It’s that time of year again, it happens every twelve months yet it always comes as a surprise. It’s busy yet quiet but there’s always time for a glass mulled wine and another social gathering.
December is a strange month for landlords. It’s rare that you will be inundated with potential tenants knocking on your door for a roof over their head during the festive season but that doesn’t mean that you can sit back and relax with a box of chocolates, winter is notorious for (urgent) maintenance requests.
Christmas is an excuse to over-indulge. Booze-filled parties and mince pies are hard to avoid. It is essential that you manage your time between socialising and fulfilling your duties to your tenants.
If time management is not a skill you have been gifted with then it might be worth adding it to your list for Santa. When you can master the way you use your time then you can provide a better service for your tenants without interrupting your present-buying, turkey-cooking schedule.
Using your time as efficiently as possible is the key to success.
How do you do it?
Working in an organised, structured environment brings clarity to working days. Landlord Manager for Sage caters for portfolios of all shapes and sizes, developed to help landlords work more efficiently.
It isn’t easy avoiding temptation when Christmas and New Years’ Eve is around the corner but when you use a solution created to improve the way you work with time-saving features you won’t be finishing off your to-do list at 9pm on Christmas Eve.
The role of a landlord varies depending on what your tenants expect, the properties you own (residential or commercial) and the number of properties you have but it is the first bit you should concentrate on, your tenants.
If you have ever had to survive a winter with a faulty boiler you will understand why tenant/landlord relations can turn frosty. Landlord Manager for Sage comes fully equipped with the tools required to complete your landlord duties whilst its unique integration with Sage will put your finances in a format recognised by over 90% of accountants without any extra work required (saving time and money). Let’s face it, nobody enjoys data entry, it is the number one killer for productivity. If you want to get the best out of your workforce or keep yourself motivated then eliminating the amount of data entry required will help.
You probably find December an expensive month too, I don’t want to break any hearts but Santa doesn’t exist and somebody needs to pay for those presents under the Christmas tree. The benefits of having your property management software integrate with the number one accountancy solution is expansive. The best bit is, because data is fed through in real-time it is easy to see which properties are working out financially well and which aren’t by generating profit and loss reports. The last thing you want is to discover one of your properties is working out at a loss and you won’t be able to afford to buy Aunty Valery a box of Roses this year.
Tightening your wallet might help but what about the unexpected costs that creep up on you, the maintenance jobs which need to be budgeted for, Sage can help. It’s typical that as soon as the cold weather kicks in the boiler packs in and you have a tenant ringing up wanting it fixed before they get hypothermia.
Finding a plumber (or any tradesman) is tough enough, finding one who is reliable, trustworthy and affordable is almost impossible but if you do you will want to keep their contact details safe and you can do in the supplier centre. Why waste time scrolling through Google or flicking through the Yellow Pages when you can log their details in a database.
If you’ve been a landlord for a while then you are probably aware that not everybody completes their jobs when they say they will. With property management software you can easily track work orders without spending your time constantly chasing up. Automated functions work with the CRM and office diary make it easy to create alerts and follow the progress of each job without having to remember to do so. The tenancy timeline logs every communication you have with your tenants throughout the duration of the tenancy in one screen so that you have a date against each request to avoid any potential conflict.
If your New Year’s Resolution is to maximise your earnings from your portfolio in 2016 then you are going to love the applicant centre. With demand outweighing supply of housing there is no excuse to have empty properties. By logging the details of potential tenants it is quick to match their requirements with suitable properties which will mean that you won’t need to waste time and money advertising for new tenants.
When a property management software solution has the ability to save time finding tenants, give you an easy way to keep them happy throughout their tenancy and continually maintain your properties to ensure that it will bring revenue in the coming years it would be a worthwhile investment not just for the next twelve months but for the years ahead.
Now, it’s time to get the mince pies out again…
Merry Christmas and a Happy New Year from everybody at Visionbase Software Ltd!
Article Courtesy of: Landlord Manager, Book an online demonstration of the only property management software to integrate with Sage and see how you can benefit in 2016 and beyond.