Lease management software can help you ensure that you’re getting the most out of your lease agreements and collecting enough revenue from your tenants to make your property profitable. It can also help you prepare for the end of leases, so you don’t lose money or have to go through the hassle of evicting deadbeat tenants. Here’s how to choose the right lease management software for your needs.
Define your needs
Lease management software is an essential tool for property owners and managers. There are a variety of features that these programs offer, such as analyzing trends, managing leases, and streamlining workflow. However, before choosing a lease management software program it is important to understand your needs and know what features you want your new lease management system to have.
Is your company small or large? Do you need a program with plenty of customizable features? Or do you prefer leasing software with a few key functions? Do you need software that will be compatible with your current computer system? If so, make sure the lease management program can integrate seamlessly with other programs already in place.
Do your research
Papertrail.digital is lease management software that enables you to track your leases in one easy to use place. You can easily track rent, payments and invoices with just a few clicks. Create alerts for when a lease renewal is coming up or when it’s time for an inspection, and get notifications about upcoming lease expirations. With Papertrail.digital you’ll be able to use your leases as collateral for financing or sell them quickly on the secondary market if you decide to close your business. In addition, you’ll have access to an instant Rental Property Calculator that will help you determine how much income a property generates based on your monthly rent amount and expenses. The best part all of this comes at no cost!
Consider ease of use
Papertrail.digital is lease management software that offers a range of services to help you manage your lease obligations. This includes:
Providing a monthly statement and notices that go straight to your inbox
Automatically generating copies of all leases for easy storage and retrieval
Easily exporting the data for quick reference or use in other systems
Papertrail has helped hundreds of businesses streamline their lease management process so if you’re looking for a new tool, we would love to hear from you!
Compare pricing
Choosing lease management software for your company can be a difficult process. It requires careful consideration of what you’ll need out of it in order to make an informed decision. Here are some things to consider when choosing lease management software.
Online or offline: Is your business going to require access to this program on the go? Will you need it on your phone, tablet, or laptop? If so, an online program may be best for you; however, if not and you don’t mind installing the program on one device at home, an offline version could work as well.
User-friendliness: How easy is it for you and your employees (if applicable) to navigate through the software? Does it have intuitive features that make navigation easy?
Get expert input
Choosing the right lease management software can be a challenge, especially if you don’t know what features are important. Here are some things to consider when you’re looking for software that will work for you:
1) Budget – There are many lease management software programs available, from free options to expensive ones. What type of budget do you have?
2) Ease of use – Does the leasing management software require complicated instructions? Do they allow for easy customization and updates?
3) Integration – Will it integrate with your other business tools like QuickBooks or Google apps?
4) Cloud-based vs. on-premises – What is your preference when it comes to hosting your leasing management software in a cloud platform or running it on-site?