When you talk about software platforms for landlords, you can’t ignore tenants, owners, and property managers. And there are contractors and various technicians such as plumbers and electricians as well. All of them can be kept in the loop by using just one software platform that allows for full customization. Digitization has made all of this and a lot more possible for all critical stakeholders. Let’s understand how landlords in particular (and other stakeholders) and these digital tools are a match made in internet heaven in the following section:
- Feature-Packed And Very Easy To Use
Property management these days is quite similar to what it used to be up until a decade ago. There are similar processes to be followed. Your tenants would still like an in-person property tour depending upon their schedule and availability. But the only difference is that these property tours are now booked and managed via mobile applications and other internet platforms. Not just this, but they come with several other features as well such as accounting tools, bookkeeping formats, online tenant application screening feature, automated emails, regular cold calling to potential tenants, a ticketing system for all your technicians such as repairmen, roofing companies, plumbers, electricians, and many more. All in all, it is safe to say that these platforms are bringing all the stakeholders together in a unified manner.
- Creating A Unique Resident Experience
Do you realize how difficult it was for a potential tenant or an existing resident of a building or an apartment to book a service whether it is a repair or any replacement in their bathroom perhaps? The answer is extremely. First of all, these professionals are very difficult to pin down because of an abundance of demand and limited supply. Second, establishing the quality of their services is another struggle altogether. Third, getting the task completed on time is also a very rare event. But modern-day technology has changed all of this through an enhanced and unified job ticketing system. All you need is one tool for your residents and various technicians. The jobs can be raised by the residents and the same can be allotted to various technicians enrolled in that application. Yes, these apps do the job of connecting people in need of a service with the most appropriate service providers.
- Better Experience For The Landlord And Owner
Let’s just say that you are a landlord but you want to outsource the property management responsibilities for all your assets to a property management company. As an owner of a building, whether it is residential or commercial in nature, you have to be very proactive when choosing the right company. What kind of online tools for landlords, tenants, and other software platforms they use will dictate their efficiency and how well they are able to manage your building/rental property. Remember, your rental property is an asset worth hundreds of thousands of dollars. The tech enablement of the company is what gives you 24/7 access to important information regarding the upkeep of your property, repairs and maintenance tasks, occupancy rate, disbursements, receipts, maintenance expenses, contract renewals, leases, and other critical data that you need throughout the year.
- No More Mistakes With Finances
Software platforms and digital tools have improved finances not only for landlords and property managers but for everyone including tenants, technicians, and every repairman on the payroll. The price for every service is already predetermined. The hours that the professional put in are fed into the system by the technicians. The job is marked as done by the resident the moment the service is successfully delivered. The payment is disbursed to the respective technician digitally almost immediately.
- On-The-Go Virtual Tours Of The Property
One of the many breakthroughs in the real estate industry has been the virtual property tour feature that several applications and web-based AR features allow. These can be carried out without the tenant having to visit the actual site or building in person. It proves to be highly affordable for the landlord because it takes away the need to organize tours frequently. At the same time, it saves potential tenants a lot of time and the cost of fuel that they would otherwise spend commuting.
Technology and landlords are indeed a match made in internet heaven and you can’t deny that. The best part is that the real estate sector has welcomed this digital change with open arms just like any other industry. They have been a little late but better late than never, right?