How Outsourcing is Beneficial to Property Managers
Property managers are probably the busiest people in the real estate industry. Having a vast number of properties under their care and numerous tenants to deal with, PMs barely have enough time to manage their tasks, not to mention to take lunch breaks. This kind of working trend can eventually lead them into stress and burnout –the primary cause on why PMs leave the industry.
One of the best solutions to reduce work overload of property managers is through outsourcing of tasks. Many Australian companies had opted to outsourcing nowadays as it provide benefits like flexibility in time, access to technology, less workloads, and more importantly, less stressed employees - all for a lower cost. Outsourcing agents can serve as an extended hand for property managers, which is quite beneficial given their tight schedules.
There’s a long list of tasks a property manager can be turn over to their outsourcing agents. Among these tasks are the following:
- Advertise vacant space
- Application processing
- Connection and disconnection of utilities
- Contact housing contractors to get quotes
- Contract management
- Coordinate maintenance
- Credit report review
- eMail management
- Marketing pieces for expired listings
- Order/schedule termite inspections
- Prepare and forward legal documents for house closings
- Research properties on various state
- Screen possible tenants
- Send tenant applications
- Transaction coordination
- Transaction management tools
- Verify employment of tenants
- Graphic works
- Transcribing PCRs
People working in outsourcing field know exactly what their clients’ need; they are trained to handle their tasks efficiently and enthusiastically with exceptional adaptability, keenness, time management, and communication skills to fulfill their clients’ requirements. As property managers are always on-the-go with their busy lifestyle, entrusting their desktop work with outsourcing agents can give them more time to focus on their listed properties, attend to their tenants’ need, and finally to switch-off afterhours with family and friends.
Working with outsourcing agents is like hitting two birds with one stone – it’s guaranteed they can help property managers to perform at their finest and have more time to enjoy the sweetness of life.