Today we are sharing an important technology tip. When you’re looking for a property management company, make sure you choose one that has good systems in place. Technology has come a long way and there are systems out there that make taking care of your rental property and your tenants as streamlined and efficient as possible.
At Capital Properties, we use a system called Appfolio. This is an all-inclusive piece of technology that offers everything you can possible need from property management software. There are owner portals and tenant portals and it keeps communication open and transparent. Owners can get their statements online and tenants can log on to create work orders for maintenance issues and repairs that need to be done. Those work orders go directly to the property manager and a vendor can be dispatched right away.
This system makes financial management easy as well. Tenants can go online to pay their rent and owners can receive direct deposits through electronic ACH transfers. That means you get rent deposited directly into your checking account. We also use this system to generate 1099 forms at the end of the year, so owners can easily manage their taxes.
With a technologically advanced system like this, tenants can apply for rental properties online. They can even review and sign their leases using the portal. Appfolio also helps with advertising. Your listing will go out to several different websites that market your property to potential tenants.
This is the kind of technology you definitely want to have access to when you’re the landlord of a rental property. When you are talking to different property management companies, and trying to decide which one to use, be sure to ask about the software system the company uses and find out how comfortable they are with the latest technology. A tech savvy property manager can take care of your property with a lot more speed and efficiency.
If you have any questions about available technology, or you’d like more information on the services we provide, please contact us at Capital Properties, and we’d be happy to talk to you.
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