Posts Tagged ‘property manager’
I was just speaking with a property manager, and somehow we ended up having a lengthy discussion about the seemingly accelerated effect that technology has on business and life in general. Before dismissing this as “duh,” (for lack of a better term)…[re]consider a few specific words I included in this otherwise over-generalized statement: “…accelerated effect that technology has on business…”
This, in my mind, presents a dynamite topic of discussion, and after sharing my thoughts with a handful of clients, prospective clients, and colleagues…, I’ve realized that others recognize this topic’s relevancy, regardless of their independent opinions on subject.
These recent conversations have brought new depth to the issue… Some folks agree with my original thesis, others do not. Out of those who do agree, not all of them like these changes. Of those who do not like the effect of new technology on business, some believe that the problems created can and will be fixed in time with further innovation. And so on…and so forth.
Read on for our conversation and further analysis…
In the wake of the 2008 Financial/Housing Crisis, the real estate industry was dealt a series of direct blows (as could be expected), and indirect effects continue to exacerbate the pummeling; at ground zero the dust has not settled, but what can be deciphered is a re-assignment of equity and the subsequent paradigm shift within the real estate industry. Over a million new or “converted” American renters have expanded the market since the housing meltdown, and demand for “property managers” to facilitate the rental process has provided a much needed outlet for struggling real estate agents, as “income-producing properties” now provide much needed cashflows for property vendors in this stagnant sales market.
This creates an alternative for many companies and individuals who are pressed for cash but wish to hold on to their undervalued properties until prices eventually rise. The cash accumulated from collecting rents can provide the money needed to pay bills and expenses that would otherwise render them bankrupt.
The folks at RentPost predicted this transition from the “era of the agent,” and surmised that the ultimate profitability of the emerging property management industry would be contingent upon technology. We have created a user-friendly yet highly sophisticated, automated “system’s” approach to facilitating the rental process in the 21st Century.
The speed and efficiency of the Internet Age is breathing new life into an industry overdue for a makeover. Our user-interface connects tenants and landlords on a mobile, digital platform where information is more easily collected, organized, stored, and communicated. Accounting functions take this further, providing effortless assimilation of such information so that you and your employees can maximize efficiency, allocating newfound time and energy to the expansion of your company and/or services, rather than tedious number crunching and record keeping. Furthermore, accounting features help property managers (and/or landlords) to reduce the time and money they spend on record keeping and costly accountants by automatically providing up to date balance sheets, cost analysis, and a variety of ledgers, providing managers a constant calculation of their bottom line.
As a member of the “Facebook/On-Demand” Generation, I know all too well of the ever-shortening attention spans and expectations of immediate gratification that are currently entering our job markets and economy.
Online rent payment keeps landlords AND their tenants from losing hair and sleep!
I’ll concede the possibility that balancing a checkbook is an invaluable learning experience…but aren’t those just the little slips of paper you pay your rent with? You know, the little book that looks like I.O.U. stationary? Yeah, it seems like I see that little book everyday in some part of the house, but I swear it runs off and hides when the rent is due!” But alas! Online Rent Payment with RentPost.com.
Online rent payment is an invaluable service that our software provides, allowing tenants to initiate timely rental payment without the use of paper. The global economy is accelerating away from paper checks, and to many young adults, including students, rent payments (and sometimes bills) are just about the only use for a checkbook. Allow your tenants the ability to safely and effortlessly pay their rent online with RentPost…save yourself much of the hassle associated with collecting it!
It seems tenant farming’s primordial residue has stained modern day renting with a peculiar interpersonal and professional environment, considering landlords stand mightily above ye obsequious tenants. Even more interesting, few seem to recognize the relationship is, well, backwards. Wonder what I’m talkin’ ’bout? Typically, tenants commission other individuals or companies to provide a rental service (housing), yet tenants yield to the demands of the person or company that is paid to serve. In other words, the “servant” out ranks the employer. Usually, contracted service providers submit to the will of the man with the moolah, yet rental relationships have inverted from the professional, capitalist norm, allowing king landlord to act as s/he pleases, regardless of how those actions affect the tenant. Enough hyperbole; what’s the rest of the story, and how can power be balanced?
Online Property Management Software isn’t new, but it could be revolutionary; however, the revolution seemingly has a limited ability to revolve. Here’s what I mean: something has truncated online property management software’s ability to assimilate all parties to a rental agreement in the cloud, but who’s been left out? The answer is…Tenants! Sure, most software provide a cutting edge way to observe and access information regarding your company’s properties under management, regardless of your geographic obstacles, but most only provide a limited conduit of activity for tenants – those most pertinent to rent and its associated processes. All you software providers who’ve only accommodated for property managers: keep on dancin’ ‘till you learn how to tango, ‘cause it takes two. Tenants, put on your boogie shoes, ‘cause you’re the missing piece to this fiesta. Let’s party.
Traveling through the world of rent, we at RentPost have acquired a deep understanding of the renters market from many different perspectives, including investment, interpersonal, professional, and even historical thanks to The Witt. Through our plight, we have uncovered a commonality, affecting all perspectives – communication. It marks the fine line that divides rent’s interpersonal and professional interaction, and the manner in which it exists (or doesn’t!) truly impacts tenant-landlord dealings from the ground up. No matter how its sliced, communication is the word, so… let’s talk!
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