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Did you know that 45% of landlords manage their own properties? That's a pretty big number when you think about everything that goes into property management. Marketing, screening applicants, collecting rent, maintenance - it's a lot of work!
But if you only own a few properties, it might not make financial sense to hire a property management company. Still, there has to be a way to take some of the work off your plate. This is where property management software comes in.
If you're hesitant to spend money on software, plenty of free options are available. Keep reading to learn about the benefits of free landlord software.
Property management software organizes tasks associated with a rental business. Most products will include tenant screening, lease management, and other important features. Property management software helps streamline operations for small landlords and large property managers.
If you're a small landlord, you might not want to pay a monthly subscription for software. But, there are plenty of free options that offer many of the same benefits as paid software. Below are some of the top benefits of free landlord software.
These days, most renters will start their search online before even contacting a real estate agent. It's important to have a great online presence and make your listings stand out. Property management software makes it easy to advertise your properties and find tenants faster.
With free landlord software, you can accept rental applications online. This will widen the pool of applicants by allowing people who are relocating to apply. You can also conduct background checks and credit checks with this software.
Accepting online payments is crucial to your success. It gives tenants an easy and reliable way to pay rent on time. Online payments will go directly into your account, so you can make fewer trips to the bank every month.
Free landlord software makes tracking expenses easy. Upload your receipts and attach them to certain properties or file them under general expenses. When tax season comes, you can export all your income and expenses into one file to send to your accountant.
Maintaining properties and rental units is an important responsibility of landlords. When you manage several properties, tracking maintenance requests can be difficult. You can keep track of requests as well as contractors handling repairs through an online portal.
Tenants can include photos or videos of the problems they're having with their online requests. This will make it easier for you to determine what needs to be done to fix the problem.
As you can see, there are many benefits to using property management software. If you only manage a few properties, you might think you don't need this software. But, this software benefits small landlords just as much as large property managers.
Tenantcube offers free landlord software for landlords managing up to 10 units. Our free plan gives you access to many of our top features, including property marketing and online rental applications. You'll also have free access to tech support.
Ready to move forward? Contact us today to request a demo.
This article offers general information only, is current as of the date of publication, and is not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. While the information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Tenantcube Inc. or its affiliates.
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