HOW TO AUTOMATE YOUR MANAGEMENT WITH PROPERTY MANAGEMENT SOFTWARE
It’s no secret that managing rental properties is time-consuming. You might be surprised to learn, however, how much time it takes to manage just one property. And with roughly 70 percent of landlords self-managing their rentals, the demand on time likely falls to you. Based on the industry standard, landlords spend 4 hours
quality property management software, the time spent on management is cut by about 50 percent. And the best management software reduces management time up to 70 percent depending on the amount of tasks you’re willing to automate. Bottom line, the more you automate with property management software, the more time — and money — you save. Below, we go over six of the primary processes landlords should consider automating using property management software.
managing one rental property each month. This is 48 hours per year for each property. Roughly the same amount of time is spent on leasing, finding a tenant, and turning over the rental property. Altogether, the time for management is about 96 hours per year, which is over 2 weeks. This number, of course, compounds with each additional property you manage. When you self-manage your rental properties, the cost of management is your own time and manpower. But with high-
ALL YOU HAVE TO DO IS SET THE RENT AMOUNT AND DUE DATE, AND PROPERTY MANAGEMENT SOFTWARE TAKES CARE OF THE REST FOR YOU.
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