When letting out properties, keeping track of each of them can become difficult as your portfolio starts to develop and grow. For most of us, this isn’t a problem, but if you have started to rent out houses, you may find that at a certain point you are struggling to keep track of certain details. Having an easy to use program is vital to help you keep track of them all individually.

Buying property can be a great investment if you can afford the large payments up front. House prices have risen by over 25% in the last decade, so those fortunate enough to have bought houses during that period have already made a good percentage on their investments. Maybe now is a good time for you to develop your property portfolio and invest in properties?

With first time buyers now struggling to get onto the housing ladder after the sudden cost increases, more and more people are having to resort to renting a property so that they are not tied down to a mortgage. This is great news for those that are in a position to let out properties as it means that people are desperate to rent, therefore letting agents and landlords have the opportunity to increase their prices in the knowledge that people will need to pay as there is competition for each flat or house.

If you are a landlord or letting agent, are you keeping a close enough eye on each of your properties? There are dedicated computer programmes designed specifically for those with a portfolio of properties to help you keep track of them. Have your tenants all paid on time? Have there been any problems with any of them over the last few years? Do you have a property that you are struggling to let out because of the cost of the rent? Knowing the answer to all of these questions can help you not only make the most income on each property but also ensure that all rent is collected on time. It can also help you to keep your property maintained to a high standard by having records of any faults, detailing when they were reported and if or when the problem was resolved.

Property portfolio packages are simple to use and have everything centralised, so there is no need to have separate financial and admin packages. This can not only help you to save time when organising your clients, but it can also help you to save money by only needing the one package.

Kirsty White makes use of property portfolio software.