Managing property and housing can feel like walking in quicksand. Setting up invoices, sending receipts, and manually creating financial reports can take a lot of time and energy.
This often leads to burnout, taking your attention away from tracking every last penny. This is where property management software steps in to save the day.
For real estate agents with large portfolios, the challenges are real:
- Market ups and downs
- Ruthless competition
- Juggling time
- Meeting the very high expectations of customers
- Stay on top of finances
What you need is a tool that does the heavy lifting, automating tedious, repetitive work so you can keep an eye on the bigger stuff. In this article, we’ll look at what sets Property Software apart and how it can fit your business like a glove.
Main focus for real estate agents when choosing property management software
When property owners are on the hunt for property management softwarethey are looking for more than just basic functionality. They want a powerful tool that can:
- Track tenant details, manage lease agreements, and send renewal notices without missing a beat
- Make submitting maintenance requests a breeze
- Keep rent collection and expense tracking on time, with no room for error
But that’s not all: good quality real estate software should also include:
Mobile application
In today’s fast-paced world, real estate agents are constantly on the move. Remote working is no longer a luxury, but a necessity. With tenant demands and market dynamics changing in the blink of an eye, staying glued to your desk at the office is simply not an option!
This is why think tanks of successful property management companies incorporate mobile apps into their software. Having immediate access to your real estate portfolio can significantly improve your workflow. This allows you to manage maintenance requests, track rent payments, or update leases even during a coffee break.
Rex Software takes this need to the next level with its multipurpose mobile app. Whether you’re at a facility or between meetings, you can keep your business running smoothly. With Rex Software’s mobile app, you don’t just stay ahead – you’re one step ahead of the game.
Software dedicated to the real estate market
When real estate agents use generic software, they often run into problems because these tools are not designed specifically for the real estate industry.
These one-size-fits-all solutions might be good for other industries except real estate. Because features like property tracking, customer relationship management, and marketing are often missing. This can be confusing and inefficient because agents end up juggling multiple tools just to handle basic tasks.
Additionally, generic software often doesn’t work well on mobile devices, which is a big disadvantage for real estate agents who need to stay in touch with clients. This can lead to lost opportunities and lower productivity.
Unlike these watered-down systems, Rex is designed specifically for real estate. It offers specialized tools for property tracking, customer relationship management, and automated marketing. Additionally, its mobile app allows agents to manage tasks on the go.
AI integration for smarter operations
Industries need AI tools because it’s like having an augmented assistant that keeps you ahead and ready for whatever comes next.
- Smart Listing Text: Automatically create property descriptions by pulling details from existing listings, saving time and ensuring accurate marketing.
- Smart Filters: Simplify property searches by allowing agents to search with simple filters, improving efficiency.
- Intelligent SMS and Email: Helps agents send personalized messages by understanding context, resulting in better customer engagement.
- Data usage: Use CRM data to provide insights that aid in marketing and communications, supporting better decision making.
- Integration and usability: Allows agents to use everyday language for commands, making AI tools more accessible and easy to use.
Established and proven on the market
When choosing property management software, real estate agents should look for tools that are reliable and offer good support. Rex Software stands out for:
Proven track record: Rex Software made its way into the market in 2010 with just $100,000 in capital and just 15 users. After 7 years of brainstorming, Rex came up with unique features that set it apart. After entering the UK market in 2018, Rex now has 38% of users in that region.
Positive reviews: Rex Software has many success stories, such as with Spicerhaart. Five years ago Spicehaart chose us for its sales CRM. Fast forward to today, they rely on us for an end-to-end software solution for sales, rental setups and property management.
AI Integration: Rex Software uses advanced AI features like Smart Ad Text and Smart SMS to automate tasks and improve communication, allowing agents to focus on more important work. It is powered by OpenAI, ensuring high-quality results.
Ongoing support: Rex constantly updates its features based on user feedback. Rex has an online voting platform called UserVoice where you can vote for your favorites and add suggestions.
Comparison of leading property management software solutions
When real estate agents look for property management software, they’re looking for a tool that can streamline their workflow, eliminate hassle, and provide complete peace of mind. Let’s do a quick comparison.
Rex Software
Best for: Real estate professionals looking for advanced AI marketing and CRM integration.
Features: Real estate listing management, CRM, automated email marketing, AI-generated content, task management, mobile app.
Pricing: Scales based on agency size. Customers need to have individual conversations about their industry-specific projects to know the approximate price.
Support: Strong customer support and training. It has online voting services to know customer preferences.
Buildio
Best for: Larger agencies managing multiple properties, especially those needing robust financial management tools.
Features: tenant and lease tracking, online payments, maintenance management, accounting.
Price: Starting from $450 per month, best suited for larger operations.
Support: Extensive support with live chat and knowledge base.
DoorLoop
Best for: Smaller agencies or sole proprietors looking for ease of use at a lower cost.
Features: Tenant tracking, rent collection, maintenance and reporting tools.
Price: Starting at $59 per month, affordable for smaller setups.
Support: Positive customer service feedback.
RentRedi
Best for: Sole proprietors or small property managers who need simple automation tools.
Features: Rent collection, tenant screening, property listings, e-signatures, repair tracking.
Price: Very affordable at $12 per month.
Support: Solid support across various channels.
Conclusion
Good quality property management software should feature AI integration, scalability, and powerful marketing tools. By understanding your customers’ vision, they should create solutions tailored to your industry.
While Rex offers a wide range of business features, real estate agents are advised to explore their options and choose what works best for them.