Property Management Software for Landlords
Recently I was approached to begin marketing a new property management software for landlords from Dectia Software. Having purchased my first 2 rental properties during the summer of 2014, I was excited to learn more about this software simply beyond my marketing relationship with the company.
Why Use Property Management Software
It wasn’t long into my tenure as a landlord, that I realized I needed some method to help me organize the day to day operations of my rental properties. Both of my rental properties came with long term tenants. Immediately, I needed to be able to track the financials of these properties. I needed to account for the deposits they had paid on these properties and the pro-rated rents that I had received at closing.
On a monthly basis, I am tracking not only the rental income that is coming in from my tenants, but I am also needing to track expenses. In recent months those expenses have included such things as the replacement of a furnace, plumbing repairs and pest control, not to mention the ongoing expenses of property taxes and insurance. These expenses are important to not only the profitability of my properties, but also for my yearly tax reporting as the majority of these expenses are deductions against my overall tax liability (this is not meant to be construed as tax advice, seek counsel from your tax adviser).
Property management software is a landlord’s friend for these purposes. Software allows the property owner or property manager to quickly organize income and expenses. Reports are readily available, so that the owner or manager knows the profitability of a property at any given moment.
Additionally, a property management program allows the property manager to track and organize tenant leases. The manager can quickly look to determine tenants who have leases coming up for renewal in the near future. They can also track the status of rent payments at any given moment.
Having the critical information of your properties and tenants at your fingertips is what makes property management software such an invaluable resource for landlords and property managers.
Property Management Software Choices for Landlords
In the marketplace today there are 2 basic categories of property management software. There is online software that is cloud based and accessed with a username and password. There is also downloadable software that operates from your computer’s desktop.
Most cloud based software for property owners is set up on a monthly subscription basis. The subscription price generally increases as the number of properties under management increases and/or as the number of property owners increases.
Downloadable property management software is typically licensed based on the number of property owners or the number of properties allowed, based on the software limitations. These licenses are typically a one time investment, with the option for an annual update subscription. Many prefer a downloadable software option, because the financial data of the property owner and the personal information of the tenants is saved onto the owner or manager’s local computer.
Easy Property Management Software for Landlords by Dectia
Dectia Software has been creating property management software for the French market for over 4 years. Recently Dectia released an English language version of their software for the U.S. landlord and property manager markets. The Easy Property Management software for landlords is a downloadable software package that is free to download. The software is licensed based on the number of property owners.
The software is extremely easy to use and can quickly be learned by even the most novice of computer users. There is no special coding or technical knowledge needed. The software not only tracks income, expenses and leases, but it offers pre-made correspondence. This includes such things as notices of rent increase, needed repairs and past due rents. There are multiple reporting functions built into the software, including a Schedule E for tax reporting purposes, which will make your tax preparation expert happy.
Watch this tutorial of Easy Property Management software for landlords and property managers to better understand the simplicity of this program.
Download your copy of Easy Property Management software for landlords and property managers.
