Property management can be a challenge and a chore for most landlords. Collecting rent is nice, but the process of doing so along with managing all of the financials related to rental properties can be complex and time-consuming. A new property app is now making it much easier for landlords to manage their rental properties. The Property App is specifically designed for use by landlords to assist them in managing their rentals on their own.
Full Suite of Features Included with The Property App
Among the features included in the app is the ability to prepare and sent rental invoices to tenants, track related expenses, track rental payments and tenant balances, and even export and share financial data. With this app, landlords gain the ability to keep their rental property businesses more easily organized. Everything is kept up-to-date and can be easily accessed from any location and at any time. Landlords can rest assured that all relevant property management information is always available in their pocket. There is no need to return to the office to check on something or send an invoice. Landlords can handle everything related to managing their properties while they are traveling between properties or even while they are on vacation. As a result, landlords can save a significant amount of time while taking advantage of increase efficiency.
Paid and Free Versions
In addition to a free version, there is also a paid personal Edition version. With the Personal Edition feature, landlords can benefit from a one-time purchase and the inclusion of an unlimited number of properties and rental units. By comparison, the free version of The Property app is limited to only two properties. In addition, the Personal Edition also allows an unlimited number of tenants and rental agreements. With the free version of the app, landlords are limited to one tenant and/or agreement.
Landlords can also export revenue and cost details. Additionally, landlords can also attach multiple property photos as well as photos of rental agreements. Photos can also be transferred to and from a landlord's personal Dropbox folder. The free version only allows the exportation of data for the current month. In addition, landlords can use the app to backup and restore data to and from Dropbox. This can be particularly beneficial if landlords wish to move data between devices to ensure data is not lost if their device should be lost or stolen.
The app also contains a number of other helpful features, such as the option to customize expense categories, customize payment types, and even customize invoice templates. For instance, landlords can opt to send invoices to tenants via messages or email.
The Property App also features a Tenant Initial Balance that helps landlords to account for a tenant's balance when they first begin using the app. For instance, if the tenant currently owes rent, the landlord simply enters a negative initial balance. This ensures that from the moment a landlord begins using The Property App, their tenants' balances are completely accurate and up-to-date.