Technology is a big part of the way we work when we’re leasing, managing, and maintaining properties in Arlington and the surrounding areas. If you’re working with a property management team, you’re likely already leveraging the best management software that’s available. If you’re managing your rental property on your own, you might find yourself at a slight disadvantage without the technology that we have available as property managers. It’s easy for us to use tenant and owner portals to collect and distribute rent electronically, follow up on maintenance requests and invoices, and generate accounting statements and financial reports.
There’s a lot you can use, however, to automate your systems and make your management process more efficient.
Here’s how technology can benefit rental property landlords like you.
There’s a big place for technology when it comes to leasing. Your marketing process, showing process, and even the negotiation and execution of the
lease agreement can all benefit from good technology.
Let’s talk about showings.
Showing a
rental property is time consuming and often frustrating. You might find yourself juggling your own schedule in order to meet the scheduling needs of your prospective tenants. You might also find yourself showing up at your property for a scheduled appointment and then being blown off by your potential tenant. It’s a waste of time.
Instead of making yourself available at all possible hours, consider using some showing technology that allows tenants to see the property on their own. You don’t have to be there, and so your time is protected. Your potential tenants will also appreciate the ability to wander through the home on their own time and at their own pace.
There are different technologies for this, including digital keypads and lockboxes that can be opened via app. This is secure technology that protects your property and limits who can come and go and when they can come and go. It leads to a shorter marketing period and faster leasing.
There aren’t a lot of tenants who still enjoy writing out a paper check and mailing it to their landlord.
Online rental payments are the priority of many tenants, and if you can collect rent electronically, you’ll find that rent is paid on time more often. It’s convenient for tenants, and you get paid faster.
We have portals that tenants can use to pay rent with a bank account, debit card, or credit card. It’s easy for them to schedule payments in advance or set up recurring payments. Without a portal of your own, you can still set up electronic transfers of funds from your tenants to you. Engaging the available technology to collect rent electronically will make your rent collection process much easier.
With the right technology, you can more accurately price your property, market your home, show the property to tenants, communicate with residents and vendors, and manage maintenance. You can more easily track your accounting and finances. The right technology makes all of your processes more transparent and accountable.
We’d be happy to tell you more about how we utilize the latest property management technology without sacrificing the personal service that’s so important to our Arlington rental property owners. Please contact us at Arlington Realty Property Management.
