If you are starting to get into the area of owning a few properties it can become a really time consuming chore to keep up with all of the things you need to track with each one. In this day and age of computer literacy, diaries and log books have been replaced with super functional property management or landlord software that can really help you to cut down the time spent on organisational tasks. Not to mention the fact that it can also make sure you don't miss any important dates that could land you in hot water.
For example Landlords Property Manager allows you to keep an eye on things such as Rates, Rents and Insurances on each of your properties no matter how extensive your portfolio. This means that anything you are liable to pay on your properties can be recorded and tracked in this section of the property management software. So if you pay ground rent on any of your properties then you pop it in here and you can see at a glance what has been paid and when.
If you happen to liable for any of the rates on the property such as water or council taxes then this software has a very practical section for dealing with this. Entry of the details for each property will stop you missing any vital dates and better still provide you with an accurate record of what you had to pay out and when for when tax time rolls around.
Granted often the tenant is responsible for these things but in these hard financial times we have to face the fact that we sometimes may not have a tenant.
This landlord software also has a great little feature that allows you to flag certain properties where you may have included the rates you are paying in the rent you are charging so it is likely to be an ongoing thing. The reason this is so important is because rates paid this way are excluded from the 10 percent wear and tear calculation. The flag lets you see instantly any of your properties that fall into this category.
Clearly we are in the same business you are and have designed this landlord software originally to help ourselves based on some of the things we have learnt through experience.
Our customers really do think that our property software solutions do make a landlord's life easier.
Property Management Software Comparison
We, however, have a very good idea of the needs of landlords as we have years of experience in this area ourselves. Using this experience we have designed what we consider to be the ultimate property management software. We recommend it because we use it and know how much time and money it can save you.
Clearly this landlord software has all of the things you would expect from such a tool, a place to record tenants details of each property and another to record any expenditure for each house in your portfolio.
We are confident, however, that the extra things we have included in this property management software is what sets it apart from any other.
We have a separate section in the software for Services, Wages and Travel. This allows you to accurately keep track of any services you avail yourself of in order to keep your business running smoothly. They can range from a one off clean of the property when tenants move out to a permanent wage for a gardener or general maintenance man.
This landlord software allows you to enter all the key information such as a description of exactly what service was provided, the cost and date of the service. If it is something you pay on a regular basis, once a month or similar then the software allows you to flag this as a monthly cost e.g. a standing order or direct debit.
If you pay ?50 pound a month for a gardener on a particular property then you are paying for a cost that would normally be borne by the tenant. It is important you flag this fact as it has tax implications.
Another thing that this property software does is allow you to record any money that you spend on travel that is directly related to a property. So, if you have reason to visit a property then you can capture these expenditures.
We are convinced, because this property management software is designed by landlords for landlords, that it makes the job of running a property portfolio much easier. There is always going to be a lot of work involved in running a property business, especially if your portfolio is a large one, but this software has been specially designed to alleviate some of the pressure you are under as a landlord!
Always And Forever Pictures These pictures usually represent the reality better, being the types of forever photos that are only captured on the spur of the moment by use of a conveniently placed disposable camera