Your Apartment Property Management System Health Check

Property management system check

Times are a-changin’ in the rental housing market. Growing market demand pushes occupancy to the limit, making a property look good at first glance.—but a deeper look into the property may reveal a different story.

Checking your Property Management System Health

Good property health goes beyond maintaining high occupancy, low overhead and consistent rent collection. The performance of an apartment community’s operations segment is critical to the bottom-line success of a portfolio—and that includes streamlining back-office functionalities, budgeting, spend management, document management and more.

So, how well is your property management system meeting the demands of today’s rental market? An all-encompassing property management system can provide more functionality and productivity for your staff with:

Property management system

  1. Flexible Budgeting – Not all multifamily verticals are the same. Find a budgeting tool nimble enough to adapt to each one.
  2. Smart Spend Management – Be wary of eccentric spending that can take a bite out of your bottom line.
  3. Responsive Maintenance – Accidents happen. And so do damages. Look for a tool that helps keep the properties in your portfolio in peak condition.
  4. Document Management – Establish a seamless workflow to significantly reduce paper costs and protect resident PII.
  5. Payments – Look to cut transaction costs for the property with a payments system that provides online and in-office options.
  6. Comprehensive Reporting and Analytics – The health of your business depends on the strength and structure of your analytics and reporting tools.
  7. Safe and Secure SaaS – The safety of your SaaS infrastructure is everything. Find a system that monitors and secures your system around the clock.

Properties that rely on different point solutions for day-to-day and long-term management could be losing money and underperforming in the market. Is your property management software meeting your needs? Download this eBook to get details on how to better assess the health of your property management system today.



Lea Lashley

Marketing Communications Strategist, RealPage
Contributing Editor, Property Management Insider

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Lea Lashley is a Contributing Editor for PropertyManagementInsider.com. She focuses on marketing and social media strategies at RealPage, Inc. She has spent nearly 15 years in marketing and communications, and was recently an adjunct professor at the master’s level in social and digital media marketing at the Southern Methodist University Cox School of Business. Lea received her education at the University of North Texas where she majored in English Literature.
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