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America's Favorite Property Management Software! The IDEAL software for Owners or Managers of Rental Property. Powerful, yet very easy to use. Includes free support! |
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LEASE DESIGNER
Software and Property Management Forms Create your leases fast and easy! Pre-written and numerous clauses written by property management experts. You can edit any of them and save for future leases. Please 150+ property management forms and and free tenant lease! |
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A Tough Choice Deciding on the Right Tenant Software!
There are lots of companies that claim to have the latest and greatest software on the market. There is desktop based software and web based. It is a tough choice.You can weed out 50% of the property management software on the market if you focus first on what you 'really' are looking for. If you focus on software that doesn't cost more and provide more than you need, you'll save time and money. Here are some of the differences:
- Just get software to manage your property - not a 'do it all' software. You'll do better using something like Quick Books to manage your office payroll and assets. However, look for a software that can export into Quick Books if needed.
- You might not need budgeting, so why pay extra for it?
- Do you need double-entry accounting - property management is better suited for cash in and cash out accounting.
- Tenant Screening built in? You'll be paying for a markup because the PM software will just be a 3rd party in the transaction. Look for good discounts offered by your software vendor here.
- Don't be impressed by the outside 'shell'. Download a copy and try it out before purchasing. It may be hard to use and inefficient for your purpose.
- Make sure it can do the basic things: automatically post rent, management fees, and late fees, create checks and deposits, maintain separate ledgers, easy editing of your information.
- Make sure it can be set up for ACH bank transfers to receive rent payments and pay your Owners and Vendors.
- Be sure you'll have some free phone/email support to get started with the program. No matter how easy the software is, you'll need a little assistance.
- Don't go for online software - with desktop software, you can be sure your data is safe and secure. Plus, it will run a lot faster and won't stop your business if the Internet goes down.
- Make sure it is not priced more than the current market!
Ask youself these important questions, and your quest for the right Tenant Software will get a lot easier!
Paul Toller has worked in Real Estate consulting and Computer Software Development for over 20 years. He is co-developer of the Tenant File Property Management Software http://www.TenantFile.com. His latest release is a tenant lease creation software called Lease Designer http://www.LeaseDesigner.com.
