HOW TO SELECT THE RIGHT TECHNOLOGY FOR YOUR REAL ESTATE GROWTH PLAN

When it comes to running your real estate enterprise, having a transparent plan and placing strategies in place is important. Growth planning means that you can plan how your enterprise will expand and track the relevant metrics as you develop.

But your progress plan is barely pretty much as good because the assets you use to hold it out. This includes your people, your marketing collateral, and your technology methods. In this post, we are going to present you map out your current and future processes and align your operations with technology that can help your enterprise in its quick, medium, and long-term objectives.

WHY YOU NEED A REAL ESTATE-SPECIFIC SYSTEM

The right real estate software solution makes your enterprise far more efficient and productive. You will be capable of automate many routine tasks, notably those which are repetitive or take up lots of time.

Using specific software also reduces the chance of issues attributable to human error, especially around data entry and manipulation. When data is entered and fields are populated automatically by the software , you run far less risk of a stray digit or an accidental typo creating issues down the road.

Using an  Odoo Real Estate software system  can actually improve the profitability of your enterprise. Whether you’re automating your marketing communications to make sure you never miss a follow-up or fostering deeper and longer-lasting relationships along with your residents, the proof is obvious: Using a tool specifically designed for the true property industry makes financial sense.

WHICH IS THE BEST TIME FOR MY BUSINESS TO ENJOY A PROPER ROI ON THIS TECHNOLOGY?

If you’re a small or very new firm, you might be wondering whether you even need a real estate software solution and if it’ll represent good ROI. So what size of company can get ROI on this technology?

The quick (albeit irritating) reply is that there isn’t a magic quantity or simply identifiable cut-off point. However, adopting the best technology as early as possible will save you complications later.

Smaller corporations may be capable of get away with simply having a data admin or knowledge entry individual as an alternative of using costly technology. This person will be capable of assist run numbers and pull spreadsheets collectively into reports. But when you don’t have or need to hire any such role, or in case your employees members are already overwhelmed, having the correct software in place can alleviate the necessity for additional support. We usually see technology implemented when corporations don’t need to tackle the extra overhead of hiring more employees — so if this sounds like a predicament you’re in, now is perhaps the time to take a closer take a look at the technology available to you.

Using software can also free up your current staff to concentrate on more value-added tasks that can’t be automated. This means the ROI is twofold: It’s one less hire that you should make, and you can use your workforce to assist additional develop your enterprise, quite than trying to know the current state by sifting via disconnected info.

DO YOU NEED REAL ESTATE SOFTWARE FOR THE FOLLOWING TYPES OF TASKS?

If you and your team usually find yourselves creating reviews from scratch or having to do lots of time-consuming manual data entry, it is perhaps time to invest in software that may automate these processes for you. You may discover that you just’re spending lots of time working in disparate tools similar to Excel, Xero, or QuickBooks, or looking out numerous programs for data so as to put it into Excel for evaluation.

Similarly, in case your workforce is regularly placing together reporting packages manually, this could take per week out of each month or much more. Think how a lot time you’d save when you may simply streamline it. The right software will allow you to cut back per week of employees time down to a couple hours, or doubtlessly even automate this task completely.

Also, think about the quantity of bodily paperwork your team has to undertake. This may be a more important issue than particular tasks. You should implement software if you are drowning in paper.

CONSIDER IMPACT

When you’re deciding whether or not to spend money on real estate software (or selecting which tool to invest in), you might be contemplating elements similar to cost, ROI, and the time it can take to implement the device. However, you need to think about one issue above all else: influence. In different words, what advantages will the software convey to your enterprise and your clients?

IMPACT ON CUSTOMERS

Real estate software usually provides customer-facing modules and options. These enable your customers and residents to do something from requesting viewings and making use of on-line to posting upkeep requests for their property. These easy and streamlined features instantly influence the client expertise, from the prospecting section to relationship management with long-standing tenants and each stage of the client journey in between.

Being able to make use of self-service tools keeps your clients completely happy. This finally means you’ll get pleasure from a longer and more profitable relationship with them. It also saves your team time, releasing them up from taking unnecessary calls and emails and allowing them to concentrate on different, revenue-generating actions instead.

IMPACT ON PROJECT OR INVESTMENT

Real estate-specific software can present robust analytical information and steerage. Systems can immediate you to regulate lease costs based on daily market fluctuations. Having the correct software in place also can provide you with detailed analytics in your project’s efficiency, all the best way down to a person flat or room. These particulars permit you to make better strategic choices, thus enhancing the general efficiency of your Built-to-Rent (BTR) scheme.

Aside from the direct influence in your project, your software investment also can assist enhance communication between your organization and its investors. Investors have high reporting expectations. This means you’ll need to utilize the most correct and timely data to create these reviews. Fortunately, this information is all simply accessible from inside a correctly established Odoo real estate software system.

SOME OF THE BEST SYSTEMS ON THE MARKET

As skilled real estate technology consultants, we suggest our favorite tools to clients:  Odoo real Estate management Software . Both of these systems provide extensive features, including portfolio management, payment processing, vacancy management, billing and invoicing, and full capabilities for BTR/residential Real Estate companies.

But which is best? Both are excellent systems and which one you select will depend upon the specific needs of your enterprise and which one you’re most comfortable using. Both corporations offer robust capabilities, with Odoo being a strong platform and MRI Software offering an extensive accomplice program with main applications. Getting a demo is an effective way to get a way of how the software works and how it will suit your needs.

The Apagen team can work with you to conduct a needs assessment based on your present and future business needs, develop a necessities matrix, and guide you thru the whole process from arranging demos to the review, ROI evaluation, and final implementation section.

NEED HELP SELECTING YOUR SOFTWARE AND GETTING STARTED?

No matter where you’re in your journey with implementing  Odoo Real Estate software, Apagen will help. Whether you want recommendation on whether Odoo is best for your enterprise, help installing the software and getting it up and running, developing reports, or additional training to bring your team up to speed, our experienced and pleasant team shall be completely happy to assist you.

Drop us a mail today  for a no-obligation chat to see how we will help.