Whether it’s an agreement for a new tenancy, or a notice concerning a rent increase, renewal or updated terms and conditions, any documents related to the tenancy agreement are very important items for a landlord.  A good tenancy agreement is one of the most important factors in ensuring that your interests and property assets are protected in a landlord – tenant relationship. It also ensures a smoother relationship, since there are lesser chances of misunderstandings or misinterpretations from either party.   (more…)

There is little doubt that the technology that surrounds us today is helping us to make decisions more quickly, with more accuracy. Technology helps in the gathering of data, and also in its interpretation. There are software applications for virtually every business you can name, and choices are numerous.   (more…)

A landlord often has the unenviable task of having to collect money that is owed to him; money that, for some reason or other, just doesn’t seem to be coming in.

This is an extremely frustrating task for you, not to mention stressful. And since you deal with people everyday, you don’t want to take a hard-line approach and offend hassle-free tenants who pay their rent on time.

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As a landlord, you operate as any other business owner would, and you face the same challenges.

In fact, in some ways the rental business is more complicated because of the way the cash flow works. Monthly cash inflow (the rent) and outflows (taxes, other expenditures) are all happening at different times. In such a scenario, calculating whether your property is making you a profit is not a simple back-of-the-envelope calculation.

And the task becomes even more complicated when you manage multiple properties.

Most importantly, it becomes time consuming.

On the other hand, this information can help you make crucial investment decisions, with the confidence that you’ve got all your numbers in place.

What’s the answer?

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One of the questions I used to dread answering when purchasing a new property or re-financing an existing one was “what other mortgage and loans do you have?” This is such a time consuming question as it normally involves having to sift through lots of mortgage related paperwork for each property to give them the details that they need.
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Version 7.35 of both Landlord’s Property Manager Professional and Regular is now available.

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On the very rare occasion we get asked whether our software works over the internet, we answer ‘No’ and then go on to explain why our property management software solutions are desktop-based and not on-line solutions.

The fact is that when we put the question to our customers, over 90% said they wanted to continue with a desktop solution and here are the top three reasons why: (more…)

Directors may incur expenses when on the company’s business. Most travelling expenses involve the cost of running a car.

It used to be a good tax planning idea to have the company own a car and allow the director to use it for both business and private purposes, as the rules for taxing directors on their private use of a company car were very generous.
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A huge issue for professional landlords as they grow their portfolio is staying organised. I believe that an essential step for serious landlords is to invest in property management software.

The problem is that many landlords fail to ask the right questions before purchasing their software.

Becoming a serious investor brings new problems you won’t have experienced before. The answers are provided by clever software. The next challenge is to pick the right solution. Property Portfolio Software’s products are specifically designed to handle the major challenges faced by landlords.

Landlords should ask the following 7 questions:

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We sometimes (very rarely now) get asked the question ‘why don’t you have a trial download of your property management software solutions available?‘

A very good question.

The fact of the matter is that for almost a whole year we allowed our Property Portfolio Software website visitors to download a fully functional 30 day trial version of both our property management software solutions.

Although we were getting a healthy number of download requests, we found that almost 90% of those that requested a download never actually bothered to trial the software. We found this out after running an expensive telemarketing campaign.

In other words, they were not really motivated enough to actually take some time out to test drive our property management software solutions.

Of those who did trial the software, we found that most went on to purchase the software.

We also found that most of our sales came from people who never even bothered trialling the software!

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