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Your data stays on your computer and you retain all non-cloud dependent functionality in the software. Park Sidekick touts itself as a complete software solution for managing your mobile home park. In the software, you can program automatic billing and keep track of metered utilities. Appfolio can help you by providing quality reporting.
So, again, software won't run your business, yet, it will very much aid you in running your business. And that's why it's so very important that you select the right software package. Because there's no substitute for good software.
What Type of Buyer Are You?
But, typically, QuickBooks is kind of your introductory spot. Looking to really wow your visitors? Stop wasting time with paper work orders. Instead, use your smartphone or iPad to track asset inventory, condition, maintenance history, labor hours, and more. Deliver services more efficiently, and keep your park beautiful year-round with regular inspections and preventative maintenance.
There is a wide variety of mobile home park software that will help you, your team, and tenants. From payments to tenant and management communication, there’s definitely software that can meet your needs. One only needs to know where to look. Long gone are the days where you could go down and get a bank loan with a bunch of financials that are written in pencil and cursive, like many moms and pops did. Today, you've got to have sophisticated books.
Smart Parks: A 7-Step Guide to Park Asset Management
It is one of the most popular software setups for managing finances, including employee payroll. Notably, Quickbooks will help you manage the finance side of your mobile home park business and make it easy to share information with your accountant. Now, will software manage your business? You still have to have a great park manager.
Will it be just you, or will you have your managers involved? Or will you have others involved somewhere between you and the managers? So which is the easiest for them to handle?
Payments
If that's tracking all of the bill backs you're doing, and all the comparison of bill backs now, and how much you've spent and how much it was a year ago, again, that's huge. All of your budget actual difference. The only one that software can't manage for you is property condition. However, as we mentioned on last week's podcast, you get around that with HD videos.
Which is the one that has the most efficient cost perspective based on the number of users? So, again, I'm just giving you very broad brush analysis of what we all use. Well, the sad truth is, you can't do that.
Episode 52: Using Software To Better Manage Your Property Transcript
Number one, before you enter into any software, you really need to analyze them all, because they're all a little bit different. And you may just find some to be more user friendly for the way you operate than others. There was on out there that some park owners used that seems to me very antiquated, called Park Sidekick. Now Park Sidekick is a one time cost of $525, all the way up to about $3150, so ... Again, these prices may have changed. But Park Sidekick, if you look at the product, it looks old.
So, think about that also when you're looking at your software packages. You need something that can provide statements that not only blow you away, but will also blow away your banker. Because you cannot every scrimp on accounting. When I bought my first park, the very first thing I knew I had to do, cause I am not good at accounting, was I had to get a really strong, competent bookkeeper. And step two, you've gotta have the correct software. That is a very, very important tool for any park owner to do the job effectively.
Make sure you make the right decision. Make sure you're thinking through everyone else who's going to use it. I will tell you some other broad brush things though about software.
Through its interface, tenants can easily be set up for recurring rent payments or one-time payments. Cozy will stay in communication with your tenants on your behalf. Many mobile home park managers will find that one of these recommendations will suffice for their park needs.
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Now, there's a lot of other software packages out there. I'm only gonna talk about three others. But there's a lot of new things, and there's new things coming out all the time. There's a lot of different things. But there's three are the main ones that most mobile home park owners are using. In addition to the above points, Appfolio will help you stay connected with everyone involved in the day to day life of your mobile home park.
Appfolio
It will help you assess properties and employee performance, allowing you to make informed decisions. It can also help you provide potential tenants with a convenient online leasing process. Among its various features, you’ll find that it works for accounting and electronic payments. Additionally, mobile and online editions of the software are available for users. If you’re an entrepreneur, you’re always looking for ways to streamline your business.
No, I think they're all pretty similar on cost. Keep your park in top shape with regular inspections, preventative maintenance, and streamlined workflows. And when the unexpected occurs—whether that’s a storm or an event—trust that you have the tools in place to take care of everything.
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