Working with a property management company that utilizes innovative technology provides a number of benefits to landlords in Carlsbad. There are a lot of new technology trends in the management industry that can help rent properties faster and keep the process more efficient.
Cloud Based Management
On the forefront of the technology trends in property management is the migration of data from local servers. All of the property management data has been moved to the cloud. This includes online based management systems, online bookkeeping, bill paying, rental payments and disbursements to property owners via ACH. This creates more transparency and access for managers as well as landlords.
Property Management Software
Property management software is one of the things that have really improved with technology. Online software allows us to provide portals to tenants and owners. Owners have real time access to their data. They can pull financial statements 24/7. Tenants can log in and see if they owe a balance because they also have access to online accounting. They can pay rent online, and this allows us to pay owners online. As soon as that rent payment is made, we can make a direct deposit into the owner’s bank account. This provides a huge benefit because our owners get their money a lot faster. We don’t have to deal with checks, where would take the tenant’s check to the bank and then wait for it to clear and then mail the check to owner three days later. The whole process moves a lot faster.
Technology Trends and Marketing
There are also marketing benefits that result from our latest technology trends. We can set up a property profile with marketing enriched photos and detailed descriptions. With the click of a button we can export your listing to over 200 rental marketing websites like Rentlinks.com, Hotpads.com Trulia.com Zillow.com ForRent.com, and literally hundreds of other websites across the Internet. We’ll rent your property a lot faster because all the information a prospective tenant is looking for can be found there, including the location, number of bedrooms and rental price.
Inspection Applications
Another technology that’s available is inspection applications. This availability stems from the real estate inspection industry because property managers do hundreds of inspections every year, or at least they should. The old school way of inspecting properties was to go through the house with a pen, pad of paper and a camera. We’d get back to the office, upload the photos and send the owners an email with a few photo attachments and do the best we could to show the condition of the property. Today, we have tablets, which makes the whole process more efficient and allows our owners to receive much more robust reports that include dozens of photos as well as an in depth reporting of the property's condition.
Documenting Property Condition
With the new technology, we can go through the property with the iPad and take photos of every room and note any issues. We can document a leaky faucet and get a picture or take a video of the leak. This technology allows us to record the condition of every single room. The program prompts us to look at flooring, walls, baseboards, windows and doorknobs; everything. This is especially useful for owners who aren’t local or are out of state. They just want to see the property condition once in a while and know that everything’s okay.
Inspection Report
With the property inspection technology, we are able to generate a PDF report that is 8 to 13 pages long, with photos documenting the interior and exterior. The benefit is that owners who can’t get inside the property very often can see what it looks like. They can see if anything is wrong and they can also see that the long term tenants they appreciate are taking good care of the property and treating it like their own home. It’s a huge benefit to property owners. If you have any questions about property management technology, please contact us at Real Property Management.
