What can Property Management Software do for you?
Managing properties doesn’t come easy, whether you are a landlord, letting agent or management agent it is likely that you face similar problems.
- Working cost-effectively
- Providing a high-quality service
- Managing time
- Attracting new clients
- Monitoring finances
Improving each one of these areas without adding to the wage bill or big investments might sound impossible but it can be a reality with property management software.
There are many packages out there with solutions that cater for:
- Letting Agents
- Management Agents
- Block Managers
- Estate Managers
- Asset and Facility Management
- Residential Portfolios
- Commercial Portfolios
- Student Accommodation Providers
- Plus many more…
Nobody likes change but if we never progressed then we would be sitting by candle light and writing with chalk. Learning a new system can be a chore, implementing one might seem daunting but with the right guidance, support and some enthusiasm on your part it won’t be that bad and the rewards will make it worthwhile.
What can property management software bring to your business?
It depends on your set-up, requirements and expectations but it is highly likely that there is a solution out there to suit your needs.
When used to its full potential it is highly likely that you will be able to work more organised, allowing more time to provide a better service which will then help you to grow your business.
Where to start?
Whether you work in a small team or a large organisation it is highly unlikely that you will be able to please everybody, by creating a project team you will have a group of employees wanting it to be a positive for the whole business.
Taking on a new software package is like any project and it is important to build a team who can manage and see it through. It is equally important that that team has a leader with authority who can make decisions and has the final say.
What is your goal?
Every business has its weaknesses, aspects that can be improved and challenges they face. Once these are defined it is then easy to understand what needs fixing, if the software is suitable and what you want out of it.
It is important to set goals before you go ahead so that you can be clear with the software provider, and you don’t have unrealistic expectations of how it can help you.
Who will be affected?
This will depend on how big your company is but it is likely that it will have implications on most, if not every member of staff, either directly (those using the software) and indirectly (everybody else). Change isn’t avoidable but it is important that those who might be resistant to working in a new system are shone the benefits so that their attitude is positive. Negativity can spread quickly, highlighting the goals that you hope to achieve from the software will help to eradicate this and ensure you are up-and-running as quickly as possible.
How long will the implementation take?
It can vary depending on the system you chose, your requirements, how much time you set aside to work on it and the migration of the data you already have. It isn’t as simple as downloading a file and go, if it was then it wouldn’t be a very powerful system.
Once you and the software provider have discussed your set-up and the goals you hope to achieve from a new system then they will have a clear understanding of the work involved and how long this can take.
Is the timing right?
The housing market is a seasonal game, although there are certain factors, mostly political (including the forthcoming EU Referendum) that can affect this, generally it is easy to predict the busy times and quiet times for your business.
For most residential landlords and letting agents the holiday periods (summer and Christmas) are generally quiet. Student housing providers find June and September particularly busy as their tenants move in and out during those months.
Niche industries work in their own seasons so it is important that when you do look to implement a new system that it is the right time for you.
Once you have decided on the best solution for your set-up you will then need to set time aside for the installation, migration of your data then training your staff to use the system.
It might seem inconvenient at first but once it is up-and-running it will be more than worth the wait.
Is Decorus for Sage the right solution for you?
The property management software market has never been so saturated. This is due to a number of factors. The Software as a Service/cloud-based solutions have made it easier to develop and market but the property industry has changed too. With new management set-ups and more complicated ways of working there are now solutions developed to cater for specific portfolios.
Decorus for Sage, developed with over 20 years’ experience in property management software comes in 3 editions, landlord, letting agent and property management (block/estate).
These are suitable for:
Additional modules make the software suitable for managing:
What sets Decorus apart from the increasingly growing crowd is its integration with Sage, the number 1 accountancy software in the UK. This 2-way link sees financial data entered in Decorus feed to Sage automatically, and vice-versa without the additional workload. This reduces time, improves efficiency and saves on accountancy fees too. Users will also be able to generate financial reports effortlessly, using real-time data to make monitoring cash-flow more efficient.
Decorus is a desktop-based solution however it can be hosted in the cloud for convenience.
Want to see it in action? Book a demonstration of the only property management software for Sage.