There are two types of people in property management: reactive and proactive. Reactive people are constantly putting out fires, while proactive people take a more preventative approach, planning to avoid problems before they happen.
In the past, being a reactive property manager was enough; but in today’s competitive market, it’s not enough to just put out fires. It would help if you were proactive to stay ahead of the curve and keep your properties running smoothly.
Technology has helped us move from a reactive to a proactive approach by providing us with the tools we need to plan and avoid potential problems. Here are a few examples of how technology is helping us take a more proactive approach to property management:
Predict Maintenance
We can predict maintenance issues by using data and analytics. This allows us to fix problems before they become major issues, saving us time and money in the long run. In the past, property management was primarily a reactive process. Maintenance issues were only addressed after they became apparent, which often meant costly repairs. However, with the advent of new technology, it is now possible to move from a reactive to a proactive approach.
Property managers can identify potential maintenance problems before they occur by using predictive analytics. This helps to avoid expensive repairs and downtime, and it also makes it possible for tenants to resolve issues more quickly. In addition, new technology can help property managers better understand their tenants’ needs.
By tracking data on tenant behavior, managers can identify trends and address issues before they become problematic. For example, if the tenants are very conscious of cleaning, property managers can hire professional concrete cleaning services at regular intervals. They can also store this data to know the date and time of the last cleaning and accordingly decide when to clean the next time. Also, the professionals can clean the space thoroughly so that the tenants are happy with the services. As a result, technology is helping revolutionize the property management industry by making it more proactive and efficient.
Automate Tasks
As a property manager, your ultimate goal is to keep your tenants happy and your property in good shape. To do this, you need to be proactive rather than reactive. You can’t wait for something to break before you fix it, and you can’t wait for a tenant to complain before you take action. Instead, you need to constantly monitor your property and take steps to prevent problems from occurring in the first place. Technology can help you do this. By automating tasks like scheduling maintenance inspections and sending out repair requests, you can free up your time to focus on proactive management.
Additionally, using tools like work order software, you can keep track of all the repairs that need to be made so that nothing falls through the cracks. Being proactive is key, and technology can help you get there when it comes to property management.
Stay Connected With Our Properties and Tenants
Property managers were largely reliant on tenants to report issues with their units or properties. This reactive approach often resulted in unresolved problems for extended periods, leading to tenant dissatisfaction and even damage to the property. However, technology has helped property managers to become more proactive in their approach to maintenance and repairs. With the advent of smart home devices, property managers can now receive alerts as soon as an issue is detected, allowing them to take action immediately.
In addition, these devices can provide valuable data that can be used to anticipate and prevent future problems. As a result, technology is helping property managers to provide a higher level of service and satisfaction for their tenants. We can use mobile apps to stay connected with our properties and tend to address problems as soon as they happen. This helps us resolve issues quickly and efficiently before turning them into more significant problems.
Use of AR and VR for Home Tours
Virtual reality (VR) and augmented reality (AR) are being used more and more in the real estate industry to give potential buyers or renters a realistic view of a property. These technologies can also be used by property managers to give potential tenants a tour of their units without having to be physically present. This is especially useful for out-of-state or international tenants who may not be able to come to the property in person.
By using VR or AR, property managers can give potential tenants a realistic view of what it would be like to live in their units. This helps to give tenants a better idea of the space and whether it would be a good fit for them. In addition, it can help to reduce the number of no-shows for appointments, as potential tenants will have a better idea of what to expect.
Technology has changed the property management industry for the better, and those who embrace it will be the ones who succeed in the long run. Now is to start if you’re not using technology to manage your properties. It will help you save time, money, and headaches in the long run.