What is rental property management software?

Property management software allows landlords and property managers to monitor, screen, and provide online rent collection to their renters. The rental industry is always looking for ways to optimize, simplify, and enhance back-office operations and finances, and property management software is the way to do it. Using property management software improves communication between managers, owners, and renters.

TenantCloud streamlines daily property management tasks while saving time and money by reducing add-ons.

The best property management software integrates all the main features of property administration into a single program, including accounting, maintenance, inspection, communication, online rent collection, tenant screening, and reporting.

TenantCloud enables landlords to breathe easy by promoting lists on a free website, increasing rent roll, offering tenants better service, and scaling up business.

Property management software enables businesses to provide the best services and expand on a larger scale. If you are a property owner or a landlord that understands all the features and benefits of using property management software and is looking for the best one, try TenantCloud!

Capterra ranks TenantCloud as one of the best three web-based property management systems available today.

TenantCloud simplifies administrative, marketing, and other business operations for property managers who oversee multiple rental properties. It allows users to post property listings, sign lease agreements online, advertise rentals, and receive and resolve maintenance requests from tenants, among many other features.

Managers and owners can speed up the leasing process to keep more of their properties occupied with quality tenants by using our property management software. TenantCloud is a dynamic platform that equips property managers with everything they need to launch, operate, communicate with tenants, and expand.

While property owners and managers efficiently manage their rental properties and keep tabs on accounting transactions, their tenants can apply for apartments and pay their rent online, thanks to real estate management software. Even service professionals will benefit from clear online maintenance requests and detailed work orders.

Landlords and Property managers: with property management software, landlords and property managers can: collect rent online, store all their rental information on our cloud-based software, upload photos, manage maintenance requests, use automatic accounting features, accept online rental applications, sign lease agreements with an e-signatures, check on financial reports, communicate with tenants, team and service professionals, advertise rental vacancies on more than 25 rental websites, and much more.

Tenants: In addition to searching for a rental property, tenants may pay their rent online, request maintenance, apply and sign lease agreements online, contact their landlord, and view their rental history.

Owners: Obtain access to property data, accounting activity tracking, communication, and the ability to pay and receive funds from property managers.

Service Professionals: Creating task lists and schedules, accepting maintenance requests online, sending and receiving payments online, tracking transactions, and interacting with clients. Service professionals may also develop a company profile.

As a landlord, you’ve got a lot on your plate. Tasks like managing properties, dealing with difficult tenants, and routine maintenance is a property owners’ day to day. Failing to juggle all these aspects of rental property ownership may result in stress, financial hardships, or even legal issues. Operating efficiently before problems start and snowball into major issues is crucial. Some landlord concerns easily solved with software like TenantCloud are:

Late Rent Payments: Dealing with tenants who forget to pay rent is annoying, especially if they are repeat offenders, and waiting for those renters to pay late might cost landlords money. Manually collecting rent individually is time-consuming and can also delay payment. Accepting rent online offers a more accessible and automated way to keep your tenants on track.

Laws and Regulations: Learning all the rules and regulations that come with rental properties is overwhelming but vital in avoiding legal issues. TenantCloud offers all the documents a landlord may need for rental properties. Templates and documents comply with state laws, are easily customizable, and can be completed in minutes.

Maintenance: Maintenance is a common source of frustration for both renters and landlords. The issues must be addressed immediately to avoid angry tenants and further complications. Leaks, mold, and pests should not harm the tenants or the property. Even if there are no updates, daily reports on issues ease tenant’s worries. In addition, finding and communicating with trustworthy service professionals can be time-consuming, and having an easy one-stop shop to track problems alongside them is invaluable.

Untrustworthy Tenants: Running a tenant screening before signing lease agreements prevents all types of issues, including property damage or flighty tenants, leaving your properties out of commission for repairs or unexpectedly empty. Performing background and credit checks can help you protect your properties and select the right tenants who will pay their rent on time.

Advertising Rentals: Many managers underestimate the value of advertising an investment property or don’t know how to do it correctly. Advertising rental property will help landlords find tenants quickly and easily.

Managing Property: Property management may seem easy at first, but even keeping one property clean and ready for tenants is difficult. It often requires monetary and time investments to update, repair, or restore properties, and buying and selling is quite the process.

Property management software allows landlords to get paid quickly and easily with the help of online rental payment tools. Tenants can pay rent instantly from their phones using the TenantCloud app. Keeping records online makes it easier to keep track of payments from each tenant and create financial reports automatically.

What’s the key to success? Onboarding new contacts and retaining long-time clients. Everything revolves around effective communication, which benefits building strong relationships. Every TenantCloud property owner can create a free marketing website, which is a great way to advertise vacancies and showcase your properties to potential tenants. More effective advertising equals more qualified tenants interested in your property.

Using property management software will reduce unnecessary costs. With the help of a tenant screening report, landlords can determine whether a candidate is a good fit for their property. The more information you have, the safer your rental home and business will be.

With maintenance management functionality, you, and your tenants can communicate and assign work directly to service pros through the software, making and resolving maintenance requests simple and quick.

With on-demand rental reports, you’ll have only the data you need. Running community analytics through property management software will allow you to check on every aspect of your business. TenantCloud automatically calculates your gross income, operating expenses, non-operating expenses, net income, and the prior month’s income.