Property investors

feel the pain

Increasing paperwork piles on the pressure
For many property investors the biggest issue they face is how to keep on top of property management issues while developing their portfolios. With a growing portfolio comes a considerable amount of paperwork that has to be dealt with.

Property management software firm Property Portfolio Software has analysed three years’ worth of feedback from its customers and identified a number of trends to work out the top five issues facing landlords.

Investors say the biggest pain is the sheer amount of paperwork that has to be handled, to ensure rents are received and all bills are paid.

Other issues in the top five include keeping track of legal documentation and effectively managing tenants.

The top five issues identified are:

1. Increasing paperwork: keeping on top of bills and rental income

2. Staying legal: keeping track of safety certificates and legal documents

3. Good tenant management: making sure they get the information they need

4. Income tax management: knowing what is due when

5. Maintaining a positive cashflow: becoming harder with increasing property prices

 esmartmoney
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