{"id":2201,"date":"2014-11-07T09:49:32","date_gmt":"2014-11-07T17:49:32","guid":{"rendered":"https:\/\/www.rentecdirect.com\/blog\/?p=2201"},"modified":"2022-06-16T09:28:04","modified_gmt":"2022-06-16T16:28:04","slug":"5-ways-property-management-software-will-save-you-money","status":"publish","type":"post","link":"https:\/\/www.rentecdirect.com\/blog\/5-ways-property-management-software-will-save-you-money\/","title":{"rendered":"5 Ways Property Management Software Will Save You Money"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7907 size-large\" src=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2014\/11\/bigstock-money-and-chart-29975558-600x400.jpg\" alt=\"property management software will save you money\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2014\/11\/bigstock-money-and-chart-29975558-600x400.jpg 600w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2014\/11\/bigstock-money-and-chart-29975558-300x200.jpg 300w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2014\/11\/bigstock-money-and-chart-29975558-768x512.jpg 768w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2014\/11\/bigstock-money-and-chart-29975558-610x407.jpg 610w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2014\/11\/bigstock-money-and-chart-29975558.jpg 900w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>Whether you own or manage rental properties, using <a href=\"https:\/\/www.rentecdirect.com\/\">property management software<\/a> can save landlords and property managers money and valuable time. \u00a0Property management software provides cost-effective and efficient tools to streamline your rental management tasks and help you take control of your business goals.<\/p>\n<p>Here are 5 ways that property management software will save you money.<\/p>\n<h3>1. \u00a0Efficient Marketing<\/h3>\n<ul>\n<li>Stop wasting hours of valuable time advertising your vacant rental property. Maximize your vacant property\u2019s exposure online through a rental listing syndication feature in your property management software. \u00a0Create one marketing profile for your property with details and pictures \u00a0and publish it to the most popular and frequently used real-estate rental listing websites. \u00a0<a title=\"Rental Listing Syndication Network\" href=\"https:\/\/www.rentecdirect.com\/blog\/2011\/05\/rental-listing-syndication\/\" target=\"_blank\" rel=\"noopener\">Rentec Direct\u2019s syndication network<\/a>\u00a0includes nearly 20 distribution partners including <a title=\"Homes for Rent Zillow\" href=\"http:\/\/www.zillow.com\/homes\/for_rent\/\" target=\"_blank\" rel=\"noopener\">Zillow<\/a>, <a title=\"Homes for rent Trulia\" href=\"http:\/\/www.trulia.com\/rent\/\" target=\"_blank\" rel=\"noopener\">Trulia<\/a>, <a title=\"Yahoo homes for rent \" href=\"https:\/\/homes.yahoo.com\/\" target=\"_blank\" rel=\"noopener\">Yahoo<\/a>, <a title=\"Homes for rent Trovit\" href=\"http:\/\/homes.trovit.com\/\" target=\"_blank\" rel=\"noopener\">Trovit<\/a>, <a title=\"For Rent Oodle\" href=\"http:\/\/apartments.oodle.com\/grants-pass-or\/?r=50\" target=\"_blank\" rel=\"noopener\">Oodle<b> <\/b><\/a>and many more.<\/li>\n<li>This efficient marketing feature in your property management software will not only help you fill your vacancies, increasing your rental income, but you\u2019ll reach a larger pool of applicants so you can select the most qualified tenant for your property.<\/li>\n<\/ul>\n<h3>2. \u00a0Secure Reliable Tenants that Pay Rent on Time with Tenant Screening<\/h3>\n<ul>\n<li>Property management software provides the tools to instantly order credit and background reports on your perspective tenants. \u00a0Generating instant reports helps you streamline your application process so you can fill vacancies faster and alleviates the high cost of an empty property.<\/li>\n<li>Properly screening tenants is the only way to make sure you are taking the appropriate steps to ensure your properties are rented by reliable and responsible tenants. \u00a0An applicant\u2019s credit report reflects his or her tendency to pay bills on time and reveals any debts that might prevent them from paying their full rent amount on time, every time. \u00a0Understanding the fiscal responsibility of your applicant can help you avoid dealing with late payments, or worse-no payment.<\/li>\n<li>\u00a0Learn more about \u00a0<a title=\"Instant Credit Reports and Tenant Screening\" href=\"https:\/\/www.rentecdirect.com\/details\/tenant_screening.php\" target=\"_blank\" rel=\"noopener\">Instant Credit Reports and Tenant Screening<\/a> on\u00a0RentecDirect.com<\/li>\n<\/ul>\n<h3>3. \u00a0Reduce Evictions and Vacancies with Quality Tenants<\/h3>\n<ul>\n<li>Evictions and property vacancies are some of the most costly expenses for property managers and landlords. \u00a0Tenant screening through your online software not only demonstrates an applicant&#8217;s creditworthiness but property managers and landlords can also assess an applicant\u2019s eviction history and criminal background.<\/li>\n<li>Eviction reports reveal an applicant\u2019s rental history and shows any prior evictions. \u00a0Pulling a criminal report on an applicant shows an applicant\u2019s willingness to follow rules and gives an idea of the \u00a0likelihood of criminal activity taking place on your property. \u00a0Avoid renting to an applicant with a history of evictions or disregard for following the rules, to save yourself from dealing with an eviction or with illegal activity. \u00a0Evictions can become extremely costly, especially if a disgruntled tenant damages your property during the process. \u00a0(Just make sure you are adhering to the <a title=\"Fair Housing Act\" href=\"http:\/\/portal.hud.gov\/hudportal\/HUD?src=\/program_offices\/fair_housing_equal_opp\/FHLaws\/yourrights\" target=\"_blank\" rel=\"noopener\">Fair Housing Act<\/a>).<\/li>\n<\/ul>\n<h3>4. \u00a0Timely Maintenance with Work Order Tracking<\/h3>\n<ul>\n<li>Maintenance issues on your property can become extremely expensive if they are not fixed in a timely fashion. \u00a0Property management software gives your tenants a convenient way to submit maintenance requests through a <a href=\"https:\/\/www.rentecdirect.com\/details\/tenant-portal\"><b>Tenant Portal<\/b><\/a>. \u00a0Property managers are then able to track and manage the progress of the work order from the portal. \u00a0This efficient maintenance management feature in your property management software saves you money.<\/li>\n<\/ul>\n<h3>5. \u00a0Collect\u00a0Rent\u00a0on Time with Online Payments<\/h3>\n<ul>\n<li>Forget the \u201clost in the mail\u201d excuse. \u00a0With property management software, your tenants are able to <a title=\"Pay rent online\" href=\"https:\/\/www.rentecdirect.com\/details\/tenant_ach_payments.php\" target=\"_blank\" rel=\"noopener\">pay rent online directly from their checking account with ACH payments<\/a> or a credit or debit card. \u00a0Tenants can schedule monthly, routine rent payments, so you receive your rental income on time, every time.<\/li>\n<\/ul>\n<p><strong>Do you use property management software to manage your rental properties? \u00a0What are some of your favorite features?<\/strong><\/p>\n<hr \/>\n<h3>Related Reading For You:<\/h3>\n<ul>\n<li><a href=\"https:\/\/www.rentecdirect.com\/blog\/never-when-managing-rentals\/\">5 Things To Never Do When Managing Rentals<\/a><\/li>\n<li><a href=\"https:\/\/www.rentecdirect.com\/blog\/quickbooks-vs-property-management-software\/\">QuickBooks vs Property Management Software for Rental Accounting<\/a><\/li>\n<li><a href=\"https:\/\/www.rentecdirect.com\/blog\/acquiring-more-properties\/\">Interested in Acquiring More Properties?<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Whether you own or manage rental properties, using property management software can save landlords and property managers money and valuable time. \u00a0Property management software provides cost-effective and efficient tools to streamline your rental management tasks and help you take control of your business goals. Here are 5 ways that property management software will save you [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":7907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"iawp_total_views":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[275,725],"tags":[569,582,586],"class_list":["post-2201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-property-management-software","tag-landlord-advice","tag-property-management-advice","tag-save-money","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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