How can property management platforms increase efficiency?

To those in estate or property management, it’s no secret that the industry has been late to the game when it comes to property management platforms. During the height of the pandemic, they had to scramble, like most of us, to create a hodgepodge of processes that kept the doors open and kept them safe; now they’re seeing that many changes to the way the world does business  (i.e., less in-person contact) are here to stay. Whether you are selling properties or managing them, this means finding new ways to engage the client and collaborate with colleagues – and incorporating digital tools into your daily workflow. There are several different platforms one can use, but the bottom line is using an all-in-one solution will make the integration easier, even if your idea of technology has been limited to text…

Continue ReadingHow can property management platforms increase efficiency?

Benefits of a single platform for multiple home management.

Despite increasing debate in recent years about the benefits of homeownership, for many it remains one of the benchmarks of security and their attainment of the American Dream. If this is the case, it stands to reason that owning more than one home is the proverbial icing on the cake. It also vastly increases the work, responsibilities, and costs with multiple home management, to the point that some find it easier to rent when they are on extended vacations or prefer more privacy than a resort can offer.   If you do own multiple homes, you know there would be no way to run them without substantial help, whether they are an hour’s drive or a plane ride away. This is not just about winterizing your place by the beach, but ensuring adequate security throughout the year and that…

Continue ReadingBenefits of a single platform for multiple home management.

Dynamic platforms supporting the monetization of properties.

People are becoming increasingly creative about ways to generate income these days, including monetizing the property they live on. The most obvious example of this is Airbnb, which has been around since 2008 but exploded in the years leading up to the pandemic. And though business certainly suffered during the first several months of 2020 (revenue plummeted about 80%),  it has since rebounded as people resumed traveling. In fact, since they can work from anywhere they are often staying for longer periods, which means opportunities for hosts to create modest side hustles to six-figure revenue streams.  Others are renting out areas of their land as storage space or for events such as weddings, or growing crops on the property for sale at farmers’ markets.  Whichever avenue you choose, you’ll soon find that it is like running any small business,…

Continue ReadingDynamic platforms supporting the monetization of properties.