{"id":4249,"date":"2024-03-25T21:58:35","date_gmt":"2024-03-25T21:58:35","guid":{"rendered":"https:\/\/propertymeld.com\/?p=4249"},"modified":"2025-04-14T15:50:40","modified_gmt":"2025-04-14T15:50:40","slug":"how-the-tech-industry-has-impacted-property-management","status":"publish","type":"post","link":"https:\/\/propertymeld.com\/blog\/how-the-tech-industry-has-impacted-property-management\/","title":{"rendered":"How the Tech Industry has Impacted Property Management"},"content":{"rendered":"<p>The intensity and rate at which technology disrupts the world and its systems is exponential. In other words, we\u2019ve only touched the surface of its effects and they\u2019ll likely arrive much quicker than any of us anticipate. The tech industry impacts property management and is only just beginning to extend its tentacles. Yet there is a clear direction in its application: <strong>amplifying efficiencies and reducing costs<\/strong>.<\/p>\n<h2>Self-Showing<\/h2>\n<p>If you\u2019ve ever spent your hard-earned weekend showing a property, you\u2019ll appreciate the invention of the self-showing home. Companies allow managers to post their listings across multiple sites and require prospective residents to pre-register if they\u2019re interested in seeing a space. Utilizing a one-time keypad entry code, prospective residents can then see the listing on their own time. This technology not only takes the burden of showing a listing off of managers and agents but also allows prospective residents greater flexibility in exploring their options. According to Rently, 70% of their showings occur after hours and on weekends, greatly increasing the visibility of a listing without any extra effort by the property manager or agent.<\/p>\n<h2>Keyless Locks<\/h2>\n<p>Another headache-solving technology is the innovation of keyless locks. With keyless locks, the cost of re-keying doors and stress of answering late night calls from locked-out residents disappears. But the real utility, we think, is that with keyless locks, maintenance crews can be granted access to a property without the need for anyone to be home. By eliminating the task of coordinating the timing of crews and residents, managers no longer need to play phone tag with multiple parties and maintenance jobs ultimately get done quicker. That, in turn, increases resident satisfaction and saves managers and their offices time and money.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-4182 aligncenter\" src=\"https:\/\/propertymeld.wpengine.com\/wp-content\/uploads\/2019\/11\/AdobeStock_77261125-300x236.jpeg\" alt=\"Tech Industry Impacts Property Management\" width=\"300\" height=\"236\" \/><\/p>\n<h2>Package Lockers<\/h2>\n<p>If Amazon can use drones to deliver packages, it makes sense to have technology to ease the process of receiving the package, no? Self-service package lockers are that answer. Companies construct and sell electronic lockers with touch screen access, backup-batteries, numerous compartments of differing sizes for residents and cloud-based surveillance. With this technology, there is no longer a need to contact residents about package deliveries, freeing up the time and office space of managers and landlords.<\/p>\n<h2>Maintenance Automation<\/h2>\n<p>But our favorite innovation in the property management industry \u2014 we know, we\u2019re biased \u2014 is the introduction of maintenance automation software. With features like a chat application, this technology creates a direct line of communication between residents and maintenance crews, extinguishing the responsibility of a property manager to coordinate between crews and residents. An electronic system of checkpoints and tracking of the maintenance process is also part of this technology, eliminating the need for continued check-ins at each step of the process. With this system, data is accumulated, lending insight into areas where the process can be improved further.<\/p>\n<div class=\"pull-quote\">\n<p>Overall, automation leads to increased efficiency, reduced stress and time spent on small-scale tasks, and more time available for focusing on the big picture, whether that\u2019s expanding your business or simply sitting by a pool enjoying the fruits of your labor.<\/p>\n<\/div>\n<p>Oh, and the numbers back us up. In an analysis of our data, we found our automation software reduced the time spent on coordinating maintenance jobs by around 60 percent and increased resident satisfaction by more than 85 percent.<\/p>\n<p>Considering that 46 percent of residents say maintenance was a factor in renewing their lease and 31 percent of residents cite maintenance issues as the reason they left a property \u2014 only rent price is a higher determinant of that unwelcome outcome \u2014 it\u2019s clear that time isn\u2019t the only thing you\u2019re saving with our software.<\/p>\n<h3>Learn more by scheduling a demo with one of our specialists.<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>The intensity and rate at which technology disrupts the world and its systems is exponential. In other words, we\u2019ve only touched the surface of its effects and they\u2019ll likely arrive much quicker than any of us anticipate. The tech industry impacts property management and is only just beginning to extend its tentacles. Yet there is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[7,43],"tags":[60],"class_list":["post-4249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-industry-trends","tag-newsletter"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tech Industry Impacts Property Management | Property Meld<\/title>\n<meta name=\"description\" content=\"The tech industry impacts property management by amplifying efficiencies and reducing costs. 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