes to complete. Property owners also benefit from it because it saves them time, money and effort of traveling to distant places just to collect the month's rent. It's definitely hassle free.

Furthermore, it's faster to address the concerns of tenants with the software due to a feature that enables tenants to send their complaints, requests and questions. They can easily contact their property owners by sending an email or posting on a message board on the community website which is supported by the software. This way, property owners can best address their tenant's needs faster avoiding any delays that result into problems piled up and soon forgotten. It results to better communication on both parties.

Indeed, property management software is truly a useful tool in building in a property management business. It makes the whole process of managing a residential, industrial and commercial property fast, easy and hassle free!

Property Management Ripoff

Want to buy property?
Be warned that you could easily lose you many to fraudsters while thinking that the deal is clean. Across the world would be property owners are agonizing about a property deal that went sore leaving them thousands of dollars poorer.
The bad guys in this trade are the property management firms that you may least expect to steal your money from you. Oh, yes everything will look official, legal and clean but several months down the road you will realize that you were indeed conned.
My advice to you is to be very careful with your choice of you property broker. In one way or the other some property managing agents will manage to steal some money from you. They may overcharge or charge for something that you ought not to pay for.
Remember, a real estate agent makes money off of you, so don't let them push you into a price range that you are not comfortable with.
Do your research thoroughly before making your final decision on which property managing firm to deal with. Use the internet to do your research and then ask around from your family or friends for advice on your chosen firms until you zero in on one. On the internet, search out for property management rip-off reports, so you may know which property agents have been black listed for defrauding their clients.
Find out whether your property managing firm is a legal entity. Do they have a good reputation in the market and does the firm have the necessary experience to handle your business?
Use the services of expert property law firms to guide and ensure that the deal is legal. This will help you avoid future agony and loss of investment. Go through you lawyer to shield yourself from property fraudsters.

Steve Wanjie is a retired teacher; leading Nairobi based Kenyan Blogger, Corporate Blogging Consultant, Social Media Management Expert, Businessman and an Expert Articles Writer.

He is the founder of WINCEP (Wisdom Nest Community Education Programme) located in Soweto Slums in Nairobi's Kayole Estate. WINCEP's lead project is Wisdom Nest Primary School, a non-formal learning center for needy, poor, and poverty stricken Slums children, orphaned and children rescued from child labor. He welcomes partners and well-wishers who love children to team up with him in helping these children by providing scholarships to enable them get basic education, feeding, clothing and health support.