In the fast-paced and ever-evolving property management industry, efficiency and cost reduction are paramount. As property managers strive to enhance the resident journey while optimising operational costs, technology becomes increasingly vital. Residently's comprehensive resident management system offers a transformative solution, enabling significant savings in both time and money. Here's how our platform helps reduce costs and administrative burdens across the resident journey.
On average, our system saves 7 hours of administrative time per tenancy, equating to £113 in cost savings
Automation is essential for boosting efficiency in all lines of work, and property management is no different. By bringing all processes in one place and connecting all of your data and resident interactions, we can begin to automate repetitive tasks, leading to substantial time savings and saving you and your teams from the mundane, error-prone tasks that make the days a little longer. A good example, resident offers, our system simplifies the collection and review of offer details, then automates the processing and refunding of holding deposits, and sends communications with reasoning to unsuccessful offers all in a click or two. Now imagine this across your entire leasing operations.
Managing paperwork and referencing is often a time-consuming aspect of property management. Residently's platform automates the calculation of amounts owed during the pre-tenancy process and sends automated follow-ups for paperwork submission. This reduces the potential for human error and saves approximately 30 minutes per tenancy. Moreover, our system provides real-time updates to renters on their application status, ensuring transparency and reducing the need for manual follow-ups.
Contract management can be a complex and error-prone task. Residently simplifies this process by automating the drafting and execution of new lease contracts. Instead of manually drafting contracts, our platform enables property managers to complete this task with just a few clicks, saving up to 45 minutes per tenancy. Additionally, executing contracts is streamlined through a single interface, further reducing administrative time and effort.
Another area where Residently excels is handling payments and renewals. Our platform automates the sending and chasing of move-in money and ad hoc rent payments, saving valuable time for property managers.
Residently's unified system ensures seamless collaboration between in-house and external teams, providing real-time visibility and transparency. This coordination reduces costs, enhances the rental experience, and enables more flexible operating models. By avoiding data silos and harnessing the power of data, our platform offers detailed analytics and insights that drive higher yields and operational efficiency.
On average, our system saves 7 hours of administrative time per tenancy, equating to £113 in cost savings. For property managers overseeing large portfolios, these savings can quickly add up, resulting in substantial reductions in operational costs.
In an industry where efficiency and cost management are critical, Residently's resident management system stands out as a game-changer. By automating repetitive tasks, streamlining workflows, and enhancing collaboration, our platform reduces administrative burdens and drives better outcomes for property managers, institutional owners, and residents.
