Lots of businesses are looking to upgrade on their current or implement a new property management program for day-to-day and strategic operation supervision. However, seeking out the best option, purely from the information available on paper, can be challenging. To help you out in picking out the very best option, we have prepared a guide that contains six important questions you should get an answer to, before you decide on the newest software.
Can you migrate data and what’s that like?
Property reporting revolves around data and proper data management. If you’re transitioning from one service to another, you have to understand data migration and how that’s going to work. That includes moving over from information stored in MS Excel or other, basic office apps. If there is a module or feature for smoother data transition – that’s a great addition to have, otherwise, find out how you should carry it out.
Can you test this property management program and what’s the interface like?
You definitely do not want to commit to a purchase or license a software which has an inconvenient or hard-to-get-your-head-around interface. There are a lot of tools which are based on platforms like Microsoft Dynamics, meaning that they’ll have a familiar feel, making it much easier to transition. Besides, make sure to see a live demo or test out a demo version for yourself. Your staff specialists will be able to look at property analytics and other features to see what’s what!
Does it add convenience not only for you, but also for your tenants?
Well, of course the property management program is going to make your job easier in one way or another. But, instead of only focusing on the benefits on your own end, try and find whether your tenants and clients can gain anything from the implementation. Features like a dedicated self-service portal from program for management of properties are welcome additions.
Is it tailored to your specific needs?
For example, if you manage industrial properties, does it have the modules and features, that calculate operational costs, can generate reports and monitor inventory space, if necessary, for example. Having such features helps keep track of GMP and other, profitable as well as eco-friendly or other practices that improve the reputation of your brand.
Do you have options for customization?
Sometimes the base or general layout might be off or you might lack a specific module or feature to be productive. If the software offers functionality with customization – go for it!
Is the software adapted to your local market?
Now, even though a lot of business all over the world is concluded in English, that shouldn’t force you to limit your operation to rely only on English software solutions. There are a lot of options out there, perfectly translated to different languages from all over the globe.