How Parking Management Software Can Help With a Multi-Family Mortgage Refinance
Did you know that parking software can actually be considered as a type of financial asset when either applying for a multi-family investment property mortgage or refinancing an existing multi-family property mortgage. How? Depending on the type of parking software and the parking application the parking software will be used for will contribute to how valuable of an asset the parking software actually is during the mortgage or mortgage refinance process.
Guest Permit Parking Management Software-
Oftentimes a multi-family property simply wants to know for the most part, what vehicles are supposed to be in their parking lots. Guest permit parking software helps with these types of issues as guests have to register their vehicle before entering the parking area. As such, a multi-family property owner is able to keep “tabs” on which vehicles are allowed to park and which vehicles are not. Guest permit parking software can also contribute to better security around the property and parking areas.
Paid Parking Permit Management Software-
When speaking in terms of paid parking management software, there are many different parking applications that it can be used for ranging from multiple types of residential applications to commercial and institutional parking applications. Along with all of the added benefits from a guest parking permit management software, paid parking permit management software adds the monetary and financial benefits of parking management. As the parking software system now generates additional revenue for a property, it could potentially be considered as an added value asset that could assist a multi-family property owner that is seeking a multi-family mortgage refinance approval.
Complete Parking Management and Parking Enforcement Software-
Taking parking software a step further, there are also other services that can be integrated for additional functionality. One of the most common parking software service integrations is parking enforcement management. This is the ugly side of parking management, where violations, blocking access, ticketing, and towing vehicles is common practice. Unfortunately, parking enforcement is necessary, and in some cases, unfortunately excessive and opportunistic.
Yet for many parking management applications, strict parking enforcement is necessary for reducing risk and insurance liabilities by means of reducing traffic, accidents, unwanted guests, free parkers, broken down vehicles, overnight parkers, etc. all the while to simply maintain safety and security. In some cases, parking enforcement is a software system all by itself. Fortunately several innovative parking management software companies provide direct integrations with parking enforcement software or it is offered either directly by the parking software company or as an add-on service. ParkingBadge supplies parking software that offers a complete parking management system solution- parking management and parking enforcement software.
Interested in finding out more information about ParkingBadge’s innovative parking management and parking enforcement software? Please visit- https://parkingbadge.com/platform/
