The Real Estate industry has been growing continuously with the increasing demand for buying or selling property. It is estimated that by 2022, the real estate industry will reach around $7 trillion. This is a big number, but handling a huge number of properties manually or without involving any software to manage property-related processes could make things complex for Property Managers and owners. However, if you lose control to manage these challenges, you may stress yourself and find yourself in big trouble. So it is essential to integrate salesforce real estate CRM into your system to fix those problems. But if you are new to PropTech and don’t know how it would help you, let’s first find out the common challenges you might face in leasing your properties and how to overcome them using the right Property Management Software.
Manual Screening Process:
Even today, many Property Managers perform manual screening of the applicants, which is a tedious and time-consuming task. With REDA, you don’t have to worry about all this, as you would quickly know whether the applicant is eligible for the property or whether their income qualifies for the same or not. This also helps Leasing Managers recommend that the applicant arrange a guarantor or co-signer.
Sometimes, applicants share documents and IDs, which most think can only be identified manually. You don’t have to worry about fraud detection when you have REDA by your side. Our best-in-class screening integrations digitally verify the applicants’ identity, saving your time and money on resources who work hard doing this task manually.
Errors with renters’ information:
Some PropTech platforms are difficult to navigate. Sometimes leasing managers or tenants enter wrong information regarding their annual income, which makes things complex. Due to overly niche tech limitations or legacy antiquation, sometimes the applicant can’t change the mistakes. This can result in disapproval of their application by the system, or they have to re-apply with the accurate information. In the worst situation, the leasing team has to request them to re-apply with the paper application so that the leasing team can do the needful process manually. This is not the case with REDA, as we offer the online leasing solution where renters can link their bank accounts, and algorithms can do the income verification, creating less room for errors.
Why is REDA a One-Stop-Solution?
Leasing out a property will be made easier using REDA. It is one solution of ERP Software For Real Estate Management. It provides digital access to records for residents to reduce costs for individual or business owners.
The REDA is developed as a whole host of solutions that help landlords and tenants, making the process easier and less stressful. Here are some of the features, which are as follows:
Offers Centralized System:
The REDA will provide you with centralized property software using this system. Instead of digging through different apps and folders, you can access them from the REDA.
Helps To Close More Leases:
REDA will help you to close more leases because it offers the management of property rentals, avoiding the hassle of paperwork and providing a digital account for each tenant, which will help to secure your paper paperwork.
The REDA offers online access to the property owner so that he/she can view rent updates, deposit deposits, and balances, making the process faster. This also helps you communicate with the consenting occupants when leasing your property.
Generate Better Leads:
The REDA helps you to generate better leads because it improves the process of getting new clients. It also helps find a tenant for your property and streamlines all the processes to a reasonable rate. So you don’t have to worry about fraud because they will help you with better screening.
In a Nutshell!
When you require a complete system that can help you manage your assets with ease, then the REDA is the best at the same time. It manages your property easily and helps you better secure your assets without hassle.