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Self Managing your properties - software

Discussion in 'Property Management' started by Jessproperty, 22nd Jul, 2015.

  1. Jessproperty

    Jessproperty Well-Known Member

    Joined:
    21st Jul, 2015
    Posts:
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    Location:
    Sydney
    Anyone here use software program's to manage their IP's? I have heard about Property Tree, it can be accessed online from anywhere as it is on Cloud, or there is REST.

    I have found property managers frustrating at times and we have better relationships with our tenants that we self manage. I will be completing my Certificate of Registration soon for property management. I'm happy to do the role and pay myself the 4.5% instead of someone else.

    Any other software that people use?
     
  2. WestOz

    WestOz Well-Known Member

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    WestOz
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  3. fullylucky

    fullylucky Well-Known Member

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    QLD
    You can just make an excel spreadsheet with macros that manages everything.

    I made one, it print receipts as well.

    You simply select:
    1. who it is.
    2. number of weeks they want to pay:
    3. amount received.
    4. click process.
    5. [optional] E-transfer or cash.
    6. [optional] print receipt or not. yes / no

    It knows how much rent is set for that tenant. Calculates amount the rent it should be. works out what change to return to the tenant.

    There's graphs to show monthly income for all the months as well as occupancy percentage for each property and gnatt chart graph showing how often tenants turn over for each property/room and periods vacant (gaps).

    Each tenant/room/property has a "life bar". When a tenant pays for 2 weeks rent; their life bar increases by 14 days.

    [​IMG]

    I also made a point system. if a tenant pays rent on time (within 3 days of rent due) they get 5 points.
     
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  4. smooth excellence

    smooth excellence Well-Known Member

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    Location:
    Logan
    That excel spreadsheet seems amazing!

    Any copy available please?
     
  5. D.T.

    D.T. Adelaide Property Manager Business Member

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    Adelaide, SA
    What do the points do? If I had a tenant pay 3 days late they'd be getting a phone call, text and email.
     
  6. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    Do they get to "cash them in" for a toaster or a weeks free rent?
     
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  7. Phoenix Pete

    Phoenix Pete Member

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    :D:D:D:D:D:D:D:D:D
     
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  8. fullylucky

    fullylucky Well-Known Member

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    QLD
    pts you can make do whatever you like, or do nothing, but it does work. The number of days late is drastically reduced. Compared with other properties managed by other people, they always had to remind the tenants to pay. My tenants proactively notify me and pay on time. Rarely do I remind them.

    I think it's psychological. Think about it from their perspective there is no difference between paying ontime and not paying on time. however if you introduce pts by paying on time i get something more compared to if I pay late. I think alot of companies go this way for example council rates, if you pay early you get a discount etc.
     
  9. fullylucky

    fullylucky Well-Known Member

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    No of course not, that's too much. At the end of the lease or when they move out just advise them it does nothing or give them a pen. You haven't invented a use for the pts as of yet so at this point in time they do nothing.
     
  10. fullylucky

    fullylucky Well-Known Member

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    Location:
    QLD
    Cloud Based can be accessed anywhere anytime, no software install required.

    Property360

    It's free to use for the first 2 months. If you give us feedback and report bugs I'm happy to extend your trial period by giving you additional months / years depending on how useful your feedback is.

    It also includes a free lease calculator inside, which lets you work out when lease end date is and payment schedule for your tenants.
     
  11. Scott No Mates

    Scott No Mates Well-Known Member

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    Location:
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    Theygo towards the purchase of Kmart heaters
     
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