The property management industry is constantly changing, and 2024 is no exception. To thrive in this competitive market, you need to understand the trends that are shaping it. From technological innovations to new remote setups, these trends will impact how you do business. Here, we will uncover some trends in property management and show you how to use them to your advantage.
Remote management
Remote property management is on the rise in this digital age, and for good reason. It's efficient, flexible, and, thanks to technology, easier than ever. While managing properties from afar can get tricky, virtual assistants can help in handling everything from listing your properties online to collecting rent payments.
They keep track of every detail, ensuring every task is handled promptly and efficiently. Additionally, these assistants can answer tenant questions, schedule repairs, and might even be able to manage your accounting software. This makes remote property management not just possible, but downright easy.
Plus, with a virtual assistant on your team, you'll always have a direct line of communication with your tenants, no matter where you are. So you can focus on the big picture, while your virtual assistant handles the day-to-day tasks. It's a smart way to leverage technology and take your property management to the next level.
Go Digital
Did you know that 86% of renters now favor digital interactions with their property managers? This preference isn't just a trend—it's a significant shift that saves time and money for both prospects, tenants, and managers. In response to this demand, it's essential for property managers to fully embrace technology and make their properties digitally accessible.
Virtual Showings
One of the most effective ways to meet this digital demand is by enhancing your property showings with virtual tours. Virtual showings allow potential tenants to explore properties at their convenience, reducing the need for in-person visits and speeding up the decision-making process. This not only caters to the digital-first preferences of modern renters but also streamlines your operations, making your management efforts more efficient.
Modern Systems
Furthermore, adopting digital solutions extends beyond just showings. It involves integrating systems that support digital lease signing, online rent payments, and automated maintenance requests. Each digital touchpoint adds value, offering convenience and fostering a better relationship with owners and tenants who appreciate the ease and flexibility of managing their rental interactions online.
By transitioning to these digital practices, you position your properties as forward-thinking and client-friendly, appealing to a broader demographic of tech-savvy customers and setting a new standard in property management. And if you’re not tech-savvy yourself or you don’t have the time and energy for these upgrades, just hire virtual assistants.
Responsive Communication
Having clear and effective communication channels has become more crucial for property managers. One way to ensure that no call or email is missed in your office is by partnering with a dedicated call center or employing virtual assistants.
Your virtual staff can handle a wide range of communications for you. This includes maintenance repair requests, after-hours emergencies, leasing questions, and new owner interactions at a quarter of the cost compared to hiring an in-house employee.
Even better, virtual assistants help property managers stay organized. They track every request and make sure nothing slips through the cracks. This means happier tenants and more time for property managers to focus on running their business smoothly.
Stay Ahead of the Trend with VirtuallyinCredible
Property management is poised to see massive change this year. And technology has been the main driving force behind this. While coping can be a challenge, our virtual assistants you can easily hire can help you easily adapt to the changes. Book a demo to learn more about our services!