As a rental property owner, you know how challenging property management can be. There's so much to do, and that's before we even get into the paperwork. But it doesn't have to be a full-time job. With technology, you can make short work of all those difficult tasks that take up so much of your time. This article takes a closer look at some of the tech options available for landlords that make property management easier and more profitable.

Go Digital with Paper Records

While you might think paper records are necessary for rental property management, there’s no need to keep files and folders anymore. Nowadays, Cloudwards notes that you can digitize and store all your important documents like leases and contracts using online storage services. This will save time and money while making it easier to access key documents whenever they’re needed.

Tap into Smart Security

Security is always an important factor when managing rental properties, but it’s not always easy to keep up with who’s accessing what areas of the property or when certain doors are opened or closed. Installing a smart security system will give you peace of mind knowing that any unusual activity will be detected immediately. Plus, many systems offer remote monitoring capabilities so you can keep an eye on your rental property even when you’re away from home.

Property Management Platforms

Matellio explains that property management platforms provide rental property owners with a convenient and efficient way to streamline their rental property management activities. These platforms enable rental property owners to streamline tasks such as tenant screening, rent collection, maintenance tracking, and communication with tenants. Additionally, these platforms help to reduce paperwork by providing a central location for documents and records related to the rental housing business.

By utilizing these services, landlords save time and money by automating processes that are usually labor-intensive. Moreover, these platforms can be accessed anywhere in the world at any time of day, allowing landlords to manage their properties no matter where they are located.

Spread the Word

 Like most professions, property managers can benefit from marketing. Don’t just list available properties on social media platforms, though. It’s also a good idea to print up flyers that list the properties, their amenities, rent, and your contact info. You can share these with prospective renters or even give them to existing renters in case they could use the contact info – or see if they’d like to move to a larger property if one becomes available. If you aren’t sure how to make flyers, use this flyer template.

Apps for Scheduling Maintenance

Scheduling maintenance appointments can be quite tricky since it requires coordinating between multiple parties such as contractors and tenants. Fortunately, there are now apps specifically designed for this purpose that help streamline the process by sending reminders about upcoming appointments and tracking progress throughout the job until completion.

Electronic Rental Payments

Collecting rent payments manually can be a hassle; fortunately, automated payment systems make it easier. These services allow tenants to pay their rent automatically each month via direct debit or credit card, which saves time and eliminates any potential issues with late payments or bounced checks. You can also set up recurring reminders for late payments so that tenants don't forget about them.

Online LLC Formation Services

Finally, if your rental business has grown significantly, then forming an LLC may be beneficial for tax purposes as well as asset protection from legal liabilities associated with owning multiple rental properties. There are now online LLC formation services that make setting up an LLC quick and easy without having to go through all the paperwork traditionally required by state governments.

Owning rental properties is definitely not an easy task, but with technology on your side, it doesn't have to feel like managing a full-time job either. There are several different tools available today – including productivity apps and the ability to capture e-signatures – that help simplify all aspects of landlord property management while making it more profitable in the long run. By taking advantage of these technologies, landlords everywhere can benefit from increased efficiency, reduced costs, and improved tenant satisfaction!