How Technology Makes Managing a Rental Property More Seamless | Livingston Property Management

Good property management companies have been eager to invest in new technology as it becomes available in our industry. Over the last year or so, with the pandemic making contactless leasing and management an essential part of doing business, technology has become even more important. 

Nothing will replace the relationships that property managers have with tenants, owners, vendors, and other community partners. However, automating and digitizing some of the functions of residential management can lead to more efficient and cost-effective processes. 

We are always eager to help investors and owners understand why technology should be such a big part of Livingston property management. 

Accurate Data Leads to Better Rental Property Pricing

The rental value attached to your property has a huge impact on how long it’s vacant and what types of tenants you attract during the leasing period. Some landlords will visit sites like Zillow and Craigslist to get a general idea of how much they can price their properties for, but data based on tech-driven sources is far more reliable.  Technology helps us gather good data to make accurate pricing recommendations. Not only will we know what a home like yours is listed for, but we’ll also know what it ultimately rents for and how long it takes to find a well-qualified tenant.

Technology Delivers Strategic Rental Property Marketing

Marketing your rental property is a lot easier with online advertising and the ability to syndicate your listings across all the most popular rental sites that tenants are using. Our property management software system allows us to post your vacant home on our own website as well as the MLS and sites like Zumper, Zillow, HotPads, and Rentals.com. Fewer hours are required to upload all these listings and photographs to multiple sites.

With technology, we are also more responsive when it comes to scheduling showings and following up with prospective tenants, and answering their questions. We can use digital keys and electronic locks to allow prospective tenants to see the property on their own time. Everything is secure because we collect identification and a credit card before we allow tenants to enter the property.

When we don’t have to show every home in person, we can spend more time managing the property and responding to the needs of your tenants.

Maintenance Requests and Inspection Reports are Well-Documented

Tenants should have an online portal, which they can use to submit routine repair requests. This allows us to respond quickly and easily. We evaluate the issue, assign the repair to a qualified vendor, and follow up when the work is complete. 

This technology also provides a documented list of what occurred during the reporting and repairing process. We have a record of when the request was made and what we did about it.

Our software system makes it easy to share inspection reports with our owners. You’ll receive detailed reports with photos and videos so you know exactly how your property looks. 

Transparent and Accurate Accounting Reports

These are just a few of the ways that technology helps us manage your property seamlessly. If you have any questions about the services we’re able to provide, please contact us at Wisdom Property Management & Realty, Inc.