Tech and AutomationProptech Trends: Automation tools, including property management software, dynamic pricing algorithms, and remote monitoring, can help streamline operations, especially for mid-term rental properties with frequent tenant turnover.Digital Marketing: A strong online presence and effective digital marketing strategies can boost visibility and help you attract mid-term renters.

Have your systems and processes in place to have the business become increasingly more autonomous (cleaning, pricing, property management software, automation, etc).

I personally think these sheets are better than what I’ve seen on commercial software primarily because I built them from an investor’s perspective based on our priorities.

We use software that tells us risk levels of potential applicants to avoid these type of issues.

Great news for the local investors, bad news for the California absent landlords (our software catches/filters by property location and borrower primary residence, there might for example be a lender in California that lends nationwide but requires the borrower to live in their 3-county footprint, and every other configuration of that you can imagine).

Another potential question to ask would be if they use a comprehensive property management software and if they stay up to date with technology.

Most PM software allows multiple owners and once set up, automatically splits everything.We once managed a property with ELEVEN owners!

Whether it’s through customer databases, CRM platforms, property management software, or digital marketing efforts, real estate companies routinely gather personal and financial data for sales, leasing, and property management.

Project Management Software: Implement software like Asana, Trello, or Procore for managing multiple construction or renovation projects simultaneously.

I personally use property management software to keep everything organized and it has saved me a ton of time​.Following these steps will set you up for a successful room rental experience.