Multifamily apartments have a high number of visitors and tenants, making building security not an added feature, but a priority. With burglaries and crimes on the rise, more tenants are looking for properties that have added safety measures. An Assurant survey found that nearly 54% of ten...
The Covid-19 pandemic disrupted multifamily fundamentals in unprecedented ways. While the industry made several short-term changes, the impact of the pandemic isn’t limited to a certain time. According to The Business Research Company, the global real estate market is expected to grow to $4.6 trilli...
Technology has become inevitable to keep up with the pandemic norms for the real estate industry. However, contactless technology serves more purpose than just minimizing physical contact. Property managers discovered that contactless technology was more convenient as opposed to traditional property...
Tenant screening is one of the first and the most important steps while renting your property. If you’re managing a property business, tenant screening can be a tedious task, and if done wrong, it can lead to troubling consequences. Getting that ideal tenant is not always possible. Ev...
Just like almost every other industry around the world, the real estate industry was affected because of the pandemic. At a time when people were forced to stay home, change their spending patterns, and reduce consumption of non-essentials, it is a no-brainer that the real estate market would have t...
Data is extremely valuable for the real estate industry. Companies process huge amounts of data to finalize important decisions. In fact, 7 out of 10 businesses think data discovery is very important. But what happens when there is too much data? Your software experiences an information ov...
Real estate automation has been in the market for quite some time. Every sector--from residential to commercial--has adopted some form of technology to simplify business processes. Automation through RPA tools not only leads to smart management but also plays an integral part in the financial succes...
Chatbots are not new to the internet. 67% of consumers worldwide had an interaction with chatbots last year. Whether improving customer experience or collecting information, chatbots have made their way into every industry. In real estate, they are used to interact with prospects and conve...
Ever had tenants who always paid their rent on time? Such tenants are an asset but are also not very common. For property managers, rent collection is one of the tiresome aspects. More than 50% of Americans make late payments due to job loss, financial problems, or simply because--they for...
Property management can be a constant cycle of managing existing tenants and finding new leads. Customer Relationship Management software can help property managers organize their leads. While they handle other management processes, CRM software can help with sales and customer data management. ...
Tenant screening is an essential process for property managers. For those managing multiple properties, screening can be time-consuming and tedious. Individually verifying each application and conducting background checks isn’t the most efficient approach either.
You can simplify yo...
Across the world, the rental property market is impacted by Covid-19. As the world recovers from the pandemic, the market is expected to reach $1765.5 billion in 2021. With the real estate trends changing, let’s explore how the market fares in different countries.
Being a property manager comes with multiple responsibilities. And if you are new to property management, mistakes can cost you money. Whether you want to avoid making those or just upgrade your knowledge, this guide will help you.
Here are the ten things you should avoid when renti...
Real estate technology advances at its fastest since the COVID pandemic began. Rapid adoption has been the main goal for most companies. Today, we'll go through what investment management software can do for property managers.
If you’re interested in leveraging all these benefits, we...
Real estate is among the fastest-growing industries regarding technology implementation. Tenant portals pose a promising development for any company wishing to streamline its tenant support.
These portals allow property managers to provide a direct contact channel for their tena...
The coronavirus pandemic is a game changer, and its repercussions on many industries will probably last for years after it’s gone. Some of the ways companies have adapted might even become the new standard.
Yet, it still feels like an understatement.
Back office accounting is o...
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