A huge issue for professional landlords as they grow their portfolio is staying organised. I believe that an essential step for serious landlords is to invest in property management software.
The problem is that many landlords fail to ask the right questions before purchasing their software.
Becoming a serious investor brings new problems you won’t have experienced before. The answers are provided by clever software. The next challenge is to pick the right solution. Property Portfolio Software‘s products are specifically designed to handle the major challenges faced by landlords.
Landlords should ask the following 7 questions:
1. How long has the software been on the market? This might seem obvious but if the software is from a new start-up company, then it’s natural to be sceptical at first. Because the property market has boomed over the last few years, a number of different landlord software vendors have come to the market and disappeared within a couple of years.
2. How many sales have been achieved to date? Don’t be afraid to ask this vital question as it will give you a good indication as to how popular the solution is.
3. What kind of support is provided? The support service that sits behind the product is more important than the product itself. It will determine how successful the product is. It’s inevitable you will need to speak to someone at some point and the speed and manner in which your query is dealt with will either make you a fan or put you off totally!
4. Who has designed the software? Steer clear from software that has been designed by ‘computer techies’. What you want is software that has been designed by experienced landlords .
5. What is the refund policy? It is important that you look into any refund policy that is made available and definitely read the small print.
6. Who is the software recommended by? Check out testimonials and make sure the software is approved and recognised by the National Landlords Association (NLA), the largest landlords’ body in the country with 20,000 members.
7. How often is the software updated? Software will always need to be fixed and developed on a regular basis. In the best packages the software can automatically update itself.
Property Portfolio Software’s flagship product Landlord’s Property Manager tracks all property-related income and expenditure and helps landlords to get better organised.
