What is a SaaS PMS?

We hear a lot of questions from our soon to be clients about 'What is a PMS?'. While some larger companies choose to build their own database systems (in property management, known as a PMS), most companies will choose to adopt Software as a Service (SaaS) property management systems, which are more affordable and require no maintenance. SaaS PMS' are cloud-based solutions designed to streamline property management operations without the hassle of development. They offer a range of functionalities that enable property managers to efficiently manage property information & content, act as a booking engine, streamline communication with tenants, and make informed business decisions with data insights.

A few of the highlights of most SaaS PMS features:

1. Property Management: SaaS property management systems provide a centralized platform for managing all aspects of property content, including rates, availability, descriptions, amenities, images and more. A good PMS will also have functionality including operations, rent collection, lease management, and guest communications.

2. Financial Management: These systems provide financial tracking and reporting capabilities, enabling property managers to stay on top of financials such as rental income, taxes, and services. They also facilitate online rent collection, making it easier for guests to make payments, and reducing the time and effort required to manage the rent collection process.

3. Maintenance Management: SaaS property management systems provide tools for tracking and managing maintenance requests, often via seamless integration. Such sync ensures that homes are addressed in a timely manner. They also enable communication with contractors and vendors, reducing the effort required to coordinate maintenance activities.

4. Guest & Homeowner & TA Management: SaaS systems provide a central hub for managing guest information and communications, streamlining the process of managing customer and homeowner email journeys. They also provide portals for homeowners or travel agents to submit booking requests and make payments.

5. Reporting: SaaS property management systems provide a wealth of reporting capabilities, including financial and operational reports, which can be customized to meet the specific needs of the property manager. These reports provide valuable insights into property operations and financials, enabling property managers to make informed business decisions.

6. Accessibility: SaaS property management systems are accessible from anywhere with an internet connection, making it possible for property managers to manage properties from their desktop or mobile device. This flexibility enables property managers to respond quickly to tenant needs and address property issues from anywhere.

7. Integration: SaaS property management systems can be integrated with other software systems, including accounting, marketing, and customer relationship management (CRM) solutions, providing a seamless and unified solution for property management operations.

8. Scalability: SaaS property management systems are designed to be scalable, making it possible for property managers to manage a growing portfolio of properties without increasing the time and effort required to manage the portfolio.

SaaS property management systems provide a comprehensive and flexible solution for property management operations. By streamlining property management processes, facilitating guest communications, and providing valuable insights into property operations, SaaS systems enable property managers to effectively manage properties and make informed business decisions.

RentalWise is a SaaS PMS that ticks all these boxes. Our robust PMS is probably one of the strongest on the market, with integrated booking engine and tons of features and settings allowing users to take advantage of enhanced insights and revenue generation. Our built-in Channel Manager offers free distribution to Airbnb, Booking, VRBO and Google Vacation Rentals. Connect To Rentals United for additional channels.

If you need help getting your vacation rentals started with a PMS and Vacation Rental Platform, RentalWise may be the solution you're looking for with a robust PMS & Channel Manager that seamlessly integrates with many industry leaders for full tech control.