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Propertymanagementsoftware (PMS) has become a must- have for landlords who want to streamline operations, manage their tenants, and maintain organized finances. But with so many propertymanagement tools available, how do you choose the right one?
Propertymanagementsoftware is no longer a luxury. The majority of propertymanagers and management companies would agree that it is now a necessity. Condo and HOA software has evolved so much over the past few years. Wed like the opportunity to change your mind about propertymanagementsoftware.
Weve outlined key features that can help independent landlords become more organized and tackle propertymanagement tasks more efficiently. Jumping between different software that isnt built specifically for the task at hand takes more time and makes it easy for details, records, or smaller tasks to slip through the cracks.
To tackle all of this while maintaining a consistently high level of service, you’ll need apartment propertymanagementsoftware. Apartment propertymanagementsoftware acts as the command center for your business. But software can have different setup requirements, features, benefits, and pitfalls.
In the previous editions of our propertymanagementsoftware buying guide, we covered the basics of how to compare propertymanagers, from key features software should have to assessing pricing models and customer reviews. We also explored specific considerations for multifamily propertymanagementsoftware.
If youre a landlord with just one or small portfolio of properties, managing your investment can quickly dominate your time. The good news is that theres specialized software out there designed to help simplify many aspects of propertymanagement. This helps you spot and fix issues quickly.
The best propertymanagementsoftware doesn’t scale your company—your team and processes do. AppFolio Best for: Mid-to-large companies ready to scale AppFolio is a powerhouse in the propertymanagement space. Real Talk for PMs Starting Out Wondering how to become a propertymanager or start a business from scratch?
Propertymanagers are under pressure to do more with lessfrom labor shortages to rising costs. What Is AI in PropertyManagement? In propertymanagement, these abilities are used to optimize workflows that would otherwise take longer. If you automate too much, you could end up losing business.
Good propertymanagement accounting software can be a powerful tool in the success of your propertymanagement business. General accounting software simply won’t cut it (more on why, here ). But not all propertymanagement accounting software programs are created equal.
Tim Wehner is a former president of the National Association of Residential PropertyManagers (NARPM ). While hes no longer on the National Board of Directors, his experience in propertymanagement and expertise on all things NARPM make him a valuable source of information. Tim : Absolutely.
As a propertymanager, you already know that, to find new clients and tenants, youll have to meet them where they are. Let’s dive into some social media strategies for propertymanagement to help you broaden your reach and better engage with your audience. By doing so, youll be seen as knowledgeable and responsive.
Managingproperties whether its a few rental units or a growing portfolio takes a lot of time, organization and resources. Thats when propertymanagementsoftware stops being a “nice to have” and becomes a must-have. So, how do you know when its time to make the switch?
Propertymanagers—particularly those looking to grow—can use a rent roll to keep track of money collected from residents, look for potential problems with vacancies or turnover, compare rent and fees to market prices, and look for opportunities to increase revenue from individual units or even entire properties.
Despite shifting market conditions, the propertymanagement industry continues to grow at a stellar rate. According to Buildiums 2025 PropertyManagement Industry Report , 82% of the management companies we surveyed experienced portfolio growth within the last two years. They want fee information up front, as well.
Email marketing is one of the most powerful and cost-effective tools available to propertymanagers looking to grow their business, nurture client relationships, and streamline communication. In this guide, well walk you through the essentials of email marketing for propertymanagement companies. Lets get started!
Did you know that two-thirds of rental owners expect top-tier customer service from their propertymanagement company? Why Personalized Service Matters in PropertyManagement Every property owner has unique goals and needs, which is why personalized service is a must-have in todays market.
Property maintenance might just be one aspect of propertymanagement—but when it’s mismanaged, the consequences can snowball fast. Using property maintenance software is a surefire way to stay ahead of these issues—and there are a few companies out there that make doing so easier than ever.
Todays propertymanagers can build entire operations that are fully digital, from lease signings to vendor payments to team coordination. In this article, were exploring what going digital really means, how it transforms your daily operations, and why its becoming the standard for propertymanagers everywhere.
[link] Scaling a propertymanagement company isn’t just about getting more doors. At BetterWho, we work with growth-minded propertymanagement entrepreneurs every day. Here are 10 powerful pieces of advice for propertymanagers who are ready to grow without losing their minds—or their margins.
Property maintenance plays a pivotal role in asset management, protecting a propertys long-term profitability and keeping tenant satisfied and turnover low. However, maintenance is far from the only responsibility propertymanagers face. Address potential issues before they escalate into significant problems.
[link] Understanding the Basics: Coaching vs. Consulting In the world of propertymanagement , clarity matters—especially when you’re investing time and money into growth. What is PropertyManagement Coaching? Propertymanagement coaching is focused on mindset, skill-building, and leadership development.
Moving into a new rental property can be an exciting experience for tenants, but it can also be stressful. As a propertymanager, it’s important to make the process as smooth and efficient as possible. When inspecting the property for damage, it’s important to document the condition of the unit in detail.
If you’re serious about growing your propertymanagement business , you can’t afford to waste hours on cold calls or let leads slip through the cracks. The fastest-growing propertymanagers are building lead systems that run automatically—giving them more propertymanagement leads while saving time.
From Chaos to Clarity: How to Create a Remote Team Playbook for Your PropertyManagement Business In todays evolving industry, propertymanagement companies are increasingly shifting to remote teams to improve efficiency and tap into a wider talent pool. Step-by-Step Guide to Creating a Remote Team Playbook 1.
This guide dives deep into the realities and opportunities of proptech for propertymanagers ready to move beyond basics. Well explore how proptech reshapes workflows, decision-making, tenant engagement, and portfolio management. Its an Entire Ecosystem Proptech isnt just software or devices added on top of existing systems.
With property costs rising in an uncertain rental market, you might think growing your propertymanagement business is out of the cards. Propertymanagers are getting creative—including rethinking fees and leaning on tech to do more. But you’d be wrong. We’ll look at all six of these strategies in this post.
AI and Remote Hiring for PropertyManagers The propertymanagement industry is evolving at lightning speed. These innovations go beyond industry buzzthey offer real, practical solutions to help propertymanagers optimize operations, improve communication, and reduce costs. The good news?
Growing a propertymanagement company traditionally means building a strong local reputation, gradually attracting new clients, and expanding door count over time. Many propertymanagers today are choosing another way to grow: acquiring other propertymanagement companies. Define your objectives clearly.
As the propertymanagement industry continues to evolve, so does the technology that supports it. One prime example of this change is the increasing variety of propertymanagement leasing software that promises to speed up the leasing process and reduce your workload in the process.
The propertymanagement industry has changed a lot in recent years. Today, automation stands out as one of the best tools residential propertymanagers can use to improve their operations and enhance residents’ experiences. Automated rent payment systems simplify this process for managers and residents.
Propertymanagement involves balancing repetitive tasks with high-quality, personalized service. This post details the most valuable propertymanagement tasks to automate. Automate access control by adopting smart locks, mobile credentials, biometric scans, or key cards integrated with cloud management platforms.
Propertymanagement has changed fast. Managing rentals used to mean phone tag, hopping from location to location, and endless coordination. And propertymanagers need tools that help them keep up without burning out. Today, tenants expect instant responses. Owners want real-time updates. Messages got lost.
Over time, staying on top of maintenance metrics leads to properties with fewer surprises, more satisfied tenants, better relationships with vendors, and a stronger bottom line. The higher the ratio, the better you’re maintaining your properties, the longer they’ll last, and the fewer costly emergencies you’ll face.
As a residential propertymanager, you have a front-row seat to one of the best opportunities for building wealth: owning rental properties. Every day, you help property owners grow their assetsso why not start doing the same for yourself? Why Transition to Rental Property Investment?
In a competitive market, effective marketing strategies for propertymanagement companies can set your business apart and attract a steady flow of clients. Theres a lot of strategies out there, and some may be better suited for your company and management style than others.
Establishing solid vendor relationships is vital for cost-effective property maintenance and high-quality work. To simplify collaboration with vendors, consider utilizing propertymanagementsoftware or seeking a vendor that provides user-friendly technology solutions for work requests and tracking.
Running a propertymanagement company often means either handling or delegating several different roles at once. This post takes a deep dive into propertymanagement workflow automation, including what it is, how it works, and the kinds of processes you can redesign to be more efficient.
If youve been in the propertymanagement business for a while, youve probably witnessed firsthand how proper preventive maintenance can make or break a property’s success. More importantly, it provides peace of mind knowing your properties are well-maintained and your tenants are satisfied.
With new propertymanagementsoftware platforms and features popping up all the time, automated propertymanagement systems have moved from the realm of ideas and marketing promises into real, concrete businesses strategies. What Is an Automated PropertyManagement System?
Why Apartment Maintenance ManagementSoftware Matters Apartment maintenance managementsoftware tackles these issues by digitizing and automating maintenance workflows. Propertymanagers can track requests in real time, assign and schedule tasks effectively, and communicate clearly with tenants and vendors.
If you run a propertymanagement business in 2025, you already know that manual processes simply can’t keep up with the level of responsiveness, accuracy, and oversight that job demands. That’s where propertymanagement automation tools come in. Once you’re ready, dig into specific software in our follow up post here.
In a post-pandemic, tech-enabled world, the term virtual propertymanagement company has moved from experimental concept to a proven business model. What Is a Virtual PropertyManagement Company? Others are solo operators managing a tight, streamlined portfolio from anywhere with Wi-Fi.
As a propertymanager, leasing is always a top priorityafter all, without tenants, theres no income. But a successful propertymanagement strategy goes beyond filling vacancies. This means balancing leasing with maintenance, tenant relations, financial management, and legal compliance.
As the propertymanager of an HOA or community association, it’s up to you to issue and track HOA violations in minute detail, and to take legal action against repeat offenders evenhandedly. Send out notices from your software and then track them to ensure enough time is given to both residents and HOAs (more on that in step 4). #2:
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