Investing in commercial properties in the St. Augustine area will help you grow your real estate portfolio and bring in extra income. However, it can be challenging to stay on top of managing your properties. This is especially true if you own multiple properties.
Investing in property management software can help make managing a commercial property even easier. This blog will discuss the role these types of software play in your business and how to use them to your advantage.
Improved Productivity and Task Management
Commercial property management software programs are designed to make your life easier. All of your tasks get streamlined, making your workday more efficient.
One of the best things about this type of software is that it automates many of your tasks. By automating various tasks, the software increases accuracy and reduces instances of human error. Some of the items you can do with commercial property management software include:
- Collect rent
- Send reminders
- Upload documents, like lease agreements
- Manage finances and print reports
Easier Tenant Screening Processes
Finding high-quality tenants can be one of the hardest aspects of managing a commercial property. Commercial property management software can assist you with filtering out candidates who might not be a suitable fit. A few of the tools you can use to screen potential tenants include:
- Background checks
- Reviewing rental history
- Reference verification tools
Such capabilities are typically viewed through third-party integrations. This information can be easily accessed, helping you determine right away if an individual or business is the right fit for your property.
Professional Marketing and Advertising
You won't have any tenants to sift through if no one knows if your property is available. Many property management software comes with a marketing and advertising module. You can use website management and social media integration tools to advertise your property to a large customer base.
Some of the marketing features you can explore include:
- Vacancy management
- Rent comparison
- Lead generation
- Website development
You may be able to track reviews that your current and former tenants leave for you. Responding to reviews, even negative ones, is a good business practice.
Online Access for Your Tenants
In today's digital age, many people expect to be able to do a lot of things online. Having an online tenant portal allows you to provide a valuable resource to your tenants. An online tenant portal empowers your tenants and provides them with a convenient place to pay their rent and access information.
Another great feature of an online portal is that your tenants can submit maintenance or repair requests through it. The property manager can easily review what tenants have submitted and respond to them right away.
Streamline Your Operations With Commercial Property Management Software
Managing commercial properties in Saint Augustine doesn't have to be complicated. Investing in commercial property management software can make complex tasks simpler.
PMI Ancient City is a property management company that's worked with commercial property owners in the area. Our expertise allows you to spend more time focusing on what you love to do while we handle your property. Reach out to one of our specialists today.
