A Glimpse into the Property Management World
Managing properties can be time-consuming work. Be it one or a dozen, there is an endless stream of repetitive activities that happen in property management, so property managers tend to lose trail of what is happening to their properties.
Property management responsibilities includes finding tenants, creating documents, doing background verification on them, property inspection and follow ups, organizing property maintenance and repairs, logging rent receivables, property management accounting for the tax period and so on…All of these tasks add up, but what if property managers’ time could be spent on tasks that really add value for the owners/business?
Though property management and real estate is an industry of generalists – we cannot expect the team to deliver their 100% all the time. On an average a property management expert can be good at couple of tasks, moderate at few others and an under performer at the rest, ultimately resulting in increased human-error. Now, let technology take care of the most tedious and repetitive property management function whilst your team can concentrate on what they are actually good at. Intelligent automation has changed the way how property management firms’ functions.