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Is Lease Management Software What You Need?

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Are you a lease manager? Managing lease properties might seem daunting at times, but it doesn't have to. For a lease manager, it is essential to manage property data such as lease renewals and expiry dates. As managing multiple stakeholders and complex records are key priorities for lease managers, to make your job easier, lease management software can be extremely useful as they are specifically designed for organising rental properties and finanancial accounts.

Lease management software handles multiple property management aspects like buying, leasing, renting and selling of properties and are jam packed with features to improve efficiency on the job. The team at Bricks + Agent have put together some of the most important features that help to streamline the leasing process.

1. Review performance regularly 

Tracking performance regularly is important. Lease management software tracks with accuracy and speed on a daily, weekly and monthly basis. In lease management property managers need to keep all data accurate, safe and secure. Lease management software can do this fast and effectively.

You may be required to have face to face face with clients at anytime. It's unrealistic to carry all your documents along every time. Utilising lease management software can help streamline these types of tasks. It doesn’t matter where you are; lease software gives you access to view all the information briefly in real time via cloud-based mobile technology.

 

2. Easy customisation 

Customising and tracking data with lease management software is an easy task. When inputting data the software enquires about all the required information. It saves information in full by arranging categorising using related fields. Once the data is collected and successfully saved, you can customise the data according to your businesses requirements. This feature helps you to review the data at times of need fast and efficiently.

 

3. Property mapping with advanced reports

It is easy to manage a few properties manually, but if you are handling a many properties it can be difficult to stay in control of them all manually. Lease management software works efficiently to run large operations with minimal effort. Built in mapping features help you to identify all of your properties that are available and provides details of where they are located. 

Obtaining industry data about current market value has also become easy with the software tool. You can start generating reports about the household incomes, have complete details of your past and present tenants and even access any pending lease payments and future leases that are near an expiration period.

 

4. Data protection 

Data protection is very crucial in lease management. Using the best software keeps you worry-free regarding the safety of data as lease management software keeps your information secure with SSL encryption. It prevents data from being accessed by unauthorised persons. For security reasons data software also takes a regular backup.

In the digital age, some people still use a paper-based system for their lease agreements. This makes the task more difficult and time-consuming. There are chances that your confidential information might get leaked.

Having lease management software is vital as it is the best solution that will meet your business requirements. Excel in your field and reduce financial risks with better decision making. Analyse your data anytime anywhere from the software that stores data and keeps it ready to be accessed electronically.

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Topics: Property Management Advice

Jon Stul

Written by Jon Stul

Having spent over 12 years in the real estate industry covering all facets from residential through to commercial, established and off plan properties and sub-divisions, he has an in depth knowledge of the industry. Stepping out of the industry four years ago and moving interstate to expand a frozen yoghurt chain that has gone from 1 to 4 stores in the time he has been involved. This was recently sold to Made Group. Real estate has always been in his blood and it was a natural fit to start Bricks + Agent given the amount of insight he has into the industry as a whole. Having seen how all different forms of traditional marketing was used to the direction that it is now heading today, we think we have come up with a truly unique proposition that fits into the current state of the property maintenance market.