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Step 1
Verify that your software correlates with the type of property you manage or own. Some software is specially designed to manage single family homes, multi-family units, apartment complexes or other rental properties.
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Step 2
Calculate rental cash flow. Know what cash is coming in from your property and when.
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Step 3
Determine your property's profitability. Determine what your current property is worth and what it will be worth in the future. Use the functions to do projections. Some software allows you to determine how well your property will do financially by using current figures. It's not uncommon for software to help determine what your property's financial status will be in 20 years.
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Step 4
Record maintenance issues. Organize maintenance requests, record-keeping and analysis using the software. Know which areas of your property need the most attention and why using the software.
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Step 5
Keep track of tenants. Landlord software can help you remember which tenants with whom you've spoken or have appointments. Set up personal tenant accounts and use the software to catalog your correspondence. Send emails through the landlord software if the function exists.
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Step 6
Take advantage of any advertising tools included in the software to attract more tenants. While some landlord software is designed to help you keep track of your current property and tenants, others may help you rent your property.
