Best Property Management Software for Small Landlords

If you’re a small landlord, you definitely need the right property management software. But why and how will it help you? That’s what we aim to uncover for you below. But before that it should certainly be mentioned that the global hospitality and travel industries are now as competitive as ever! Everybody who’s worth their salt is now tapping into advanced intelligence and tech to manage properties more efficiently. Hence, the pathway that you choose to build a successful business matters a lot and that’s why you need to adopt such innovative measures.

And there’s immense help with all the heavy lifting, from rental collections and communication to maintenance requests and tenant handling. Sounds interesting? Let’s learn more about the best PMS worth deploying to meet your needs to the fullest.

Some Obstacles You May Be Encountering

Small landlords have to deal with several challenges at times. You should note some of them (many of which you will also strongly relate to):

·       Are you finding it hard to find the right tenants (those who pay bills on time or follow property lease terms) and retain them? It’s a common dilemma faced by most property owners and so are the challenges in terms of screening guests and the frequent turnover aspect.

·       Do you face issues in collecting payments? Do late or missed payments bother you? Of course, you’ll want to have a system that ensures proper collection and dispute resolution for better productivity.

·       Another hassle that may bug you at times is responding quickly to maintenance requests or best taking preventive action in advance. Then there are emergencies that may arise without warning and you’ll want to have the right support system in these situations.

·       Worried about how to manage legal and regulatory complications? There’s a lot of work to be done as you’ll already know! New updates, region-wise guidelines, and whatnot- it’s hard to tackle without a system.

·       Is property damage wearing you down? Is guest communication proving hard to handle? You’re not the only one! Most business owners would say the same thing and that’s where technology is indispensable!

A good property management software can be a good fix in this case. Here’s why.

Why a PMS is Handy for You?

What does a PMS for small landlords do for your business? Here’s a snippet of what you can expect.

• Ø  Automate everything with the right landlord software. This includes everything like collecting payments, reminders, tracking late payments, and much more!
• Ø  Communicate seamlessly through messaging platforms and Chatbots.
• Ø  Get and track maintenance requests online and assign tasks to your staff and vendors.
• Ø  Manage your agreements and contracts smartly while tracking revenues and costs alike.
• Ø  Get insightful reporting and analytics for better business decisions.

Standout PMS Features

What makes a PMS stand out? Let’s take the example of one of the best property management software for small landlords, namely aPerfectStay. It’s an all-in-one solution for your apartment, hotel, or any other property. What are these features? Some of them include:

• ·       Ample Coverage- Picture housekeeping, day-to-day operations, billings, reservations, reporting, and maintenance being handled seamlessly. That’s what it does best!
• ·       Time & Energy Gains- What wouldn’t you give to gain more time and energy? Cloud-based PMS is your solution, helping you save them both in good measure! This includes reservations updates, housekeeping, rental management, and whatnot! Automation is the secret sauce that also ensures excellent guest experiences above all else.
• ·       No Overbooking Guarantee- Aren’t overbookings embarrassing and wasteful? You won’t have to worry about these things anymore, with the PMS ensuring that no room or unit is booked twice in the same time.
• ·       Better Cleaning- Want to set an example? Just link up with a dedicated inspection app and check the latest cleaning status of your room or apartment unit.
• ·       60-Day Booking Window- You’ll find it easy to view and track bookings for the coming 60 days without any hassles. It’s also configurable based on your needs.
• ·       Building Guest Profiles- Offer personalized guest experiences and store and tap valuable data in the system with ease.
• ·       Task Allocation- You can easily manage and assign tasks to personnel while arranging new inventory delivery and fixing issues better.
• ·       Comprehensive Reporting- Customizable hotel or apartment management software will help you view more than 100 financial reports seamlessly. These will give you invaluable insights into how your business is doing (occupancy levels historically, revenue forecasting, etc.).
• ·       Cross-Selling Opportunities- Features like Cross Sellable Properties help you expand revenues with multi-platform property listings. You can thus tap any unused space and offer more booking options based on demand. Modify listings as per guest needs, thereby unlocking chances of bookings and higher revenues.
• ·       Smart Locks- NUKI Smart Locks is incorporated into the PMS, helping you make digital keys to share prior to check-in. A pin is generated with each new booking and the guest gets it for seamless check-in and check-out procedures. That’s not all; you can remotely unlock or lock apartments from the APS itself, while creating manual codes for members of your team.

Choose the Right PMS Like a Pro

How do you select the best property management software for your business? Here are some useful pointers.

• Ø  What do you need?- Property type, features, exact business goals, scalability, etc.
• Ø  Interface and functionality- User-friendliness, navigation, maintenance requests, reporting, tracking, lease creation and other tasks.
• Ø  Integration- Multi-platform integration capabilities, software sync, and payment gateways.
• Ø  Customer Support- Is there round-the-clock support and availability? What are the support channels provided?
• Ø  Pricing & Costs- Ownership expenditure inclusive of setup, subscription, and add-ons + pricing models.
• Ø  Customer Feedback- Testimonials, reviews, reputation, and overall track record.
• Ø  Training & Support- Software onboarding support and training + ongoing assistance.
• Ø  Testing & Demo- Pilot program to check performance + demos/tests.

Why aPerfectStay Is Your Best Bet?

To be honest, aPerfectStay is an amazing solution for small landlords with a fabulous set of features. There’s 24-7 support and a 7-day onboarding cum setup cycle to get you into the thick of things. Free personalized demos help you learn why it’s good for your exact needs, while a dedicated help center takes all your questions swiftly. Of course, another reason to choose aPerfectStay is the way in which it helps you handle guests and enhance satisfaction considerably.

That apart, you’ll also get a unified platform for guest profiles, bookings, accounting, and whatnot! You can do away with multiple systems and paperwork at once and also get real-time data access. Monitor jobs quickly and manage operations better. Automate manual tasks. Make check-ins and check-outs better for guests, maintain guest communication, and of course, offer personalization in services. That’s not all; you’ll get all the juice you  need to make better decisions with data-based insights on your occupancy rates, market trends, guest preferences, revenues, etc. The icing on the cake? Integration with 50+ booking platforms and OTAs along with top-class housekeeping management and low upfront costs (due to it being cloud-based).  If that’s not a good deal, nothing is!

Signing Off

It’s evident that choosing the best PMS for small landlords is imperative for the success of your serviced apartment or hotel. That’s where the above aspects will be handy when you finalize your decision. Choosing an advanced PMS like aPerfectStay will defsssinitely put you on the fast track to success. Reduce stress, gain more time, save on costs, and most importantly, future-proof your business with aPerfectStay today!