Gone are the days when realtors used to maintain physical records of the
properties that they had leased, rented, or sold. The increased prevalence of
property management software
has streamlined the entire process for both property managers and their
clients. However, the current software is outdated and incompatible with the
new, cloud-based, internet-connected environment. 2022 could be the year that
introduces us to some of the best and cutting-edge features that could reshape
the entire experience of tenant management.
Here are five latest PMS integrations you can add to your business to manage
all aspects of renting, leasing, or selling a property, including payment
processing, repairs, maintenance, occupancy, etc.
1. Channel Manager
Channel management software provides a central dashboard and allows property
managers to publish and update their vacant properties across multiple
channels. With this unified view, they can continuously manage and scale their
business. The channel manager takes away the time-consuming, manual task of
promoting a given listing. It does not rely on a single website; instead, it
allows exposure to millions of people across multiple platforms. Further, a
channel manager avoids the risk of double bookings. For example, if a property
gets booked through Airbnb, the exact dates will be blocked on Proptiger and
Housing.com as well.
2. Rent Payment Automation
Property management systems like Rentec Direct streamline
the rent collection process for all the parties involved. Landlords can save
resources and time with the help of automated payments. Even tenants are free
from writing out 12 checks per year. Paying rent online also keeps the
paperwork to the minimum. Online rent payment systems follow a simple setup
process that can be rolled out to the tenants in no time.
3. Book a Virtual Tour
Simple property images don’t cut it in 2022 anymore. They are not life-like
and fail to give insights into room dimensions, apartment plans, and furniture
arrangements. Property managers can promote their properties via a creative
virtual tour of the interiors. Real estate virtual tour software like
Matterport.com captures leads by allowing potential tenants to view a space
online before visiting in person. This makes the market go global and more
accessible to different client groups like tech-savvy millennials.
4. Document Management
With the influx of contracts, appraisals, loan agreements, rental and tenant
information, property management firms sorely felt the need
for document management in 2021. High human dependency on documents entails
the risk of mistakes and file duplications. The usual bundles of paper cause
delays in document processing, misplaced invoices, lack of version control,
and difficulty in retrieving valuable information. The pandemic also brought
in demand for fewer live person-to-person meetings concerning paperwork. Real
estate document management software like Document Logistix acts as a central
repository for all digital property records and brings relief with document
creation, editing, approval, signing, and storage. You can sort your documents
within a few clicks by client name, author, location, date of sale, or
whatever other custom field you decide to utilize.
5. Maintenance Ticket Automation
Property owners can now stay ahead of maintenance and repair issues with
maintenance automation software like Propertyware. This software provides a
central dashboard of repairs, requests, estimates, conversations, and photos
in real-time. The landlords get a notification when tenants raise maintenance
and repair requests.
Although all the above-mentioned challenges can also be addressed by using
several different tools, TheHouseMonk is a one-stop solution for all your
problems.This unique platform caters to all five pain points mentioned above and
is also integrated with over 50 products that make the Property manager’s job
Irrespective of whether you are a small rental business or a giant in
the real estate industry, you can leverage the same technology that a property
management system uses to provide an elevated
If the thought excites you, reach out to
The House Monk
for these unique integrations to make the entire
experience of property management hassle-free for you.