Defining Property Management and Its Software

Have you ever heard of property management?  How about property management computer software?  These are just some of the jargons applied when it comes to true estate business enterprise.

Property management means managing different forms of properties such as commercial, industrial and residential that involves two important players in the enterprise.  These are the landlords and the tenants.  The landlords monitor their tenants, collect rent from them and help address their client's concerns.  The tenants are those that rent a vacant space in the property.  This method has been going for several years now without any substantial changes except now with dawn of property management software.

Firstly, the software program on property management assists in monitoring tenants' payment history thru an online payment history feature which tenants can access making use of their personal account on the community web-site located on the internet.  This specific function makes it possible for them to view their previous payments as nicely as the current status of the present month.  As an added feature for landlords, they can send e mail notifications to their tenants reminding them of their past dues as well as a payment that wants to be created for the present month.