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Most Property Management Software pricing starts at $500.00 and goes up
from there - WAY UP. What you may not realize is that over the years, you will
pay many times the original cost in 'hidden charges' with other real estate
management software. Here are some 'hidden
charges' in Property Management Software to look for:
 | Online Software: There
are a lot of things that are better online. Property Management
Software isn't one of them. That is the reason the Tenant File
is not an online software - it is a 'desktop software'. By the
very nature of the word, that means your sensitive business
information is sitting on 'your' desktop, not somewhere else in
the world.
Here are the top reasons why
you should buy a DESKTOP software for your Property Management
business:
#1 Security - All of the financial
information for your Owners and your Tenants are in YOUR
possession. Can you really trust that there won't be a breech
of security wherever your data is located? Do you know where it
is? At least if it is on your computer you can insure that your
precious data is in your trust, not a stranger's. It is
just too valuable to take a chance!
#2 Down time - Ever think about what happens when power
goes out? Your business is dead. No accounting for Tenants or
Owners. At least when you control the data, you can run on a
generator. But you can't control what happens in India or San
Francisco or wherever your data is located. When the Internet
goes down, your business is at a standstill. Could you accept
that for days or weeks?
#3 Speed - The secret you are not told
about web based software is that is works slower than desktop
software. Sometimes much slower. Every bit of information stored
has to be transferred to what ever state or country your data is
located in, then sent back to you. It is frustrating.
#4 Cost - A 'small' monthly fee sounds
good, huh? Well, add it up. If you are paying the 'minimum' of
$50.00 per month, you are really paying $600 PER YEAR, and you
never even get to own the software! Throw in a another 3 years
and you will have paid $1800.00 for the 'use' of the software,
and the rates will probably go up after you are 'locked' into
the purchase. They say you can cancel at any time, but what
happens to your data?
There are many other reasons
why your business should rely on a stable, tested, desktop
software. You valuable data is the backbone of your business.
Don't take a chance on your business with a web-based software
that has only been in business a few years! |
 | Updates are required purchases to receive support: Some companies
REQUIRE you to purchase all updates to continue support. These updates can
cost into the hundreds of dollars. At Tenant File, our policy is simple - we
will notify you of all major updates, and if you pass on the new added
features, you can purchase another update later on. We will provide
free support for all users with the latest 3 updates. |
 | Missed Updates must be purchased at full cost: If you miss an update and decide
to update your software later on, many companies require you to separately
purchase 'each' update through the current one at full cost. With the Tenant File, all
previous updates are included at a 50% discount. |
 | Expensive update costs: The Tenant File has never had an update
that cost more than $130.00 in it's 14 year history. Compare that with
hundreds or thousands of dollars for others. |
 | Technical Support costs: One of the biggest fees you will pay with
software is the tech support fees. Each time you call with a question, be
ready to pull out your credit card before speaking with someone. Many
companies charge $1,000 plus per year or $100.00 per hour for calls! Phone
is free for 60 days, and email/fax support is free for all users with
any one of the last 3 versions. |
 | Training Costs: Many companies require attendance at costly
seminars. We feel that if extensive 'training' is required, the software is
poorly designed and too difficult to use. Most people need no training for
the Tenant File, however, if you would like a phone training session with a
Tenant File expert, we offer that for a nominal fee. You'll call us at a
designated time and we can even work with your own data that you send us
ahead of time. You'll receive
valuable tips and shortcuts in using the program. |
 | Options: Many programs charge 'extra' for options that should be
part of the software in the first place, such as check writing. We at the
Tenant File have only 3 options, which are items our users may not always
need and shouldn't have to pay for. They are the Work Order Option (creates
Work Orders for your contractors), the 1099 MISC Option (prints on forms for
your Owners and contractors), and the Word Processor (uses the Tenant File
database in a Word Processor with pre-designed letter templates). |
 | Networking Options: Perhaps the most expensive of all, many
Property Management Software companies add on hundreds or thousands of
dollars to use the program in an office network environment. The Tenant File
can be used by multi-users without any additional costs. You can have
simultaneous users on different parts of the program at the same time. |
Save yourself time and money now and in the future. Get
America's Favorite Software - the TENANT File!
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