Category Archives: Property Management Software

Discussion and articles about software applications and how they can help.

Managing Profit and Loss

Posted on by

As a landlord, you operate as any other business owner would, and you face the same challenges.

In fact, in some ways the rental business is more complicated because of the way the cash flow works. Monthly cash inflow (the rent) and outflows (taxes, other expenditures) are all happening at different times. In such a scenario, calculating whether your property is making you a profit is not a simple back-of-the-envelope calculation.

And the task becomes even more complicated when you manage multiple properties.

Most importantly, it becomes time consuming.

On the other hand, this information can help you make crucial investment decisions, with the confidence that you’ve got all your numbers in place.

What’s the answer?

Continue reading →

Travelling Expenses

Posted on by

Directors may incur expenses when on the company’s business. Most travelling expenses involve the cost of running a car.

It used to be a good tax planning idea to have the company own a car and allow the director to use it for both business and private purposes, as the rules for taxing directors on their private use of a company car were very generous.
Continue reading →

7 questions to ask before purchasing property management software

Posted on by

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:

Continue reading →

Why no demo property management software download?

Posted on by

We sometimes (very rarely now) get asked the question ‘why don’t you have a trial download of your property management software solutions available?‘

A very good question.

The fact of the matter is that for almost a whole year we allowed our Property Portfolio Software website visitors to download a fully functional 30 day trial version of both our property management software solutions.

Although we were getting a healthy number of download requests, we found that almost 90% of those that requested a download never actually bothered to trial the software. We found this out after running an expensive telemarketing campaign.

In other words, they were not really motivated enough to actually take some time out to test drive our property management software solutions.

Of those who did trial the software, we found that most went on to purchase the software.

We also found that most of our sales came from people who never even bothered trialling the software!

Continue reading →

Five top tips for better tenant management

Posted on by

People in the property business should realise that their tenants are the most important people they deal with, as they are their customers. Looking after tenants correctly determines the cash flow landlords generate from their properties.

Failure to manage tenants correctly will most likely result in the landlord losing money, so it’s vital to remember some essential rules to ensure tenants are paying full market rent every time.

My top five tips for landlords are:

1. Show your tenants that you are a professional landlord: This seems obvious but tenants fear the ‘landlord from hell’. Don’t fall into this category by not addressing property problems immediately, or raising rents without adequate notice. There is nothing better to demonstrate that you are a serious and well organised landlord than providing new tenants with a welcome pack. This will show you have nothing to hide and will contain essential information about the property, plus a question and answer section.

Continue reading →

Earn £££’s by Referring Our Property Management Software Solutions

Posted on by

It’s always a great feeling when customers and other webmasters email you to say how great they believe our property management software solutions are and that they would like to start promoting them to other landlords and investors.

In order to cater for the growing number these enquiries, we have now implemented our Property Portfolio Software – Affiliate Programme through which we have tried to incentivise our customers and other webmasters to pro-actively promote our software by offering generous commissions.

For example if you refer our Landlords Property Manager – Regular solution, you will earn £36.75 in commission. If you refer our Landlords Property Manager – Professional solution, you can earn a whopping £61.75 in commission! All this by just sending the customer to our site with your unique affiliate tracking code.

It takes less than a couple for minutes to join our affiliate programme. To learn more and start earning those affiliate commissions click the link.

Live Support Now Available

Posted on by

The PPS Team are please to announce the addition of an online chat function to our home page at www.propertyportfoliosoftware.co.uk

Online chat allows you to talk to a member of staff in real-time using a text-based interface. It’s just like Instant Messaging. If you have any questions about any of our services, you can discuss it live with a member of the team.

You can access this feature by clicking on the Live Support icon at the top right-hand corner and you can either speak directly to one of our Support staff or leave a message.

Announcement

Posted on by

With the release of version 7.0 earlier this year, the software was rebranded to Landlord’s Property Manager Professional and Landlord’s Property Manager Regular. The titles Landlord’s Property Tax Manager and Property Portfolio Manager now refer only to version 6.0 and earlier versions. These versions will no longer be supported from 01 July 2008. If you are currently using version 6.0 and have not received or acted upon an email notification about this change, please contact us.