Guaranteed rent. Guaranteed peace of mind.
clear img
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

3 proptech automation trends that are changing property management

Proptech
Property management tips
3 proptech automation trends that are changing property management
Income guaranteed even before we find your tenant
clear img
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

It's no secret that automated technoalogy has profoundly impacted virtually every industry. The property management industry is no exception. At Doorstead, we embrace automation and technology in our mission and values to bring better products and services to our homeowners and renters.

Here we will look at how automation trends have impacted the property management landscape in recent years and how you can understand and keep up with these changes.

How automation is changing the property management industry

Proptech (property technology) is revolutionizing the property management industry by streamlining and automating many day-to-day tasks involved in managing properties, such as finding tenants and collecting rent. Embracing automation equips property managers to manage their properties effectively, leading to improved returns on investment for homeowners and a better experience for renters.

 Automated has impacted property management through optimized pricing and transactions, faster and consistent communications, and remote management.

Automated pricing and transactions

Automated pricing is an important way automation technology has changed property management. Automated pricing makes it easier to price rental units competitively. Automated pricing systems are becoming more common, as they help to take the guesswork out of setting rent, leading to more consistent and sustainable rental income. For example, Doorstead utilizes machine learning and millions of data points to find the optimal renting price for each property. Incorporating big data gives homeowners a broader and more realistic view of their property against the local and national market.

In addition to automated pricing, technology has also enabled more streamlined payment collections. For example, automating online rental payments for tenants reduces issues and errors in transactions encourages timely rental payments, and provides real-time payment alerts. In addition, automation simplifies accounting: bookkeeping and accounting tasks are carried out automatically without your active involvement. That means less time spent on spreadsheets and going through and manually organizing your transactions and payments.

Real-Time Communication

Proptech significantly improves communication by introducing online channels. Property managers can automatically handle repairs and maintenance requests: tenant-generated communications and automated responses are sent out 24 hours a day, seven days a week.

Tenants can now use apps to quickly communicate with their landlords and property managers in a low-effort manner. Companies or individuals can build automated communication and ticketing systems to address common issues and questions. An added benefit of automated property management is creating consistency in communications: Renters and homeowners can learn the system and follow the automatic procedure for better synchronization and communication, which helps to avoid service delays and complaints.

Remote Management

Technology and automation make it easier for homeowners and property managers to manage their properties remotely. Even better, mobile and cloud-based software systems allow property managers to stay connected to their tenants and properties anytime, anywhere. For example, Doorstead's platform will enable landlords to track rental payments in real-time, view tenant profiles, and more from their smartphones. 

Services like Doorstead provide landlords with automated solutions that make managing a rental easy and efficient. Landlords can now access important information about their properties anytime, anywhere in the world. Property owners can use online platforms to rent their properties with minimal effort. Technology is also making it easier for renters to find rentals online. Tenants can now browse a variety of properties online and apply directly through websites or apps and see realistic, 3D representations of the space without stepping foot into the property. By utilizing technology-based services and solutions like Doorstead, property managers can spend less time on the day-to-day management of their properties and more time enjoying the passive income they generate.

By leveraging automation trends in property management, property managers can achieve greater success in a challenging market. Automation has changed the way property managers operate by allowing them to create better pricing models, streamline communications, and manage properties remotely – all of which leads to improved returns on investment for homeowners and a more consistent experience for renters. By harnessing the power of automated proptech and utilizing services like Doorstead, property managers can unlock new opportunities and create income streams with a strong bottom line that is much more passive yet reliable than before. Learn about how Doorstead works.

Did you find this trend report exciting or helpful? Please share it with someone who could benefit from this. Are there any story ideas you'd like us to cover? Please email [email protected], and we'd love to include it. And if you're looking for more helpful tips on property management and proptech, browse Doorstead's blog

Ally Gong
Ally Gong
Content Specialist

Get my free estimate

Earn guaranteed rental income with Doorstead, we’ll manage your property, and do everything else.

Get my free estimate
Discover more stories
Eco-friendly home upgrades that save you money
Home improvement

Eco-friendly home upgrades that save you money

Implementing eco-friendly measures in homes is not only beneficial for the environment but also for the wallet. While the usual suggestions like LED lights and programmable
Property management: a complete overview
Property management tips
Proptech
Real estate
How to rent out your home

Property management: a complete overview

Property management definition: Property management is the process of maintaining residential, commercial, or industrial properties, such as houses, apartments, office buildings
A comprehensive overview of the Fremont, California  real estate market for homeowners and renters
Neighborhood insights
Real estate

A comprehensive overview of the Fremont, California real estate market for homeowners and renters

Fremont's real estate and rental homeownership market is characterized by its dynamic nature, diverse properties, and growing demand for quality housing. To thrive in this