Does Your Landlord Software Give You The Right Reminders?

By Author: Property Portfolio Software
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Being a landlord is not as easy as it once was. Roll back a few years and it was easy as buying a property, finding a tenant and then letting it out. There were very few obligations that a landlord had to comply with.

Now, in these challenging times there are many additional roles and responsibilities for landlords and that is why more and more are turning to landlord software to help them get better organised.

A key requirement for any landlord software is to have the ability to remind landlords about when their various policies, certificates and documents are about to expire.

Therefore, any property software package that you choose should have the ability to remind you of the following:

Mortgage and Loan Reminders:
The property boom over the past few years has been fuelled by the easy availability of credit. Therefore, if you have managed to obtain the finance for your property at a competitive rate then you need to know when this competitive rate will be expiring, so that you can start to look for alternative finance sooner rather than later.

With this in mind, any good property ...
... management software solution should remind you about when your fixed/discounted or tracker rate mortgage deals will be expiring.

Safety Certificate Reminders:
In the UK there is a legal requirement to have gas safety certificates and also energy performance certificates. Your chosen software package should have the flexibility to allow you to enter any kind of certificate, and then to be reminded before it expires.

Insurance Policies:
As a minimum you must have your property covered for buildings insurance. In fact, if you have a mortgage on the property then your lender will insist on this cover. On top of this you may also have contents insurance and other kinds of insurance policies, such as heating, drains, electrical insurance etc.

The last thing you want is to forget to renew such an important insurance policy, so it is essential that your software allows you to set up each and every insurance policy you have.

Tenancy Reminders:
You will certainly want to be reminded about when your tenancies are going to expire, so that you can start discussions about extending the tenancy. Also, you will want to be reminded if you have any rent reviews so you can set the rent accordingly.

As you can see, the modern-day landlord has an ever increasing number of roles and responsibilities and, therefore, it is essential that your property management software solution has a flexible reminder system that will help you stay on top of all your property matters.