The online mode of working has grown exponentially during the lockdown. Research shows that the average business owner can save up to $11000 annually for having employees work from home half the time. Such data means huge savings for companies and an increase in online workers.
Impact of Covid-19 on Real Estate
As a result, fewer workers have to invest in property closer to tier workplaces. They can easily avoid high-rent zones and choose to live in more affordable places. If full-time remote work were possible, they'd consider moving permanently to less costly areas. Such a condition means a drastic decline in the real estate industry.
If you want your business to not only survive but also thrive post-Covid, real estate management software is the way to go. Studies show that over 69% of all interviewed real estate businesses say that the pandemic has changed their business models. So if you haven't done it already, you ought to get on the schedule quickly.
Why Should You Get MRI Software?
MRI Software is an industry leader in this field of real estate management. The software comes with innovative new features targeting rejuvenating real estate businesses after the lockdown.
Not many can match the extensive services offered in crucial suits like MRI Living and MRI@Work, and MRI Financial. Launched on April 28, 2020, these enhancements are designed to help residential and commercial properties face the new challenges brought by the pandemic. The emphasis of these tools is on digital services that cover various areas crucial to real estate businesses. These include modifications to rent payments and the CRM system to enhance the quality of all tenant-landlord interactions.
The main features of these:
Provision for Late Rent Payment
The lockdown has been difficult for everybody; it has affected every business and workplace out there. In such situations, your tenants may be facing financial difficulties. Such a situation puts you in a difficult spot. But as a property owner, it is essential to look at the big picture.
Extending rent payments for a single month could mean higher tenant retention in the long run. Besides this, the satisfied customer may also recommend your service to others. Since a huge chunk of real estate onboarding comes from referrals, this could be a boon in disguise.
Benefits
MRI software lets you capitalize on such opportunities by offering new modifications to their MRI Living and MRI @Work suites. These enhancements allow you to facilitate clients' requests both for residential and commercial properties.
The new updates allow you to let tenants pay the amount in batches. Since many of these payments cover several dates, the new MRI Living and MRI @Work enable you to manage this accounting smoothly and seamlessly. A whole-sum cost at a later date is also possible via this software.
Client Satisfaction
Not only will your clients feel heard but installing such a system is sure to benefit you in the long run. The changing real estate landscape calls for new technology, and such forms of payments may be the norm in a few years if things don't change.
MRI lets you get ahead of trends and help manage potential crises and turn them into publicity gains.
Call Routing Displaying Proper Callback Information
Chances are you haven't seen your office desk since the lockdown implementation. Many companies have deferred from resuming in-office work until things settle more. A work-from-home situation means you save a lot of time on the travel, but it also has several disadvantages.
A central one is this- you do not have access to the proper tools. For example, you may have to follow potential leads, which means making calls. But since you are stuck at home, the caller information the client receives will be your one, not the company's details.
A situation like this can cause a hindrance in client-business connectivity later on. But MRI's new Outbound Call Routing feature is here to solve this issue. This tool in MRI's Callmax Automated Communications suite lets you call tenants and leads using the company's official callback details. So, when you hit call from your number, this technology display's the company's business number on the recipient's side.
Besides this, it also keeps track of the calls and stores them for use in the future.
Updated Resident Connect
In real estate, the idea of an 'emergency' usually pertains to a limited number of scenarios. Businesses dispatch staff only when the situations match their definition of an emergency. Such service often causes contention between landlords and tenants.
However, with the pandemic still, not over, things are different. The definitions of what constitutes an emergency have changed, and tenants need a reflects system. MRI's new Resident Connect comes equipped with a feature that lets them set a bar on what situation would require immediate maintenance deployment.
The portal, in turn, also lets you get crucial information regarding the functioning of internal units. Such data will come in handy in situations like CAM reconciliation which calls for a review of maintenance requests.
More Insight into Market Metrics
With the slowing down of the general economy during the lockdown, your business can do with a bit of direction. MRI always was highly accurate in market statistics, but it has upped its game with its new Analytix suite.
The upgrade features two interactive dashboards that give you access to essential market data and graphs that help you forecast better. With this technology, you get more detailed and concise information on general rent practices and rates.
With the Assetsoft team, you will find it easy to calculate the value of assets and occupancy metrics, and easily integrate the system within your business. Assetsoft is one of the top consulting firms specializing in MRI integration and we can help get your business started. Want to know more? Contact us today!
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