A laptop and phone with Facebook on screen - Benefits of Technology For Property Management Company - Park Avenue PM Blog post

When you’re looking for a professional management company to effectively lease and manage your home in Orange County, make sure you work with a company that values and invests in technology. The online and digital platforms specific to the property management industry have come a long way in the last five or 10 years. If your property manager still uses a paper ledger and writes out your rent check by hand every month, it could be costing you money.

These are some of the benefits to working with a tech-driven property management company.

Less Vacancy and Better Tenants

Technology is especially beneficial during the leasing process. To market your home effectively, a property manager can share your listing on dozens or even hundreds of rental sites thanks to property management software. We can track the results of your listing, including how many people view it, contact us, schedule a showing, and fill out an application. Vacancies are filled faster and we’re able to screen more carefully. By running credit and eviction reports online, we can have all the data we need in hours rather than days. It leads to a lower vacancy expense and a better quality of tenant.

Technology can also help us document the condition of your home before a tenant moves in. Photos, videos, and notes are loaded into your file and can be easily accessed when the tenant moves out and it’s time to do a move-out inspection.

Managing Routine Rental Repairs

Tenants can report routine maintenance issues online. This is a major advantage because it creates a written record of all the work that’s been done on your rental home. You’ll know exactly when your roof was replaced, your plumbing was updated, and your gutters were cleaned out. You’ll know that your appliances are breaking down every few months and may need to be replaced. Seeing a maintenance history like this can save you money on unnecessary repairs or help you make better decisions about when to replace something rather than repair it again. It also works to keep your tenants happy; they’d much rather request maintenance online at their own convenience.

Accounting and Rent Payments

Online rental payments help us to collect rent on-time. Tenants find it secure and convenient to log on at any time of the day or night and pay the rent from the comfort of their own home. They can schedule payments in advance and even set up recurring payments every month. This allows us to pay you earlier and in the month and to provide a detailed and accurate statement of income and expenses associated with your property. Money moves must easier and you won’t have to wait around for paper checks. Our technology also allows us to automate all of our accounting, providing the type of transparency you need when you’re staying organized or filing taxes.

Technology helps a property manager communicate better and work more efficiently. When you’re looking for a property management company in Orange County, Florida, make sure you’re looking for one that knows how to use technology to better manage your investment. Contact us at Park Avenue Property Management, and we’d be happy to tell you more.