How Can Technology Improve Your Rental Property Management?

Technology is something that makes all of our lives just a bit easier. So, if you are a rental property owner that rents homes or apartments to tenants, it is in your best interest to add a little bit of simplicity to your property management processes.

Modern rental property management requires quick response, excellent communication, and efficient organization. Fortunately, technology can help property managers exceed renter expectations. Let’s take a closer look at just exactly what different types of technology can do to improve your management processes.

Rental Property Management Lets You Focus On What Matters

Daily management operations can easily become overwhelming and disorganized as rental requests are added on to everything you need to accomplish as a landlord. Applications and management programs allow landlords to effectively manage their time and keep them focused on the tasks at hand.

Through applications like Landlord Studio and other programs a rental property management team can recommend, you can easily keep track of when payments are due, various accounting reports, renter requests, and more!

Online Property Management Portals Keep Owners Informed

One of the biggest technological advancements to reach the property rental sector is the online portal. With the help of your property management team, you can implement an online portal into your management system to help streamline several of your responsibilities as a rental property owner.

Online portals serve as an effective way for your team to send out instant alerts to renters, create calendars that keep track of important dates (i.e. rent collection, property inspections), and easily track a renter’s account. This makes end of month earning statements easy to track and makes managing your properties an extremely transparent process.

Rental Property Management Simplifies the Application Processes

When you are eager to fill a vacancy, waiting for a lengthy application process just isn’t something you want to do. After your rental property management team has thoroughly reviewed the best possible renters for your property, we can help you create an online application process that allows for:

• Online submission
• Easy background checks
• Online application fee payments

Through modern technology, what was once a three day approval process can now be condensed into a single day and guarantee faster filled vacancies and reduced financial risk as a landlord.

Accept Electronic Payments Through Your Online Portal

Gone are the days where landlords had to wait for or physically collect rent checks from their renters. Once again online portals and several financial applications (Venmo, PayPal, etc.) make electronic payments a streamlined process that can have cash from your renter’s account into your property’s account almost instantly.

Upgrade Your Management Technology With Classic Property Management

If you are ready to leverage technology to better manage your rental properties but aren’t sure where to start, working with a rental property management company can help.

The team at Classic Property Management has decades of experience helping rental property owners improve their management practices and retain quality renters for years to come.

Contact us today to learn more about our services and how we can help you become a top renting opportunity in your community.