This is why you should be using property inventory software
- Alex McCormick
- Apr 26, 2024
- 2 min read
Inventory software is nothing new but we were surprised to find out that some lettings agencies still aren't taking advantage of the benefits. In this blog we'll go through why you should be using property inventory software in your agency.
Time & cost saving
Let's not beat around the bush on this one, when it comes down to the nitty gritty of it the fundamental reason you should be using property inventory software to compile your reports is for the massive time and cost saving benefits. Good property inventory software will help save time by having these features:
A mobile app
Add photos directly from your phones camera
Predefined reports ready to go
Digital signing and sending
Tenants can make comments directly on a live digital document
From research with our customers we can estimate that an hour of time for the average member of staff in a lettings agency is around £25 (including overheads and expenses). So it's not just the time in the property where you can make massive savings. No more standing around the printer waiting for long documents to print, then packaging them up ready to send. No need to chase up the tenants for signing or lengthy phone calls when the tenant disagrees with a report. All of these things combined add up to hours of time, paper and resources which could be additional profit.

Ensure all key information is recorded and reduce human error
A good piece of property inventory software should have predefined forms for you or your staff to fill out not only does this ensure that all key information is recorded but there is far less room for you or your staff to let items slip through the crack. Lettings Vault is developed by a team industry professionals with over 12 years in the property inventory software game and over those 10 years have implemented every single thing that you may possibly come across into the reports whilst keeping them easy to navigate, rapid to compile and most importantly, almost impossible to get wrong.
Store data online for safe keeping
Another all important reasons to use property inventory software is most of the time the software will be backed up by an online database with a web dashboard you can use to access all of your documents. Good property inventory software will have a property database with all associated documents available at the click of a few buttons.
Looking for some great inventory software? Read our blog '5 advantages of Agent Vault' to find out why the Lettings Vault inventory reporting tool could be a great fit for you.
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