The Stevie Awards Blog

Why Property Management Is Going High Tech

Posted by Daniel Ferguson on Tue, Mar 10, 2020 @ 02:31 PM

London Computer Systems is a property management software company that seeks to help businesses operate efficiently using their integrated technologies. Their Stevie Award-winning product, Rent Manager, is proven to help companies manage all types of properties.

As the property technology world develops, real estate firms are devoting more attention to how technology can help their businesses. Technology impacts real estate agents to an ever-increasing degree, and tools for every aspect of a real estate company are currently being developed.

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When Communications Are Down, Technology Helps

New programs and apps help manage and streamline real estate processes for realtors—not just in the course of their everyday work but also when disasters strike. For example, in areas of the country that suffer from severe weather-related issues, property management can be extremely challenging for industry professionals and their clients. 

Software products recently released on the market, however, can help property managers connect with residents and track communications. With just a few clicks of a button, the software can ensure tenants get the help they need by using targeted text messages and phone calls. This greatly eases the stress on client and owner alike. 

Increasing Industry Use

More than half of commercial real estate agents are now using at least one form of property technology. Two common ways they’re using technology are to analyze performance and to manage accounts and properties on their lists. The goal of moving toward artificial intelligence (AI) in real estate is to give business owners the freedom to customize information technology to better fit the needs of their companies. 

LCS_logo_2At its heart, property technology makes the realtor or property manager's job easier and helps that person do a great job for his or her clients. In the past, the industry relied on time-consuming paper management systems, which didn’t allow for tracking communication between manager and tenant. Today, there are more innovative products on the market. Rent Manager makes the process much more straightforward and transparent. 

Next-Level Integration

The industry’s goal now is to progress to the next level of integration, wherein platforms connect seamlessly. This evolution will enable different software systems to work together, which will allow businesses to personalize their systems. Modern application programming interfaces (APIs) allow programmers to construct solutions that work perfectly for them and their customers. 

What Is the Future of Property Technology?

In the future, the property management industry is likely to dive deeper into the world of artificial business intelligence. The world, after all, works on electronic automation in nearly all sectors. You can book an appointment with your dentist from a website, use the self-checkout at the market, and buy a car online; to keep up, managing your rental property needs to move in the same direction.

Property management companies are likely to automate processes and to move the workforce into service-focused tasks. In that landscape, attention to detail and a focus on customer service will become the things that make a property management system stand out from the competition. 

The ability to stay on top of trends in the property management industry keeps businesses at the top of their game. In 2020 and beyond, these companies need to operate efficiently and stay connected to clients in order to build a reputation for top quality service. That involves not only relying on property management technology but employing dedicated people to use it. 

This dedication to being at the forefront of property sector tech development, as well as a commitment to excellent customer service, helped London Computer Systems, a property management software company, earn recognition as a leader in their field. London Computer Systems is based in Cincinnati, Ohio, United States.

The Rent Manager Product Support Department was named the winner of a Bronze Stevie® Award in the Customer Service Department of the Year category in The 16th Annual American Business Awards® (2018). The Rent Manager User Conference was also named the winner of a Bronze Stevie Award in the Corporate & Community - Corporate Event category in The 17th Annual American Business Awards.

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Tags: The American Business Awards, Customer Service

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