In fact, most landlords consider their property managers an essential part of their rental portfolios. Recent changes to the rentals landscape have heaped significantly more complexity on property managers’ plates; however, begging the question: are traditional methods still keeping up and delivering the value landlords need?“People often assume the majority of landlords’ needs are to have the admin of running a rental property taken care of,” said van der Merwe.
In truth, rental properties are often the most valuable individual assets in an investor’s portfolio. Yes, they require significant amounts of admin to run successfully, but they also require strategic management, like any other asset class, to reach their full potential. This, in turn, affects the service landlords receive, which often becomes limited to the basics of sourcing qualified tenants, rental collections, reactive maintenance, arrears and lease management.“They’re not struggling to provide the kind of value modern property investors need because of a lack of effort, but rather because their traditional tools, techniques and technology are letting them down.
The key lies in a growth-oriented business model supported by standard operating procedures for every workflow, run via a unified, purpose-built technology solution.“Without access to consistent and comprehensive data and reporting, it’s impossible to truly optimise an investment.