Switching to a new accounting software can feel overwhelming, and some folks are feeling it now as they are moving from Propertyware to Buildium. (At the bottom of this article, you’ll find some Migration FAQ’s if you are affected by this specific situation).

If you are considering a switch to a new software, here’s what you should ask yourself:

1. What Key Features Should I Look For?

When evaluating accounting software for property management, it’s essential to consider the features that will benefit your operations. Look for:

• Automated Accounting: Features like automated invoicing, payment processing, and financial reporting can save you time and reduce those pesky errors.
• Integration Capabilities: The ability to connect with other tools you use, such as tenant portals and maintenance management systems, for smooth sailing.
• Robust Reporting Tools: Access to detailed financial reports helps you make informed decisions about your properties and gives you peace of mind.
• User-Friendly Interface: A straightforward interface can minimize training time and boost your team’s efficiency.

2. How Will the Transition Process Work?

Transitioning to a new accounting software can raise concerns about data migration and downtime. Here are some things to consider:

• Data Migration Support: Ensure the new software provides tools or support to help you transfer your existing data smoothly.
• Implementation Timeline: Ask about the expected timeline for implementation and whether there are training resources available to get your team up to speed quickly.
• Potential Downtime: Inquire about the potential for downtime during the switch and how the vendor plans to minimize disruptions to your operations.

3. What Is the Cost Structure?

Understanding the cost structure of new accounting software is essential for budgeting. Consider:

• Initial Setup Fees: Are there any one-time fees for installation or data migration?
• Subscription Costs: What are the monthly or annual fees? Are there tiered pricing options based on the number of properties managed?
• Additional Costs: Are there any extra charges for add-ons or integrations with other tools?

4. What Level of Customer Support Is Available?

Good customer support can make a significant difference in your experience with a new software solution. Ask about:

• Availability of Support: What support channels are available (phone, email, chat)? Are there support hours?
• Training Resources: Does the provider offer training sessions, documentation, or webinars to help your team learn the software?
• Community and Resources: Is there an online community or knowledge base where you can find answers and share experiences with other users?

5. How Will This Software Benefit My Property Management Business?

Consider how the new software aligns with your business goals:

• Efficiency Gains: Will it streamline your accounting processes and save you valuable time?
• Improved Reporting: Can it provide the insights you need to make better financial decisions?
• Scalability: Will it accommodate your future growth as you add more properties or tenants?

6. What Do Other Users Say About the Software?

Gathering insights from other users can provide valuable context. Look for:

• Reviews and Testimonials: Check online reviews or ask the vendor for testimonials from current users.
• Case Studies: Inquire if the vendor has case studies showcasing how their software has helped similar businesses.
• User Groups: Join forums or social media groups where users discuss their experiences with the software.

In sum, the right software should enhance your operations, save you time, and scale with your business.

Now, you’ll also notice that many property managers are using LeadSimple and integrating it with their Property Accounting Software.

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Why Are Property Managers Integrating Property Accounting Software with LeadSimple?

Simply put, to make their operations smoother and faster. This integration helps them keep all their data in one place and improves communication, making it easier to manage leads and operations together.  With LeadSimple, you can:

1. Consolidate Sales, Operations, and Communications

It replaces your standard project management software and spreadsheets through automation and property management specific workflows - it puts your business on autopilot!

2. Track & Close Your Leads Faster

While your accounting software handles numbers, LeadSimple can manage your current clients and owner and tenant leads. The software includes the #1 CRM so you can capture inquiries, follow up in less than 1 minute, and turn those potential tenants into happy residents—something accounting software typically doesn’t do.

2. Simplify Communication

LeadSimple makes it easy to keep everyone in the loop through shared inboxes. Whether it’s your team, tenants, or owners, you can streamline communications in one place, ensuring that messages don’t get lost in the shuffle. Never miss another email!

3. Easy Data Sync

Don’t worry about data chaos. LeadSimple integrates with the top 5 accounting platforms including Rentvine, Buildium, Appfolio, Propertyware and RentManager, so you can sync your data without a hitch.

4. Less Manual Work

You can automate repetitive tasks. Imagine spending less time on follow-ups, meeting, and reports and more time growing your business and delighting your owners!

5. Data and Insights

Want to make profitable decisions? LeadSimple’s Dashboard provides you with insights on your business so you can identify the gaps and close them faster. You can create benchmarks of the KPI’s you should be tracking so you can improve your operations over time.

In sum, while your accounting software takes care of the financial side, LeadSimple is here to help you manage your leads, communicate better, and grow your business—all in one software!

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If you’re curious, book a demo with us and see LeadSimple in action and how it can work for you to help with sales, communications, and operations.

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PS: As promised, here are the Migration FAQs from Propertyware to Buildium, that Propertyware released.

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