In the era of digital empowerment, the ability to manage your property portfolio directly from your phone has become a game-changer for independent property owners. Leveraging cutting-edge technologies, individuals can now take on the role of their own property manager, ensuring efficiency, transparency, and control right at their fingertips.
Here’s how technology is reshaping the landscape, enabling property owners to be hands-on with their investments (while also taking the pain away from the end of year reporting):
Mobile property management apps
Purpose-built mobile apps, like Hammock, ArthurOnline, Landlord Studio, Re-Leased or LandlordVision, empower property owners to oversee their portfolios on the go. From rent collection and maintenance requests to lease management, these apps provide a comprehensive suite of tools accessible from the convenience of a smartphone.
Real-time financial tracking
Mobile accounting apps, such as Xero and Quickbooks, enable property owners to track financial transactions in real time. This includes monitoring rental income, tracking expenses, and staying up to date with overall financial health. The ability to access this information instantly allows for informed decision-making, even when away from a desktop.
Automated rent collection and invoicing
Gone are the days of manual rent collection and invoicing. Technology enables property owners to automate these processes through dedicated mobile apps. This not only saves time but also ensures consistent and reliable revenue streams.
Channel management and advertising
Manually advertising properties on listing sites, such as RightMove and Zoopla, can be time-consuming, but with a purpose-built app this can be done with just a few clicks.
Additionally, self-catering owners and agencies can benefit from using channel management systems, like SuperControl, to manage and update their properties across various channels, such as Booking.com and Airbnb, all-in-one place.
Investment insights and analysis
Track how the valuations of your properties evolve over time and keep them in perspective with real-time LTV calculations. Monitor your key buy-to-let metrics, profit & loss statements by property, rental yields, and occupancy rates to make informed decisions over your portfolio.
By embracing the array of mobile technologies available, property owners can seamlessly manage their portfolios, be responsive to tenant needs, and make informed decisions – all from the palm of their hand. This level of independence and control represents a paradigm shift in property management, offering a new era of efficiency and autonomy for individual property owners.
If you’d like to go digital with your property management, please feel free to reach out to our Property Team or have a chat on 0333 123 7171.
