Rental Property Management today is embracing the digital with much joy. From online rent payments to social media advertising you can see in how many forms rental industry is embracing the power of technology. But, when it comes to tasks related to administration many are still fighting with papers and manual ways of workflow management.
Some property managers for rental property do not want to change out of their stubbornness and other thinks that paperless system is too expensive to implement.
However, in reality paper based process are much expensive and time consuming as well because of various costs involved in them such as:
• Cost of paper
• Cost of rack
• Cost of Printing etc.
There is also large cost associated with the off-site storage such as transporting them to other location and not to mention expense of air-conditioning which is needed to maintain large paper storage facilities.
Increase your ROI using the paperless approach
Not only you end up spending too much on paper based processes but it also leads to operational slowdown. Keeping in mind the tough competition in property management it is high time that property managers for rental properties and companies invest in electronic methods. It makes the process fast and easy. According to latest data on paper based process companies end up spending $54000 per year on paper alone and it does not include the cost of printing. While with electronic methods companies and managers can store the documents online in less than $800. Seems like significant reduction in cost.
Paperless approach is smart storage solution
Going paperless can help managers and companies in various ways such as:
• Boosting productivity
• Reduction in costs
• Storage space can be saved
• Data can be accessed immediately
All modern day business has bulks of data with them and they need more efficient systems to store and manage them and electronic way is there for the rescue.
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.
