On a daily basis, letting agents and property managers are often tasked with handling manual business operations, such as tracking and collecting rent and managing maintenance requests. Although these jobs only represent a portion of the work done by property managers and letting agents, they can become time consuming and tedious.
To help avoid such frustrations, many letting agents in the UK are turning to a purpose-built system in property management software.
In short, property management software is a CRM system that allows letting agents and property managers to handle their day-to-day tasks relating to properties and accounting. A PM system enables the automation of mundane administrative operations, improving the efficiency and accuracy of letting agencies in the UK and further afield.
The key advantages of using property management software
The benefits of using property management software are vast and the features you are most drawn to will depend on your requirements as a letting agent. Here are 8 ways letting agents benefit from a property management CRM (especially our very own ReziPM!)…
1. Efficient task management and organisation
2. Save time, money and resource
When you use modern property management software with accounting built-in, you will not need to pay for multiple systems to handle each aspect property management – it can all be done within one PM solution.
As your letting agency becomes more efficient by using a property management CRM, you will also have more free time on your hands to work on other areas of the business. Having organised data stored centrally within your CRM can help you stay on top of your every-day tasks with ease. Using a CRM, letting agencies become more productive, enhancing the way business operations are handled.
If you want to know more about PM, read our full guide to online property management software.
3. Compliant accounting built-in
The best property management software systems will also have the capability to offer accounting within them. A PM accounting system will allow you to handle your accounts using your CRM software, while remaining compliant with the latest legislations and client money protection schemes. Not only does this protect your letting agency, but it also ensures that your clients are protected.
Property management accounting can be difficult as letting agencies manage such a large number of properties, but your CRM software will undoubtedly help you get it done accurately and securely.
4. Rent collection
Late rent payments could be a thing of the past if your property management solution offers automatic accounting features. Luckily for letting agents and property managers, you will no longer need to chase tenants for rent payments, as you can receive funds right from within your PM software.
5. Better communication with clients
As letting agents can manage so many different properties at one time, poor communication with clients is one of the most common issues that they face. Luckily, that is easily resolved with a property management system.
In your CRM, you are able to safely store contact details for all relevant parties – including landlords, tenants and contractors – so you will always have easy access to the contact information you need.
6. Manage maintenance requests without hassle
7. Access your information anywhere
8. Easily view a property’s licences and certificates
As part of ReziPM, letting agents are able to view and record certificates and licences, utilities, and even meter readings. There are many licences and certificates to stay on top of as a letting agency, which is why they are able to view and document within the software itself. The licences and certificates available include Gas Safety, HMO and EPC.
ReziPM – The future of property management software
ReziPM is a property management solution built to meet these benefits and make life easier for letting agents. If you’re interested in our new CRM system, simply book a demo and a member of our team will be in touch: