Earlier, when property management software was implemented, the primary beneficiary of it was the accounting staff. A significant role of this software was to report the operational concerns and as a result of this, the main focus of the software gravitated around management, and only secondary consideration was given to the needs of the staff. Times have changed now, and rental property management software has undergone a paradigm shift. CommodityRentals® is a pioneer, in creating this software. Other aspects of management are also considered, rather than keeping the focus on activities related to accounting. New programs provide an interface, which assists every member who is involved in the property management team, so that critical information about the business can be organized. This also helps, in better execution of responsibilities.

Newer version of property rental software as compared to the old one

The older DOS based programs had many limitations, which made it difficult for property management executives, to execute many functions related to personnel, administration, leasing etc. The new property rental software comes, with unimaginable benefits, to a varied group of staff positions, and hence achievement of organizational objectives is simpler. This increases the productivity, and it can be compared to an electronic filing cabinet. Since the current trend of storing information includes documents, electronic files and minds of the executives, it is very difficult, to find information at the right time and make good use of it. It may take a few hours to retrieve important information, when needed the most and this is very disconcerting for the staff. In an effort to eliminate these problems, a need for well designed rental management software was felt.

The new rental property management software has a centralized database, along with the basics such as charge amounts, fees, and lease dates. All the files are stored electronically, and copies of outgoing correspondence are made. Documents like letters, faxes, maps and floor plans are included as well. The new property management software has a broader application, across various organizations, and much thought has been given, in creating it.

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