The evolution of property management in Manchester: From traditional to tech-driven

Property management has come a long way in recent years, making things more streamlined and easier to manage. In this blog, we’re looking into the evolution of property management in Manchester: from traditional to tech-driven.

Investing in Manchester

The demand for rental properties has remained high in Manchester. Landlords are seeing their properties taken off the market quickly - sometimes even before they’re formally advertised. This is promising for landlords as it means that properties remain tenanted and they can continue making an income.

At Parello, we have a bank of vetted tenants who are looking for properties in Manchester, including houses, apartments and studio flats. Many property types are in demand in various areas. Read our blog on why now is a great time to invest in Manchester.

What is traditional property management?

Traditional property management involved a lot of paperwork and the manual completion of tasks. Additionally, it wasn’t uncommon for property managers to keep hold of physical folders relating to each property and its tenants. Not only is this time-consuming, but it also poses data risks and increases environmental damage.

Property managers would have kept physical copies of information relating to rent collection, maintenance requests and more.

What is modern property management?

Modern property management methods rely more on technology to organise tasks and retain information. Property managers now have access to more technology to make the processes simpler and keep things streamlined for landlords. The property management industry has come a long way in recent years. We remain ahead of all trends in the property sector.

Here are some of the more modern features of property management in Manchester.

Property management software

Property managers have access to more advanced software, allowing them to keep information regarding properties and tenants safe and secure. It means that all information can be found easily in one place without the need to read lots of documents and search for the right information.

The software is also likely to hold any information relating to maintenance requests throughout the tenancy and information on finances. A great property manager will ensure that the rent is collected from tenants on time and that it reaches you on your chosen date.

Cloud-based solutions

Utilising cloud services means that information can be accessed from anywhere. This makes the processes more manageable for everyone involved, including landlords, tenants and managers. If a landlord needs to request information, then the manager can access it even without being at their desk.

Access to data analytics

Many online tools can be used to gain access to more detailed analytics. We have access to data which can be used to make strategic recommendations for landlords. This can be useful for property listings to ensure they are appealing to the right people.

Effective communication

Technology makes communication much easier. If landlords have queries, they can easily pick up the phone or send an email to property professionals, and the same goes for tenants.

When maintenance is requested by tenants, easy communication allows us to find a suitable date and time for contractors to visit the property and rectify the issue.

Additionally, many tenants are encouraged to report maintenance issues within an app so the agents can keep a record of them for future reference.

Advanced technology

Technology allows property management companies to access more advanced software to appeal to more tenants. For example, a company may use virtual reality or artificial intelligence to show prospective tenants around a property. This is still an up-and-coming technology and is not always necessary when high-quality images and videos have been taken for online advertising.

What are the benefits of tech-driven property management?

As a property management company in Manchester, it’s vital that we remain up to date with current trends. There are many benefits to using more modern methods and here are just a few of them.

Increased efficiency with real estate technology

Traditional methods were often considered time-consuming and ultimately not very efficient. A more tech-driven approach means that all information can be found in one place, saving time and ensuring that any queries or issues are handled effectively.

Better methods of communication also add to this, as non-urgent requests can be dealt with at more convenient times.

More effective decision-making

Access to real-time data regarding property performance can be extremely useful in ensuring strategic decisions are made. This can help us analyse market trends and ensure that you get the best return on your investment. Find out more about Manchester property investment.

This digital transformation also improves data privacy as information and real estate transactions are kept online.

Cost-efficient

Hiring a dedicated property management company can provide you with many cost savings, especially if they are using more up-to-date technology within their practices. If you choose to let the property yourself, it might end up costing you a lot more, as you’ll need to find reliable tenants, keep an eye on market trends, organise maintenance and much more.

We use technology to enhance our property management services, reducing the manual paperwork we need to complete for each property.

As a landlord, you must choose a property management company that can cover the services you require to a high standard. We’ve supported many landlords just like you with property management in Manchester.

We hope this blog has been helpful regarding the evolution of property management in Manchester. Are you looking for a high-quality agency to support you? Contact our friendly team today to see how we can help.

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