The Flow of Property Management

by Andrea West


Posted on 2017-02-21 13:13:55


When you think about it, property management has a nice flow to it-

  • Pricing

  • Marketing

  • Rental applications

  • Resident screenings

  • Sign rental lease agreement

  • Move-in

  • Collect rent

  • Maintenance

  • Move out

  • Repeat

 

Except if you think about it just a little bit longer, you immediately realize that the process rarely flows this nicely. It’s difficult to figure out the best way to market your properties. You may have a lot of applications to rent, but after running the tenant screening reports may have a difficult time deciding who would be best to rent to. Residents may not follow all the rules in the tenancy contract and they may not always pay their rent on time. Maintenance issues can arise unexpectedly. Someone might have to be evicted.

 

Not only does all of this stuff come up, like rocks that cut up and impede a nicely flowing river, but you’re going through this with multiple units and they’re not all at the same stage of the flow at the same time, making it even more difficult to keep track of.

 

Then there’s the stuff that doesn’t fit into the normal flow but still has to be done, like remodels, accounting, taxes, and inspections.

 

Take a deep breath, hold it in for five counts, then breathe out.

 

You can do this.

 

This article was not written to remind you about how stressful your job can be but to let you know that there are a lot of options for property management software out there to help make your job easier. They all have different products and pricing options and with some research you can find one that works for you.

 

Smart Housing is working hard to provide you all of the products you need in one convenient place at an affordable price. We work with everyone - from landlords with only one unit to enterprise level with thousands of units. You can sign up and test us out for free to see if we can help your workflow run more smoothly.