Anyone who’s managed a rehab project, knows that it involves a lot of planning and administration to get the best results. It can be hard to store all of the information effectively and to come up with an achievable timeline. Improper planning and scheduling can waste a lot of your time and money and should be avoided at all cost.
To manage our projects we’re currently working with Accurants.com. This software has helped us significantly to streamline the whole rehab process and to document every step along the way.
The benefits of using project management software
You might use a program like Outlook to manage your calendar, Excel to keep track of expenses, QuickBooks to create invoices and probably even more for other tasks. A project management tool makes all of these programs redundant because of its multifunctional use. This saves you time entering all of the information into different programs and you also save money on subscription costs.
Because this type of software makes it easier to schedule planning, you can save a lot of money. A delay in the schedule of your project will require you to pay extra for things like electricity, taxes and mortgage loans. It also keeps you from collecting money from rent or the sale of the house. With an efficient planning you can reduce the total rehab time and minimize your costs.
Accurants is a great project management program. It can help you to manage the project budget, timeline, and contractor times and to keep track of your budget, vendors and contractors expenses.
The software is cloud based so you only need to enter your data once. You will then be able to use it from any computer that’s connected to the internet. This is a very time efficient and insightful way of storing your project data.
The Accurants tool can give you detailed estimates of project costs, help you to create and send orders or run useful reports for you. All these functions enable you to track every activity in the project. You can print out reports to document your administration or use them during staff meetings. Your employees can also make use of your subscription to use the Accurants program.
When it comes time to file taxes, you won’t have to spend long hours behind the computer but you can generate a tax report with great ease. All the necessary information is already entered into the software, so you can let the program do the work for you.
Of all project management tools out there this is our absolute favourite and it’s highly recommendable to anyone who’s managing real estate rehab projects. It offers a solution to all your software needs as a real estate rehab project manager. Accurants offers everything in one complete package which is very easy to get used to.