Software Advice, a widely recognized provider of detailed software reviews, recently sampled 385 property management professionals, and established that while 53% are yet to switch from manual to automated computer-based systems, 28% have already done so, and 9% claim that they do not run their businesses on any system. It’s almost impossible to imagine managing properties without a manual or computer based system– but hey, I guess we’ll probably even start seeing cars running without wheels in future.
For now, let’s focus on the leading property management firms- those that actually understand the importance of running on a comprehensive property management system. When asked why they opted for computer based systems, the majority of the respondents said that they were attracted by increased efficiency. Gone are the days they were forced to rely on manual systems that were not only extensively erroneous, but also pretty hectic. Property management software provides instant access to critical information, and subsequently generates important reports that are relevant to tenants, property managers and property owners.
To help you streamline your operations as you implement a comprehensive property management solution, we’ll walk you through some of the most critical reports you should be getting thanks to your software.