Technology to help manage investment property

Discussion in 'Property Management' started by cjbroad, 11th Apr, 2022.

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  1. cjbroad

    cjbroad New Member

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    Interested in what others are using to manage their investment property. What are the main benefits and does it allow you to manage the property without a property manager.
     
    cjbroad, 11th Apr, 2022
    #1
  2. skater

    skater Well-Known Member

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    Property manager all the way. IMHO, you are foolish not to unless you know the legislation like the back of your hand, and you are willing to do what needs to be done.
     
    skater, 11th Apr, 2022
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  3. thatbum

    thatbum Well-Known Member

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    ...an excel spreadsheet?

    I'm not sure how technology would replace most of the functions of a property manager?
     
    thatbum, 11th Apr, 2022
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  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Many try to offer new ways but it is not a substitute. The posts on PC from self managed properties should act as warning to the issues that can arise.

    Many of these tools try to confuse that of a lease document and that of property agent services. Its like a horse is part of a horse and cart but the act of using them for logistics makes no sense.
     
    Paul@PAS, 11th Apr, 2022
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  5. Lacrim

    Lacrim Well-Known Member

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    I use a PM.

    Technology employed is a mobile phone ;)
     
    Lacrim, 11th Apr, 2022
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  6. B7B

    B7B Well-Known Member

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    Have a look at Landlord Studio.
     
    B7B, 11th Apr, 2022
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  7. sydney sid

    sydney sid Well-Known Member

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    I like "PropertyMe" which is what my PM set up. It keeps a record of all incomings and outgoings and allows me to see anything pending as well as when the rent has been paid up to. But I couldn't imagine doing without a PM. For me having my PM arrange minor repairs using their tradespeople is a substantial cost saving in itself, let alone the peace of mind, and not knowing the legal and admin side myself.
     
    sydney sid, 12th Apr, 2022
    #7