Real Estate companies usually make the mistake of either choosing a lower end Property Management Software that doesn’t fulfill their requirements or opting for a high-end real estate software solution that comes with a lot of features which may not be of much use. Improving the way you run your real estate company can be made a lot easier with the correct property management software in place. Did you know using property management software can improve time management and by comparing real estate software, you will find a solution that ticks all of your boxes? By streamlining your workload with a real estate software that is a perfect fit for your business you will be able to prioritize your time more comfortable.
While selecting a Property Management Software for real estate, there are a couple of this you should avoid
Looking at only the cost benefit
One of the most common mistake most of the property managers and landlords make while finalizing a property management software solution is the go with the one that cost the least instead of a solution that may cost a bit more on the outset but in turn, gives higher revenues. Before you invest, weigh the cost you are spending against the ROI that can be derived.
Choosing attractive features that may not be of use
Property Managers should not opt for features that look glitzy and high end as they might not be of much use to real estate. Instead, keep a list of your property management requirements ready and match it against the essential feature of a real estate software.
Not giving technology its due
Many property managers and landlords refuse to accept that they need to keep in tune with the latest technology and chose to invest in a less cost outdated property management system which in return will prove to be a more nuisance than an advantage.
Landlords and property managers have to wear multiple hats, and it can be challenging to prioritize.
Their daily activities can include many different tasks such as:
- Visiting properties
- Completing paperwork and administrative duties
- Managing financial aspects of your business
- Creating and monitoring work orders
- Liaising with your clients
- Marketing vacant properties
Well, yes it sounds overwhelming, but it need not have to with Maisonette best commercial real estate management in Dubai with a unique integration of different modules. Using Maisonette property management software, you can manage your time as well as your business more comfortably.
The CRM in Maisonette real estate software offers an organized storage space for all your contacts, i.e. Customers, Vendors, Landlords, Staff etc. so that you can quickly create, search, edit and manage the data of people you deal. You can even control lead generation and management process sophisticatedly using Lead workplace where you can assign leads by tracking, following-up, communicating and converting potential leads into customers. Having all these information on hand will make it easier to monitor the portfolio without investing much time in searching for contact information or legal documents.
One of the most time-consuming but vital areas in real estate property management is managing the facilities and services of the property to ensure a smooth running of the business, happy tenants & customers, and an excellent inventory. Using Maisonette’s facility management module, you can quickly log, track, follow-up and resolve all complaints raised by the occupant as it is intensely integrated with Asset and Inventory management to support you in monitoring asset level complaints and specific inventory requirements.
One of the most time-consuming but vital areas in real estate property management software is managing the facilities and services of the property to ensure a smooth running of the business, happy tenants & customers, and an excellent inventory. Using Maisonette’s facility management module, you can quickly log, track, follow-up and resolve all complaints raised by the occupant as it is intensely integrated with Asset and Inventory management to support you in monitoring asset level complaints and specific inventory requirements.
Inventory and store management is another time-consuming task as keep track of every item purchased, received and issued can be very tedious. Maisonette’s procurement and inventory management module can take the burden of all the hard work off as uploading your entire inventory with stock count couldn’t be easier. You can easily control your daily stock at various warehouses and manage your purchases by providing accurate stock information. You can even automate reordering levels and reduce your time to track the availability of stock.
With the features and functions included in Maisonette property management software, you would not only save time but can also benefit financially as you would be able to provide a better service by improving customer relations which will increase business growth.
Though learning how to deal with these challenges won’t happen overnight but acknowledging them can help you achieve rewards that will be well worth on a long run. The best property management software isn’t always about undercutting on price or shouting the loudest; it is about delivering with intent and understanding.