Parking Management Software
Property owners and managers are constantly looking to add value to their property in its amenities: laundry, gyms, vending machines, security, waste disposal, maintenance, etc. Rarely are parking and the problems it poses appear to be areas where value can be added and revenue can be generated. Little do property managers know, parking is their hidden “Diamond in the Rough”.
The issue of time, space, and maintenance all play into the pitfalls of parking. ParkingBadge transforms parking from a hassle to a valued asset. Whether it is laying out parking spaces, setting up registration, or producing predictive reports, ParkingBadge is the one stop shop parking management software for efficient and valued parking.
Not only can parking be a missed revenue opportunity, it can also be an exploited amenity by unwelcome people. The world of illegal parking is only detracting from a property’s value by taking away spaces for paying tenants and guests and by loss of revenue by misused spots. ParkingBadge’s unique parking software features turns this enforcement nightmare into a breeze by requiring online registration and the ability to ban certain cars from parking areas through its cloud database and enforcement.
The cloud based platform is also time efficient; therefore, making it a money saver. The online nature of ParkingBadge gets rid of the need for parking enforcement personnel, permit pick ups, late night staff, etc. No more time consuming disputes over lost permits, parking availability, and monthly fees.
Although it is the main focus of property managers to satisfy their tenants, there is much revenue to be found in the guests that frequent the property. ParkingBadge makes it easy for guests to sign up and register their cars without the hassle of getting a physical guest permit from a management office. ParkingBadge can have guests registered and paid for in under three minutes – saving both management and the guest their valued time. This time efficiency equates to revenue efficiency.
As an example, one of ParkingBadge’s clients saw a $1,500 revenue spike solely from paid guest parking in just one month of minimal fees. The added revenue opens up a world of possibilities for the property. Whether it is refinancing with the bank or updating other amenities, the extra revenue will be no less than rewarding for the property, its management, and its tenants. Refinancing your property is one of the best things you can do for it. Showing the bank increased revenue could allow the property’s interest rate to go down, monthly payments to decrease, or cash out options to be offered. The cash out option leads to better maintenance and updated amenities for tenants. ParkingBadge is the start of a cycle of added value for a property and its owners.
The parking enforcement software of ParkingBadge is only as good as the data and information it provides to its managers and owners. That is why ParkingBadge developed a reporting system to track tenant and guest histories, revenue projections, and parking violations. The consolidated information is used to show trends and provide plans on how to move forward as a business in order to increase revenue and efficiency.
Increased property value and expanded revenue are all great, but at what cost do they come. ParkingBadge ensures assistance from an account manager at no cost to the property management. Not only is it monetarily free, it is of little to no cost time wise. ParkingBadge understands the busyness of property managers, and therefore reduces the time and stress by keeping everything in house.
ParkingBadge is a risk free management asset for any and all property owners with the ability to cancel at any time. Join ParkingBadge in shared revenue to boost your property’s value.
Interested in finding our more about parking software? Visit ParkingBadge to find out more information about their innovative parking software solutions.
