Connect with us

OTHER

Enhancing Property Management Software: Must-have Features

Published

on

Enhancing Property Management Software: Must-have Features

Improving property management software requires the inclusion of essential features that meet the requirements of property managers, landlords, and tenants.

Real estate management software and PMS systems should be the number one tool for landlords and property managers to streamline their main operations and optimize workflow.

However, how do you choose the most effective solutions when the market offers numerous options and PMS products? Whether you want to get an already existing product or design your custom software, let’s talk about what makes property management software great and worth investing your money in. Read on what 8 features are an absolute must-have for PMS systems and the benefits of creating custom real estate management solutions. 

Why Should You Consider Custom Property Management Software? 

If you’ve been shopping around for quite some time, you have noticed that it’s difficult to find a PMS product that seems like a perfect fit for your needs. While there is some well-optimized software that will suit a small business or young entrepreneurs, a larger-scale real estate company might benefit from developing a custom property management system.

You can use PMS in various businesses, including hotels, vacation rentals, private homes, apartment complexes, commercial buildings, and industrial property. Learn more about various real estate management software solutions and how to build one in the comprehensive guide: https://otakoyi.software/blog/practical-guide-to-real-estate-management-software-development

Advertisement

So, Why is a Custom PMS Tool Better than the Pre-Made Solution?

  • It’s tailored to all your needs and preferences, allowing you to automate time-consuming tasks and provide unique solutions; 

  • Custom PMS growth with you, adapting to new needs and business scale; 

  • It requires fewer additional integrations compared to off-shelf solutions, as it was crafted with compatible technology in mind,  fitting your current business scale;

  • It might seem like a bigger investment at first glance. Yet, it pays off in the long run, empowering your business to operate at its full potential and accelerating company growth.

8 Must-Have Property Management Software Features 

8_Must-Have_Property_Management_Software_Features .jpg

Property management software has limitless potential for intruding out-of-the-box features and cutting-edge functionality. Since naming all possible tools and solutions will take too much time, let’s focus on the eight main features most PMS users consider life-changing. 

1. Maintenance Management 

An efficient PMS system should include various maintenance management tools, including:

  • Receiving maintenance requests straight from the tenant, allowing management to address issues promptly; 

  • Assign maintenance tasks to in-house staff or outside vendors; 

  • Edit job requirements by adding notes, updates, or pictures; 

  • Notify tenants and technicians about upcoming maintenance work; 

  • Built-in billing tools to pay outside vendors. 

As most maintenance requests are unexpected issues, such a feature allows landlords and building management to react to accidents and mitigate damage much faster and more efficiently. 

2. Rent Collection and Management 

No PMS solution can be called effective if it doesn’t include a rent collection feature. It’s taking away the headache of constant reminders and frustration with late payments. 

With the rent collection feature, property management can easily monitor and collect tenants’ rent, staying on top of each unit. The functionality might include numerous customized tools. Yet, the most common ones include: 

  • Upcoming rent reminders to all current tenants; 

  • Automatic payment systems;

  • Easy access to rent collection management with a mobile app; 

  • Rent rundown for tenants, featuring additional fees and bills. 

3. Online Leasing

The eLeasing feature is crucial for onboarding new tenants. It enables the marketing of vacant properties and units through online listings and facilitates the easy submission of rental applications. With eLeasing, property managers can: 

Advertisement
  • Receive all the applications online; 

  • Automatically screen profiles to find eligible tenants;

  • Digitally conduct and sign the lease;

  • Store all leasing-related documents and access them at any time.

This feature reduces paperwork, attracts potential tenants, and accelerates the whole leasing cycle. 

4. Accounting Tools

Accounting is a large aspect of property management. Therefore, PMS systems have robust accounting tools designed to help landlords and property managers with the following: 

  • Vendor or technician payments; 

  • Bank account reconciliations; 

  • Account management; 

  • Integrations with various accounting software; 

  • Reporting tools. 

5. Property Marketing 

An efficient PMS system enables landlords or property management to market real estate and available units on various online platforms. With marketing tools, it’s easy to place listings on MLS websites or apps, connect with potential tenants or real estate agents, boost your proposals, monitor activity and engagement, and more. Introducing a property marketing feature allows you to connect with major platforms and manage the success of your listing without using a third party. 

6. Owner Portal

 It’s not an administrative panel for property managers that streamlines minor requests or tasks. The owner portal allows business stakeholders or owners to access all crucial reports, monitor operations, and overall access any data they might need. It enables owners to be in the loop with all business processes, informed about any changes, and organized. 

7. Tennant Portals 

Communication with tenants can be such a headache. By centralizing all communication in the tenant portal instead of emails, messenger apps, or texts, PMS creates efficient and optimized space for managers to stay connected to the tenant network. The tenants portal might include: 

  • Notifications and reminders about rent, upcoming maintenance, or new building rules; 

  • Dashboards with all crucial data, like rent breakdown or lease details; 

  • Easy access to the documents; 

  • Contact the field to leave a request, submit a form, or contact property management; 

  • In-app chat. 

8. Data Analytics 

Property management software provides robust reporting and data analytics tools to help landlords and property owners monitor facility reports and make data-driven decisions. 

Advertisement

Those 8 features are the most significant functionality for property management software that can make or break it. Yet, some businesses and large-scale real estate companies might benefit from additional features like housekeeping or inventory management. 

Benefit From PMS Development Outsourcing Services 

Benefit_From_PMS_Development_Outsourcing_Services .jpg

If you feel that off-the-shelf PMS solutions won’t do your business justice, consider hiring an outsourced development team to create a custom property management system. Outsourcing Proptech development will significantly cut production costs while you will get affordable, customized, and optimized according to your needs property management software.

Whatever direction you choose, either a pre-made PMS or a brand-new custom system, empowering your business with cutting-edge property management software will accelerate your success. Doing business worry-free won’t be a dream anymore!

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address

OTHER

Why Malia Obama Received Major Criticism Over A Secret Facebook Page Dissing Trump

Published

on

Why Malia Obama Received Major Criticism Over A Secret Facebook Page Dissing Trump

Given the divisive nature of both the Obama and Trump administrations, it’s unsurprising that reactions to Malia Obama’s alleged secret Facebook account would be emotional. Many online users were quick to jump to former President Donald Trump’s defense, with one user writing: “Dear Malia: Do you really think that anyone cares whether you and/or your family likes your father’s successor? We’re all trying to forget you and your family.”

Others pointed out the double standard held by those who condemn Trump for hateful rhetoric but praise people like Malia who speak out against her father’s successor in what they believe to be hateful rhetoric. Some users seemed bent on criticizing Malia simply because they don’t like her or her father, proving that the eldest Obama daughter couldn’t win for losing regarding the public’s perception of her or her online presence. 

The secret Facebook situation is not all that dissimilar to critics who went after Malia for her professional name at the 2024 Sundance Film Festival. In this instance, people ironically accused Malia of using her family’s name to get into the competitive festival while also condemning her for opting not to use her surname, going by Malia Ann instead.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

OTHER

Best Practices for Data Center Decommissioning and IT Asset Disposition

Published

on

By

Best Practices for Data Center Decommissioning and IT Asset Disposition

Data center decommissioning is a complicated process that requires careful planning and experienced professionals.

If you’re considering shutting down or moving your data center, here are some best practices to keep in mind:

Decommissioning a Data Center is More than Just Taking Down Physical Equipment

Decommissioning_a_Data_Center_is_More_than_Just_Taking_Down_Physical_Equipment.jpg

Decommissioning a data center is more than just taking down physical equipment. It involves properly disposing of data center assets, including servers and other IT assets that can contain sensitive information. The process also requires a team with the right skills and experience to ensure that all data has been properly wiped from storage media before they’re disposed of.

Data Centers Can be Decommissioned in Phases, Which Allows For More Flexibility

When you begin your data center decommissioning process, it’s important to understand that it’s not an event. Instead, it’s a process that takes place over time and in phases. This flexibility allows you to adapt as circumstances change and make adjustments based on your unique situation. For example:

  • You may start by shutting down parts of the facility (or all) while keeping others running until they are no longer needed or cost-effective to keep running.

  • When you’re ready for full shutdown, there could be some equipment still in use at other locations within the company (such as remote offices). These can be moved back into storage until needed again.

Data Center Decommissioning is Subject to Compliance Guidelines

Data center decommissioning is subject to compliance guidelines. Compliance guidelines may change, but they are always in place to ensure that your organization is following industry standards and best practices.

Advertisement
  • Local, state and federal regulations: You should check local ordinances regarding the disposal of any hazardous materials that were used in your data center (such as lead-based paint), as well as any other applicable laws related to environmental impact or safety issues. If you’re unsure about how these might affect your plans for a decommissioned facility, consult an attorney who specializes in this area of law before proceeding with any activities related to IT asset disposition or building demolition.

  • Industry standards: There are many industry associations dedicated specifically toward helping businesses stay compliant with legal requirements when moving forward with projects such as data center decommissioning.

  • Internal policies & procedures: Make sure everyone on staff understands how important it is not just from a regulatory standpoint but also from an ethical one; nobody wants their name associated with anything inappropriate!

Companies Should Consider Safety and Security During the Decommissioning Process

Data center decommissioning is a complex process that involves several steps. Companies need to consider the risks associated with each step of the process, and they should have a plan in place to mitigate these risks. The first step of data center decommissioning is identifying all assets and determining which ones will be reused or repurposed. At this point, you should also determine how long it will take for each asset to be repurposed or recycled so that you can estimate how much money it will cost for this part of your project (this can be done through an estimate based on previous experience).

The second step involves removing any hazardous materials from electronic equipment before it’s sent off site for recycling; this includes chemicals used in manufacturing processes like lead-free solder paste adhesives used on circuit boards made from tin-based alloys containing up 80% pure tin ingots stamped out into flat sheets called “pucks”. Once these chemicals have been removed from whatever device needs them taken off their surfaces then those devices can safely go through any other necessary processes such as grinding away excess plastic housing material using high pressure water jets until only its bare frame remains intact without any cracks where moisture might collect inside later causing corrosion damage over time due too much moisture exposure.

With Proper Planning and an Effective Team, You’ll Help Protect Your Company’s Future

Data center decommissioning is a complex process that should be handled by a team of experts with extensive experience in the field. With proper planning, you can ensure a smooth transition from your current data center environment to the next one.

The first step toward a successful data center decommissioning project is to create a plan for removing hardware and software assets from the building, as well as documenting how these assets were originally installed in the facility. This will allow you or another team member who may inherit some of these assets later on down the line to easily find out where they need to go when it’s time for them to be moved again (or disposed).

Use Professional Data Center Decommissioning Companies

In order to ensure that you get the most out of your data center decommissioning project, it’s important to use a professional data center decommissioning company. A professional data center decommissioning company has experience with IT asset disposition and can help you avoid mistakes in the process. They also have the tools and expertise needed to efficiently perform all aspects of your project, from pre-planning through finalizing documentation.

Proper Planning Will Help Minimize the Risks of Data Center Decommissioning

Proper_Planning_Will_Help_Minimize_the_Risks_of_Data_Center_Decommissioning.jpg

Proper planning is the key to success when it comes to the data center decommissioning process. It’s important that you don’t wait until the last minute and rush through this process, as it can lead to mistakes and wasted time. Proper planning will help minimize any risks associated with shutting down or moving a data center, keeping your company safe from harm and ensuring that all necessary steps are taken before shutdown takes place.

Advertisement

To Sum Up

The key to a successful ITAD program is planning ahead. The best way to avoid unexpected costs and delays is to plan your ITAD project carefully before you start. The best practices described in this article will help you understand what it takes to decommission an entire data center or other large facility, as well as how to dispose of their assets in an environmentally responsible manner.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

OTHER

Massive Volatility Reported – Google Search Ranking Algorithm Update

Published

on

Google Logo Exploding Cracking

I am seeing some massive volatility being reported today after seeing a spike in chatter within the SEO community on Friday. I have not seen the third-party Google tracking tools show this much volatility in a long time. I will say the tracking tools are way more heated than the chatter I am seeing, so something might be off here.

Again, I saw some initial chatter from within the SEO forums and on this site starting on Friday. I decided not to cover it on Friday because the chatter was not at the levels that would warrant me posting something. Plus, while some of the tools started to show a lift in volatility, most of the tools did not yet.

To be clear, Google has not confirmed any update is officially going on.

Well, that changed today, and the tools are all superheated today.

Google Tracking Tools:

Let’s start with what the tools are showing:

Semrush:

Advertisement

Semrush

SimilarWeb:

Similarweb

Mozcast:

Mozcast

SERPmetrics:

Serpmetrics

Advanced Web Rankings:

Advancedwebranking

Accuranker:

Accuranker

Wincher:

Advertisement

Wincher

Mangools:

Mangools

SERPstat:

Serpstat

Cognitive SEO:

Cognitiveseo

Algoroo:

Algoroo

So most of these tools are incredibly heated, signaling that they are showing massive changes in the search result positions in the past couple of days.

SEO Chatter

Here is some of the chatter from various comments on this site and on WebmasterWorld since Friday:

Advertisement

Speaking of, is anyone seeing some major shuffling going on in the SERPs today? It’s a Friday so of course Google is playing around again.

Something is going on.

Pages are still randomly dropping out of the index for 8-36h at a time. Extremely annoying.

Speaking of, is anyone seeing some major shuffling going on in the SERPs today? It’s a Friday so of course Google is playing around again

In SerpRobot I’m seeing a steady increase in positions in February, for UK desktop and mobile, reaching almost the ranks from the end of Sep 2023. Ahrefs shows a slight increase in overall keywords and ranks.

In the real world, nothing seems to happen.

yep, traffic has nearly come to a stop. But exactly the same situation happened to us last Friday as well.

USA traffic continues to be whacked…starting -70% today.

In my case, US traffic is almost zero (15 % from 80%) and the rest is kind of the same I guess. Traffic has dropped from 4K a day to barely scrapping 1K now. But a lot is just bots since payment-wise, the real traffic seems to be about 400-500. And … that’s how a 90% reduction looks like.

Something is happening now. Google algo is going crazy again. Is anyone else noticing?

Since every Saturday at 12 noon the Google traffic completely disappears until Sunday, everything looks normal to me.

This update looks like a weird one and no, Google has not confirmed any update is going on.

What are you all noticing?

Forum discussion at WebmasterWorld.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

Trending

Follow by Email
RSS