Software for letting agents is much the same as the software available for estate agents except that there is additional functionality specific to property management, accounting and tenant management.
Landlords and tenants are bound to a tenancy agreement facilitated by a letting agent. Much like estate agents, letting agents software will process landlords properties and match them with people looking to rent or let a property, organise the diary for the office, upload properties to the portals and provide marketing module.
To avoid the administration overheads particular to letting agents, software for letting agents will manage tenancy agreements, rental payments and arrears, invoicing, inventory management, repairs and maintenance. Good letting agent software will enable the letting agent to analyse the entire financial picture of each property and of the tenant portfolio.
Software for letting agents, commonly known as property management software also will organise and schedule occupancy and vacancy dates based on the terms of the agreements.
Letting agents can avail themselves of desktop or web-based versions of these letting agency software. Web-based property management software versions may also be able to link into the agency’s social media accounts such as their Facebook account to post new updates about the properties or to automatically upload recent photos. Furthermore, agencies with multiple offices may have common access to allow cross-selling of variously located properties.
Another special feature of software for letting agents is the legal and documentation feature, which offers downloadable forms and templates and agreements for easy print, copy and storage. Automatic history logging will also keep profiles of both landlords and tenants and activities, making it easier
Categories for this article: property management software , software for letting agents
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