Rental Property Management Analytics
In earlier days of rental property management the data from spreadsheets had to be pulled out manually from spreadsheets in order to perform calculations and create graphs. The labor involved in this process was so high that it was almost impossible to get accurate data on the business but the tools of the modern age make it simpler to collect and analyze the data.
Organize your communication with owner and tenant portal
Are you looking for emails in your system? You can’t remember whether you replied to a particular email of tenant or not? If you are struggling like this in your daily communication then you need online tenant and owner portal which can keep track of the communication information. These portals are available to tenants and owners and they can contact you anytime thorough them.
Access your data on the go
Another data tracking which is worth adding to the arsenal is mobile inspection app. With the help of the app one can directly add the information about the property from the site itself. You can even add pictures which allow you add the condition of the property on the go.
Online tenant screening
With the help of online tenant screening you can add the online application forms to your website. This allows your tenants to apply for the property whenever it is convenient for them. This tool is very flexible as it can capture the information about the tenants even when you are not in the office.
Online work orders
With online work order not only you can easily organize and track the maintenance of the property. You can also create estimates and review the invoices. Use this tool to review the data and to set your business for success.
In depth reports
Today the quantity of data is not the revolution but the ability to process such vast amount of data to create reports and insights to grow the business is the real revolution. By using the web based property management system you can create in depth reports about accounting and inspections and can make informed decisions for the business.
Keep track of all the payments, invoices and analyze them to prepare the reports to get the better picture of your business. With SimplifyEm property management software managing multiple properties is very easy. Not only you end up saving the time but you also save money in the whole process which means more profit.
Agreeing to a serious long term relationship is one of the biggest commitments human can ever make. This relationship can either exist with another human or with money in terms of mortgage and finances. Apart from this there also exist a hidden relation with money and marriage and your ability to qualify for the mortgage can be affected by your relationship depending upon whether you are in long term relation, single or married.
When you are single
When you are single you are free and can make your own choices whenever you want. You can decide whether you want to finance the home or not. A mortgage lender won’t hold anything against you for being single but unless your income is high enough that you have reduced all your debts on your own you may not qualify for the approval. You can get a co-signer though.
When you are in committed relationship
To qualify for home loan you don’t have to be married but this requires you to seriously evaluate whether you want to shoulder the responsibility and complexity of this along with your relation. In future it may be harder to split the property especially when you are just living together and are not married.
When you are married
Being married surely makes the process a little simple and easier but it is not the mark of success. Being married increases your debt-to-income ratio but qualifying for the mortgage still depends on all the financial factors such as income, debt, credit score etc.
You can either apply for the mortgage jointly or keep it on the spouse name. This offers flexibility and allows you to explore other options which you can’t by being in other relationship status.
When you are recently widowed
When you are widowed lenders are interested in knowing what your income will look like in future including death benefits. They want to see that these benefits continue for at least three years otherwise they can’t be used as qualified income.
Your relationship definitely plays the role in your mortgage qualifications wither for the good or for the worst.
SimplifyEm’s property management software comes with best rental software programs and online rent payment services which will help you to serve and organize your properties very well. SimplifyEm property management software can fulfill all your needs perfectly whether you are managing single family homes, apartments or condo. Join today!