Assetsoft - Blog #US

5 Robots You Can Use In Property Management Right Now

Sat, 13 Nov 2021 12:06:36 -0500

Robots have taken on a different meaning when it comes to business processes. They refer to specific algorithms that use artificial intelligence and machine learning to automate repetitive tasks. Such robots can enter data into spreadsheets, manage paperwork of an organization, or create invoices on your behalf.

As a result, the demand for automation by robots is surging day by day. Known as robotic process automation, it has grown into a $1.89 billion market. According to Gartner, the growth rate will be substantial even post-COVID, as businesses look to save time and costs. Interestingly, real estate has its share of robots to improve operational efficiency and boost productivity. In fact, many property managers are incorporating robots into their workflows for better outcomes.

Here are the top 5 robots you can use for your property management right away.

1. Robotic Real Estate Agent from Zenplace

Property tours cost property managers a lot of time. You have to be present on the spot for each potential customer and dedicate slots to show around. Things can turn complex and even go out of hand if you give tours to twenty customers across the town in a day. Now Zenplace has come up with a solution for the problem. They have developed a robot with a tablet that can hover around your rental space and give a thorough tour.

The tablet shows a live agent who takes on customer queries and provides insights. Property managers can use one robot for each location and an app to sign up customers for tours. However, the only drawback is the robot cannot climb stairs yet!

2. Gabbi: AI Assistant for Tedious Tasks

Big real estate management companies have a team of representatives for serving customers. They also pay employees who book showings, answer customer queries and provide the correct information. Naturally, the firms waste countless hours that can be spent turning leads into customers.

Gabbi, a virtual assistant, can come to the rescue in such situations. It is an AI-assisted real estate agent that can respond to customers, book showings, and even nurture your leads.

Best of all, Gabbi can act like a chatbot and provide complex and accurate information. You don’t need to employ a person to attend to tasks. Therefore, you can entertain your clients 24/7 and engage buyers and tenants without any break. According to Gartner, 72% of organizations will use robotic process automation techniques in the coming two years.

3. Manage Tenants with UiPath

Tenant management is another time-consuming process filled with manual tasks. From filing new applications to approving them, a lot of workflows lie in between.

Thankfully, robots can come in handy and help you manage your tenants like a pro. You can rely on platforms like  UiPath  that offers a range of robots for business process automation. Best of all, you can make the robots learn new things and acquire fresh skills. As a result, you can out them to work for most operations in real estate and property management.

When it comes to tenants, your robots can:

Deliver tenant applications
Follow-up on tenants
Run credit checks on your clients
Conduct background and criminal checks

Approve or reject applications

Property managers need to set the rules for the robots to work automatically. Based on your needs, it is also possible to use both attended and fully unattended robots for your processes. The results can be excellent, as 78% of RPA adopters want to invest more in robots in the future.

4. HomePrezzeo: The Robot Content Creator

A top responsibility of property managers is to keep tenants and potential customers updated. They have to share market insights, prices, and more to attract and engage customers. Additionally, they have to create content for emails, social media, and websites.

The task can get complex for a person without experience in content creation. However, that doesn’t mean they have to lose out on clients. Enter  HomePrezzeo, the robotic content creator for real estate agencies. With its help, you can create videos and appealing content to send to your audience. The robot takes information and market data supplied by you and automatically creates spectacular content and infographics.

Additionally, the process is really simple, and all you have to do is:

Select a template for your report or video
Choose your location and suburb

Provide recent sales data

Best of all, you can also use the robot for creating property listing videos.

5. RiTa the Real Estate Assistant

Humans are not designed for repetitive tasks. They need breaks, make mistakes, and often mess up the outcome of intricate tasks. However, a robot is free from such drawbacks and can work round the clock. RiTa is such an AI-powered assistant that become a property manager’s best friend.

What can RiTa do for property management firms?

Generates leads by connecting to CRMs
Communicate with clients via SMS, chat, emails, and more
Analyze and clean up data
Scale customer interactions with personalized communications

Analyze and segment your database
Provide daily activity reports
Generate valuable analytics

Take Advantage of Real Estate Robots with Assetsoft

Assetsoft is the right partner you need to automate your real estate business processes. We have top experts with years of experience to make the most robots like UiPath. Our team can also provide cutting-edge technology and tailor each solution to meet your business needs.

Property managers can also rely on us for sound consultation, no matter how complex the problem is. We can deliver the best robotic process automation and help you save costs, time, and labor. Get in touch with us to tell us your requirements. We can help you eliminate manual labor and leverage automation to the fullest to achieve your business objectives.

Final Thoughts

Want to use robots for your property management business? Talk to the Assetsoft team. With Robotic Process Automation, you can achieve your automation goals while increasing productivity. Analyze your needs today and implement AI-based robots for all those small things - like sending emails or scheduling reminders. Explore the possibilities with the Assetsoft team!

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Virginias March Legislation Changes: What It Means and How To Adapt

Mon, 08 Mar 2021 09:19:43 -0500

Since COVID-19 began, tracking legislation updates has been a hardship for everyone. Depending on your location, you might feel like laws change every other day. For some, that's unfortunately true.

The recent legislation changes in Virginia, beginning on the 1st of March, is an excellent example. Yardi’s ScreeningWorks PRO already informed all its customers, but many still feel lost regarding the law’s implications.

What does it mean? Why does it matter? More importantly, what can you do? That’s our topic for today.

What does this law entail?

The law relates directly to the landlord-tenant relationship. In essence, it's a way to guarantee that applicants rejected by landlords don't feel lost afterwards. That's because it's challenging to know what steps they can take after rejection.

To simplify things, this notice demands landlords to provide additional information to applicants after denying housing. This information primarily goes through their rights and what they can do.

The law applies to all applicants screened and denied housing on the 1st of March and later.

The implications for landlords: What do you have to consider now?

This law was a surprise for most companies and managers because of how sudden it was. Therefore, there's still a lack of information about the notice and what landlords need to start doing.

As a summary, you need to notify rejected applicants about their rights via the Virginia notice. This information is available for Yardi users right now. Additionally, you can set up your preferred communication channel so that it sends the required documentation to your denied applicants.

How can you curb these new challenges?

Now, the main obstacle isn’t to procure the information you need to convey to your applicants. It’s readily available for any users of Yardi’s ScreeningWorks PRO. It’s also easy to find with simple legal advice.

The genuine hurdle is finding the means to communicate everything to your applicants with little effort. It might not sound too challenging, but when you're managing several properties with a dozen applications per space, everything adds up.

Luckily, the real estate sector enjoys plenty of options to improve the relationships between landlords and tenants.

Streamlining communications

The first step to comply with these requirements is to make your communications as straightforward as possible. You don't want to spend too much effort and resources to abide by these new requirements.

That’s mainly because you don’t have to. For instance, most of our software services include comprehensive solutions to communicate with your tenants and teams. If you're implementing real estate apps, it's likely you already have the necessary features.

Modern ERP software

Additionally, modern ERP solutions have all the features you need to manage your properties from a single dashboard. That includes tracking maintenance and statuses, but communications are often overlooked features in these apps.

For instance, ScreeningWorks PRO lets you generate and download adverse action letters. You can email these in seconds to all your rejected applicants. Yardi also made a PDF of the Virginia law downloadable to attach to your email and send it immediately.

Tenant portals

Tenant portals, usually available via the most sophisticated property management platforms, are also remarkable for this task. You can screen and interview all your applicants via these systems, and that includes sending important notifications.

For instance, you can sort out your best applicants and segment those you want to reject. Their contact information can go into an email list, to which you can forward all the legally required documentation requested by the new Virginia law.

Implementing CRM Apps

Customer relationship management is becoming increasingly important in all industries, and real estate isn't an exception. You need to keep tabs on all your current and potential customers, and these apps let you manage your email lists and automate communications extensively.

Some of the most advanced CRM solutions, like Zoho and Salesforce, let you take care of all messages and notifications from a single dashboard. You only need your applicant’s email, and the system does the rest. As long as you set up the right message, there’s nothing else to do.

Do you need to change ERP software? Keep this in mind

ERP systems are an excellent investment for any company looking to streamline its operations. However, they also require lots of care to ensure you're investing in the right things.

ERP software is an extensive catalog. Every system has various intricacies and features that fit diverse requirements and preferences. A wrong choice in software can translate into monetary losses and operational disruptions.

We also have to consider other processes, like implementation, training, onboarding, and more. Luckily, our years of experience working with multiple software and clients has shown us the three vital considerations for successful integration.

Your real needs

The most crucial aspect to keep in mind is why you're getting an ERP system. They're excellent for streamlining communications and collaboration, but they're more than that. If you only want to send notifications, there are cheaper solutions,

It would be best to consider how much you want to do: your ERP software's features and capabilities. Even providers like Yardi have various products for different business sizes.

Cost-efficiency ratio

When choosing an ERP system, it’s common to look for “more bang for your buck” or as many features as you can for the best price. Everyone’s guilty of doing it, and that’s because it’s not necessarily a bad idea.

It's good to find as much value as possible, but if you're paying for more features than what you'll use, there's a problem. Cost-efficiency goes beyond value for money; we always help our clients focus on what they need and scaling later.

Hiring an effective service

Finally, you'll probably want to hire a software implementation service. Our experience has taught us that it's better to tailor our services depending on the client. That's why we recommend you look for personalized solutions.

Additionally, please consider hiring someone who offers implementation, training, onboarding, and support in a single package. That way, you can save considerably.