Insights and best practices for property managers

Top Trends in Property Management for 2023

Some property management trends tend to come and go in cycles, so we thought it would be good to cover the top property management trends for 2023. First of all, here are the main ones that most clients are interested in. In case you’re wondering their popularity (as well as different forms they can take), let’s delve into them further:

- App control systems: Using a property manager control system is proven to aid the management of your property. While this could mean anything, obviously you’re looking for something easy to use as well as something that can help your colleagues manage their tasks and schedule in an efficient manner. The best part is they don’t have to be super expensive either, so they can be affordable for all parties involved. That’s why we recommend an app control system for property management software.

- Online services: These take many forms, but the one thing you’re looking for is online booking processes and online payment processing systems. In addition to this, you want to consider the possibility of allowing your tenants to rent online rather than having them come over to your office. This can save both time and money for all parties involved.

- Expense tracking: This is a property management trend that’s featured in the best property management software available. Although this could mean anything, you’re looking for a system that can track expenses as well as help you understand where your money is being spent on a daily and monthly basis. This can help give you precise information regarding where your income goes each month, which can be good for both the employer or landlord and the tenants who live in the property.

- Online portfolios: This helps you showcase vacancies, allow viewings to be done remotely and reduce the number of times that tenants will need to come over to see the property. This is a less time consuming process and can save you money in the long run.

We’ll keep an eye out for new trends and provide another update later in the year.

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