How to Choose the Best Rental Management Software for Your Investment PropertyRob Richards
Managing your rental property is hard enough as it is, so choose the right software program to assist you along the way. Here are some tips to help you make this decision.
1. Focus on the features you are really looking for
One of the biggest mistakes made by rental property owners is purchasing software that is too complicated for their needs (which wastes time and money). Let your rental management software do what it does best – manage your investment property tax records. Rent Manager is a very simple computer recordkeeping system that keeps great records for your investment property. It records all the essentials like receipts, payments, Agents Summary and more. It even calculates depreciation on furniture and fittings and tracks your loans. For other things like small business accounting and payroll, there are other products around like Cashflow Manager, which are very easy to implement.
2. Make sure you can run a full demo or trial version
Try before you buy! Find something that has a trial like Rent Manager, so you can download a full trial of the program and see exactly how it works. You can download a free 30 day trial here.
3. Look for a program that is easy to install, use and has customer support
Rent Manager comes with 12 months free support so you can ask the technical support team as many questions as you like while you are getting started with the program.
4. Find the best value for money
Any software you buy should be considered an investment. No software is cheap but running without software can be expensive, especially if you are audited by the tax office.
5. Do Some Homework
Listen to what professionals in the industry have to say about the product. Find customers who are similar to you or have similar needs to you, and hear what they have to say. People are pretty open to sharing their experiences these days and YouTube is full of product testimonials you can look up easily.