Elevated Living Blog

Three Steps to Procuring the Right Multifamily Property Management Software

Do you own multifamily properties and want to improve your operation? Are your property management processes in need of an update? Then it’s time to look at today’s property management software. As you may know, there are many solutions that can help your operation improve, but how do you pick the right one for you? With these three steps, you will be able to find the multifamily property management software that will work best for your operation and improve the experience for you and your residents.

1. Think about your needs and wants

No one knows your operation better than you. Only you know what works, what doesn’t and what needs to be redone. Before you start looking at multifamily property management software, look at your operation. Make a list of what you need from your next software. Examples could include automated move-in and move-out processes, integration with your existing rent collection PMS or access to better data for decisions in the future.

After you make a list of needs, make a list of wants. Look at your operation and consider what you wish could be done better. Perhaps your maintenance request workflow needs improvement. Maybe your residents wish they had an app to easily book amenities. Perhaps your labor costs are high and you want access to information to make more efficient schedules.

Once you have a list of needs and wants, then you can start looking at available multifamily property management software to find one that’s right for you.

2. Research features

The next step in finding the right multifamily property management software is looking at the options available. Armed with a list of wants and needs, and a budget, makes this step a lot easier.

Research what property management software is available in your region. If you have properties in multiple states, then make sure any options will work across state lines. Research their features to make sure they meet your needs, and then see what’s available that can match your wants. After you do this, you’ll have a list of potential software companies that can help.

3. Reach out

Now that you’ve found a software that will work for you, it’s time to reach out. Contacting the right multifamily property management software will give you the chance to demo products and talk to people about what makes their system different.

One of the best parts of this stage is learning about things you hadn’t considered. Some of the software available today can radically change your processes for the better with features like automation, apps for residents and consolidated processes that make everything easier. Many others can even offer custom native payment collections to further streamline one of the greatest hurdles any property manager faces.

Your choice for multifamily property management software

Finding the right multifamily property management software can be difficult. That’s why Elevated Living has developed a modern multifamily property management software that can streamline your processes and automate parts of your operation. Contact us today to learn more about how our apps and solutions can improve the experience for you and your residents.