If there are two industries that are continually growing, they are technology and real estate. In the past, property management teams have greatly relied on their agents to keep track of records, payments, and “to-do” list items, but with the ever-changing frontier of property management technology, tenants and landlords alike are looking for a streamlined, and effective way to be heard in their communities.
With so many tech trends in the market today, it can be difficult to determine which property management softwares will benefit your property, and which are just fads. Read on to see what property management technologies are here to stay in 2018 and beyond – and what that means for your property.
Your Community Just Got Safer
There are many new property management software programs designed to offer an advanced screening of potential tenants. In just seconds, your property management team could receive a “score” on a potential tenant, based on their criminal history, rental history, credit and evictions. This technology promotes the safety and profitability of your community simply by creating more efficient tenant-screening process.
Tenants Want To Be Involved
In 2018, it’s simply not enough to ensure your community is safe and that your administrative duties are on point. Now, tenants are looking for the best amenities and services, ranging from fitness centers, coffee bars, and day care services, but they are also looking to live in a property with technology services that make maintenance and technology-related services part of their lives. In 2018, things like internet connectivity in your building should be a given, but stay ahead of your competition by harnessing things like community apps, and garner a social media presence to attract renters.
What Kind of Apps Do Tenants Want?
You may be thinking, “I’m not a web developer, and I definitely can’t create an app. What kind of apps to tenants want, anyway?” We’re glad you asked. Here are some great ideas for apps in your community.
Apps Designed for Maintenance Requests
Created a single hub of communication for maintenance requests and emergency alerts allow your tenants to feel connected and heard. Bonus points if your app allows for instant messaging for residents to communicate directly with your staff.
Apps Designed For Potential Tenants
Providing direct marketing to residents and potential tenants with abilities like checking apartment availability, scheduling tours, or even offering virtual tours, attracts potential residents and lets them know you are invested in your community.
Apps To Streamline Administrative Tasks
There are many software programs that now offer revenue management services. Property managers have the ability to collect rent payment, give updates on lease agreements, and more. Utilizing a software that takes a daunting task of accounting and administration services and making it user-friendly and easier is going to be increasingly important in the coming years.
The Takeaway
Utilizing innovative technology and our extensive experience, Maven Property Management & Consulting is set apart from other property managers. We offer personalized management services so you never have to be put into a “one size fits all” management solution. We will work with you and your community to find a solution that works best for you. Contact our Property Management and HOA Partners in Los Gatos, CA at (408) 353-2126.