Why Online Property Management Software is a MUST
There are part-time jobs, there are full-time jobs… and then there’s short-term property management. Whether it’s communicating with clients, homeowners and personnel, adjusting price points to keep your listings profitable, or promoting your rentals across multiple channels, you’ve got so many responsibilities that we may need to come up with a whole new category to describe just how demanding your job is. Does fuller-time work?
Fact is, running a successful property management company is an all-hours-of-the-day kind of gig, and that’s why anything that can make your life easier is an absolute must. Online property management software (PMS) is the solution you’ve been waiting for, and one that is giving peace of mind (and a lot more free time) to millions of property managers across the globe.
Here’s Why You Need an Online Property Management Software:
Lots of Channels, One Dashboard
To stay competitive in the growing vacation rental industry, you’ve got to list your residences on a sizeable collection of booking platforms. Naturally, this complicates the management process, forcing you to log into multiple channels in order to keep tabs on all your properties. With an online Property Management Software, you can centralize data from all booking sites so that you can manage all of your listings from a single dashboard.
Lots of Guests, One Inbox
Between responding to initial inquiries, coordinating check-ins, remaining available for contact throughout each guest’s stay and sending post-checkout follow ups, it’s safe to say communication is a huge part of short-term rental management. Using an online property management software’s (PMS) communication platform eliminates the need for you to hop between multiple communication mediums and allows you to contact all of your guests through one unified inbox.
Lots of Bookings, One Calendar
You’ve got a waterfront condo that was reserved through Homeaway and a 19th-floor penthouse booked via Airbnb. With a PMS, no matter where the booking was made, it will pop on on your highly-organized, easy-to-view multi-calendar. With one calendar you can see all of your reservations (past and present), which will help you to prevent double bookings and make note of any empty properties, so you can tweak your prices accordingly.
Lots of Homeowners, One Portal
Of your many, many tasks, updating the people who hired you probably falls pretty high up on your priority list. PMS allows you to grant homeowners access to analytic reports that utilize visual aids to present relevant data, so that you can keep them in the loop without having to pick up the phone or draft long, detailed emails.
One Goal, Lots of Time
As a property manager, your primary goal is to grow your business. This means more homeowners, more guests and more properties. With a good online property management software, you won’t be biting off more than you can chew and you’ll have the time you need to focus on promoting your brand. When shopping for a PMS that’s right for you, remember – not all softwares are created equal. Look for one that offers you as many convenient, time-saving features as possible in addition to the standard management tools. Little bonuses like integrations with other management resources and in-house guest communication will go a long way in launching your property management business toward success.
If you’re interested in learning more about how property management software works and discovering the many ways it can help your business, we happily invite you to join one of our experts for a free demo of Guesty’s platform.