Virtually any business can benefit from advanced digital technologies, particularly automation, and those in the property management field are no exception. In an industry as chaotic and multi-faceted as ours, finding ways to streamline and optimize workflow is pivotal to success. Let’s take a deeper dive into the 5 specific ways that automation can help your business run more efficiently.
Accounting
One of the simplest and yet most impactful tasks you can leverage property management automation for is accounting. Transitioning manual activities like data entry and payment processing from human worker to machine will not only save time and free up your existing staff, but it’ll also dramatically cut down on costly errors. Your employees will be happier, your books will be more accurate and your cash flow will be better. What’s not to love about that?
Communication
With owners, tenants, residents, and vendors to worry about, keeping all stakeholders “in the know” can be quite the chore – especially as your property management business grows. With the right solution, you can generate and automate everything from text messages and emails to broadcasts and alerts. Instantly and efficiently get your message out. Seamless, integrative communication will also drive service levels and retention rates upward.
Maintenance
Maintenance is one of the most important jobs of a property manager. Unfortunately, the bigger the portfolio, the more cumbersome this task becomes. Manually keeping track of incoming requests is not only time consuming, but there’s also a greater risk of things slipping through the cracks. With automation, on the other hand, staying on top of maintenance and repairs is easy.
Compliance
Keeping up with community violations can be a full-time job in and of itself. Why not shift this process to an automated solution? This will eliminate the need to manually generate compliance letters or organize records to ensure a paper trail. Any and all compliance issues can be managed electronically, with optimized digital record-keeping for your own compliance purposes.
Growth
While you can’t technically automate business growth, you can leverage automation technology to help achieve your growth goals faster and more effectively. For instance, by taking a significant portion of manual tasks and workflows off the plates of your employees, you’ll empower them to apply their skills to more mission-critical activities, such as innovation and service improvement. You’ll also be able to accomplish more without having to increase your headcount.
The bottom line is this: automation can instantly and dramatically improve your daily workflow, saving you time and money, and enabling you to focus your efforts and allocate resources more effectively. For more information on how you can automate your property management business, contact Netintegrity today, or click here to book a free product demo.
