Advantages of Parking Property Management Software
Managing any type of property has its fair share of challenges. For some, hiring and maintaining quality staff is a reoccurring issue. For others, communication between management and tenants proves to be complicated. And for almost all, generating revenue is the biggest challenge. Thankfully, various property management software is available to help clear these challenges. And to take it even one step further, ParqEx offers parking property management software that also manages to eliminate all these challenges.
Property owners & property managers: are you looking for software that will benefit your management team and tenants? Then, check out the advantages of parking property management software!
What is parking property management software?
Like property management software, parking property management software helps property owners manage accounting and financials. Standard features of parking management software include tenant onboarding, parking rent collection, access management, and guest & visitor management.
No matter the size of your property, parking property management software will help you save time and earn additional income by providing essential management services for your property. So read on to learn more about the advantages of parking property management software!
Advantages for property management
Accurate tenant information is a vital aspect of property management. ParqEx’s internal tenant management system and the various ParqEx property technologies help ease all headaches property management faces daily! Some advantages of parking property management software include:
Tenant Onboarding
With ParqEx’s Access Control systems, tenant onboarding is much more accessible. After collecting new tenant information, both move-in and move-out dates are set automatically in the system. With that information, ParqEx’s technology knows exactly when to allow that specific tenant & their verified vehicle on the property and when to no longer admit access at the end of their lease.
Manage parking pricing
Almost every property has a surplus in parking spots. With parking property management software, those extra spots can be listed on ParqEx’s Marketplace platform and made available to external transient renters. Through this management system, property owners can manage pricing for tenants and the public. Do you want to offer variable parking rates, discounts, or promotions? ParqEx’s parking management software allows all of these options.
Manage parking rent collection
There is no right or wrong way to manage parking rent collection and scheduling; it differs at each property. Property management can collect rent through any system; it does not have to be through ParqEx. For example, rent can be collected directly from tenants, some HOA’s collect it through HOA dues, and some apartment managers prefer using software like AppFolio or Yardi to collect rent. ParqEx will still manage all tenant information regardless of the preferred method and keep track of payment and scheduling.
Access management
ParqEx’s Access + and Access + Premium LPR (license plate recognition) facilitate property access management. This technology simplifies move-in with automatic access to each new tenant. In the same breath, move-out is more secure as ParqEx’s tech automatically revokes access from the tenants whose lease is ending. Do you need to grant temporary access for package delivery, various vendors, and some real estate agents? ParqEx provides seamless temporary access to all verified companies and individuals.
Guest / Visitor management
Does your property provide guest parking? Come gain insight into all the guests and visitors accessing your property. Then, if you charge for these visitor parking spots, you can run reports and statements to see how much revenue these specific guest parking spots generate.Â
Improve security
With internal tenant management working in tandem with other ParqEx technologies, the overall security of your property is strengthened. For example, does your property have a surface lot without a gate? ParqEx’s Enforcer app working alongside internal tenant management, will help ensure only verified tenants and guests are parking on the property. Does your property have a gate arm or a garage door? ParqEx’s Access Control & LPR technology will amp your security by granting access to only authorized users and guests. So no matter the scenario, improving security is one of the most significant advantages of parking property management software.
Tags & Permit management
Does your property struggle with tags and permit management? ParqEx’s internal tenant management system generates printable tags that can be placed on vehicle dashboards. If you want to go paperless, electronic tags and permits can be issued through ParqEx. Save time & money with ParqEx.
Financial / Bookkeeping / Accounting reports
ParqEx’s internal tenant management system will generate several out-of-the-box reports to keep track of all activity on your property. So, easily access your property’s financial statements, enforcement history, access logs, occupancy reports, and more with ParqEx!
Mobile (iOS & Android) & Web
We understand that we live on the fly nowadays. That being said, ParqEx’s platform is accessible on both the web and all mobile devices. Download our apps today!
Advantages for tenants
Frequently, tenants wish to have more control over their parking. Unfortunately, it is always a headache for tenants to switch payment methods, vehicle information, or even manage guest parking. ParqEx’s internal tenant management system solves these issues when working alongside ParqEx tech. Some advantages for tenants of parking property management software include:
Tenant self-management
Instead of property management having to manage each tenant account individually, ParqEx’s tenant management system allows tenants to self-manage their profiles. That way, tenants can receive all management communication via email, text, or push notifications. Moreover, tenants can keep their vehicle information up to date to avoid any potential tow situation.
Payment management
Similarly, ParqEx’s tenant management system allows each tenant to manage their payment info instead of management having to micromanage each tenant’s payment information. Tenants can make sure their payment information is up to date, receive payment reminders, set up an automatic payment, and receive notifications when payments go through or fail.
Reserve guest parking
Finally, with ParqEx’s GuestParq technology and internal tenant management system, tenants can reserve visitor parking for their guests through our app!
Access control for all access points
ParqEx’s Access Control technology does not stop at the gate arm or garage doors. Our access control system can control every entry and exit point on the property. So if a tenant needs to open a pedestrian door, their ParqEx Access + app can do that! If they need to access the elevator, the Access + app will do that!
Sure, managing property has challenges, but software solutions are available to help! You do not have to do all of it on your own. Common grievances like hiring & maintaining staff, communication between management and tenants, and generating revenue can be simplified if not entirely solved by property management software.Â
Take ParqEx’s parking property management software, for example! First, hiring and maintaining staff is much easier as our software solution eliminates a lot of time-wasting headaches. Second, ParqEx’s platform solves communication between management and tenant. And third, ParqEx’s tech allows management to add a line of income to the property through unused parking spaces and guest parking.
Clearly, there are several advantages of parking property management software. So quit putting off simplifying your parking management. Instead, book a demo with ParqEx today & we will work up a property-specific solution just for you.
