As property managers, you might face difficulties managing rental properties remotely. You might face issues with communication, tenant’s complaints, repairs, and maintenance. However, with the advancement of technology, remote property management is now possible. You don’t necessarily have to be on-site to manage your rental property. In this article, we’ll guide you on how to manage rental property remotely.
1. Install a Smart Security System
The first step to managing a rental property remotely is to install a smart security system. This way, you can monitor and lock and unlock the doors remotely. You can also receive alerts if someone enters the property unauthorized. Additionally, you can install cameras to monitor activities in and around the property.
2. Utilize Property Management Software
As a remote landlord, you need property management software to manage your property remotely. With software such as AppFolio or Buildium, you can screen tenants, collect rent, schedule maintenance, and handle accounting. Property management software streamlines your process, allowing you to operate your rental property from anywhere.
3. Hire a Local Property Manager
Hiring a local property manager allows you to have someone on the ground to oversee the property’s day-to-day management. The local property manager can handle tenant move-ins and move-outs, property inspections, and maintenance. Hiring a local property manager can save you time and the cost of traveling back and forth to the property.
4. Set Up Automated Rent Collection
Paying rent is a major part of property management. Setting up automated rent collection ensures you receive rent on time, every time. You can use software such as Rent Manager, Rentec Direct, or Avail to set up automated rent collection. Automated rent collection saves you time and reduces the chance of late or missed rent payments.
5. Use Video Conferencing
On occasion, you might need to meet with tenants or contractors remotely. Using video conferencing tools such as Zoom, Google Meet, or Skype can allow you to conduct virtual meetings with tenants and contractors alike. Video conferencing helps you stay connected with tenants and contractors from anywhere in the world.
Remote property management is not without its challenges. However, with the right tools and technology, you can easily manage your rental property from anywhere in the world. With smart security systems, property management software, local property managers, automated rent collection, and video conferencing, you can manage your rental property remotely with ease.