If you are starting to get into the area of owning a few properties it can become a really time consuming chore to keep up with all of the things you need to track with each one. In this day and age of computer literacy, diaries and log books have been replaced with super functional property management or landlord software that can really help you to cut down the time spent on organisational tasks. Not to mention the fact that it can also make sure you don't miss any important dates that could land you in hot water.
For example Landlords Property Manager allows you to keep an eye on things such as Rates, Rents and Insurances on each of your properties no matter how extensive your portfolio. This means that anything you are liable to pay on your properties can be recorded and tracked in this section of the property management software. So if you pay ground rent on any of your properties then you pop it in here and you can see at a glance what has been paid and when.
If you happen to liable for any of the rates on the property such as water or council taxes then this software has a very practical section for dealing with this. Entry of the details for each property will stop you missing any vital dates and better still provide you with an accurate record of what you had to pay out and when for when tax time rolls around.
Granted often the tenant is responsible for these things but in these hard financial times we have to face the fact that we sometimes may not have a tenant.
This landlord software also has a great little feature that allows you to flag certain properties where you may have included the rates you are paying in the rent you are charging so it is likely to be an ongoing thing. The reason this is so important is because rates paid this way are excluded from the 10 percent wear and tear calculation. The flag lets you see instantly any of your properties that fall into this category.
Clearly we are in the same business you are and have designed this landlord software originally to help ourselves based on some of the things we have learnt through experience.
Our customers really do think that our property software solutions do make a landlord's life easier.