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What are the Different Types of Rental Software?

Article Details
  • Written By: Malcolm Tatum
  • Edited By: Bronwyn Harris
  • Last Modified Date: 11 September 2017
  • Copyright Protected:
    2003-2017
    Conjecture Corporation
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Rental software is one of the most helpful tools utilized by renting and leasing businesses today. Software of this type is available for use with real estate management, furniture rentals, auto leasing and short-term rentals, and just about any other type of business where the main focus is to rent or lease goods of some type. Here are some examples of the different types of rental software and how they benefit various industries.

Rental software to aid in the management of real estate holdings is one of the more common forms of this type of software product. Different options are available with the various real estate software packages, making it possible to find something that will work well in just about any situation. In some cases, the products are interactive, allowing the end user to combine the functions of two or more products together to create the ideal software foundation. Within this category, users may choose property management software, apartment software, home leasing software, or rental software to track receipts from tenants as well as the status of current leases or rental contracts.

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Along with property holdings, rental software can also be helpful for any business that rents products to customers on a short term basis. For example, rental scheduling software can allow businesses that rent DVDs, party supplies, or any other item that is to be returned within the span of a few days to know when the items will be available for rental once again. The software can also track what has not been returned on time and make it possible to contact the errant renter quickly and impose any late fees or penalties that may apply.

Vacation rental software is another type of rental software that can be very effective. This software makes it easy to book hotel rooms, arrange for car rentals, and even to reserve the use of convention centers or dining halls for large events such as a family reunion. Even businesses that operate something as simple as boat rentals on the lake or fishing cabins along a river will find that this type of software can make it very easy to keep up with availability of specific units and thus not miss out on revenue generating opportunities.

While it is possible to purchase specific rental software packages, many users look into the possibility of utilizing open source rental software. As with all types of open source software, there is little to no cost involved and the package is likely to work very well for businesses of all sizes. While open source rent software may not feature all the bells and whistles of a costly software package, there is a good chance the product is robust enough to handle most, if not all, of the functions required by small to mid-size rental businesses.

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anon268659
Post 1

Is this free or how much does it cost? I am looking for a home rental management system.

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