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Real estate software: It's the solution to so many of your problems. From working more efficiently, to growing your business and eventually wealth through better data-driven decisions.
If you have ever typed in "real estate software" in google, you will be all to familiar with being overwhelmed with a search result of 585,000,000 million. Staring at the number, unsure where to start looking.
Here at Kitt we know that the only thing worse than not using any software at all is sinking valuable time and money into a platform that just doesn’t work for you.
We’re here to help you pick the right software to take your real estate business to the next level. Whether that’s our software or not (although we have to say, we have some pretty happy customers!).
Step 1- Research the Company
You may feel that researching a company may not seem as important as to researching the software itself. However, it's important to know exactly who you're doing business with. Owning rental properties is a business and your core values should reflect the business core values and how its run. Ask yourself, does this company align with you goals and your values? Do you feel confident that they will provide you with the support you need, both now and the future?
Step 3- Identify your core needs
Identifying your core needs means asking questions such as what are the biggest pain points that the software needs to resolve. This may include efficiency (i.e. no more spreadsheets), being able to work effectively on the go (does it provide a mobile app). Does it have to have a top-notch streamlined accounting and maintenance request capabilities including access for your tenants.
Be sure to keep your top priorities and pain points at the forefront of your mind as you narrow down the list of contenders.You have to decide which solution matters the most to you addressing pain-points.
Step 4- Compare the features
Begin with eliminating any options that does not provide you with the features you need. It should look something like this.
Who knows? It might actually include some features mentioned above to help solve and meet your needs?
Step 5- Get recommendations from your peers
Ask other property investors or even property managers to see which real estate software they use. But don't stop there! Ask about how problematic it was for them to learn how to use the software, how the company's customer service has been when they had issues, and finally what feedback or response they got from tenants and other people involved in the property business including accountants. Get a real sense of the impact that the real estate software has had on their business. Was it a nightmare or a dream come true.
Step 6- Sign up for free trials and start using it
Just give it a try. What better way is there to find out if a real estate software meets your needs by trying it out for free! You can play around with it to see if you like it; and to see if it solves your current pain points of investing in a property. Most companies offer a online demo or a virtual tour of the software through a video with a month of free usage of the software. Kitt beta allows 3 months free trial.
These options are great ways to get a sense of what the product offerings are including its full capabilities and ease of use.
With changes coming into the housing industry, for landlords and property investors, staying compliant means keeping up-to-date faster with new laws, your finances and your books!
Kitt utilises unused financial/accounting data often hauled up in legacy systems like spreadsheets, to make portfolio management and growth simple and straightforward.
No more stacks of paper, spreadsheets or complicated accounting software!