What Applications To Use To Manage Your Properties

When it comes to managing your property involves several tasks other than collecting rent. For example, maintenance coordination, tenant screening, and financial record keeping, just to name a few. There are mobile apps that have been developed to help landlords with these processes. 

Today, we’ve identified a number of major property management apps that can assist both new and experienced landlords.

Types of Property Management Apps

Like most technological advancements, if there is a task in need of being streamlined, there's likely an application to help with that. One of the most popular types of apps landlords use is collecting apps. These platforms often support recurring payment scheduling and late fee automation. These tools help to reduce or eliminate the need for slow mail-in checks or collecting physical cash from your tenants.

The most common task associated with a rental other than rent is typically maintenance. There are apps to help track maintenance schedules, organize service requests, and assign tradesmen to the task at hand. By having your contractors centralized on applications, you can significantly reduce the time between communicating the issue and tracking the repair. This helps to ensure that all maintenance activity is logged digitally for future reference as well.

All-in-one property management apps

If you're a relatively new landlord or someone who’s actively expanding their portfolio, consider going all in on property management apps. All-in-one apps integrate the core functions of other apps into a single platform. These platforms combine rent collection, maintenance tracking, tenant screening, and other accounting functions, which makes them suitable for scaling operations.

Benefits of Using Property Management Apps

Being able to automate tasks serves to reduce repetition in managing your properties, which in turn saves you time. Time that can be spent with friends, family, or expanding your portfolio. Due to the number of digital features of property management apps, it minimizes the amount of manual intervention required by the landlord, which may improve process consistency. Communication is key when attempting to have a healthy tenant-landlord relationship.

 Many property management apps provide tenant portals that allow for direct messaging and maintenance request submissions. This can reduce the amount of time needed for quick responses and improve tenant satisfaction. Property management apps also help to stay organized digitally. This keeps track of important documents, payment histories, and service records, allowing landlords an accessible database for references and compliance. This type of integration can reduce the risk of miscalculations in the long run.

Property Manager combined with property management apps

While applications can lower the bar of entry for landlords and improve efficiency, they don't eliminate all other operational requirements. Some landlords opt for a hybrid approach using both property managers as well as property management applications. It's known that property management companies oftentimes use similar applications to help with managing properties, which enables landlords to maintain visibility while delegating the day-to-day responsibilities. This setup offers landlords the resources of a property management company without sacrificing digital transparency. As a landlord, you need to keep in mind complicated responsibilities such as legal compliance, emergency repairs, and in-person inspections generally require people and resources many don't have access to on their own. Combining both solutions provides improved efficiency and a reduced workload for landlords looking to maintain a flexible yet structured management system.

Property management software can deliver automation while improving communication and accurate documentation. These applications are tools, and like many tools, if used properly, they can help to streamline many responsibilities. However, they don’t replace every management function, nor do they provide you with additional resources in the case of legal escalation. If you’re unsure which property management app is right for you, or if you need help managing your Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our Owner Application online.