Avoiding the dinosaur age

Doing business in 2022 means keeping up-to-date with the latest and greatest tech on the market.

If you fail to do so, you risk being left behind.

Yes, to all the non-techs out there – this can be a daunting thought. One day we are masters in our domain and the next we feel like dinosaurs navigating a newer, faster, shinier, high-tech age.

But, it must be done!

So we are here to help you and to highlight the areas in which you can benefit from good tech choices to deliver GREAT business.

Not only that, the tech listed below can help you in a range of areas from time management, client management, admin and sales – whichever part of your business you need assistance with.

The choice is yours.

Tech for Purpose

So firstly, where can you improve?

  • Is it in the day-to-day operation of the business?
  • The exhausting amount of time spent on menial admin tasks?
  • Is it coordinating better management of your Trust Account?
  • Is it your Tenant Leasing process?

Let’s break down our favourite tech based on these main business categories in Property Mangement.

  1. Administrative

    There are a gazillion project management tools out there that offer similar services and capabilities. It all comes down to conducting a trial of each one and seeing which one you like the best.

    Some of our favs:

    Trello is the ultimate project management tool, allowing you to share projects between team members and collaborate from anywhere in the world.

    Monday allows you to easily assign tasks and prioritise what’s most important to your team. Set project timelines, milestones and dependencies, and manage your team’s entire workload all in one place.

  2. Trust software

    There are many fabulous Trust Accounting Software programs out there but here is our pick of the lot!

    PropertyMe – Affordable Pricing From $110/Month For 100 Properties
    Released – Award-winning Property Management Software for Property Managers
    Rex – Get More Out of Your Database. Build Lasting Client Relationships & Generate More Business
    Agent Box – Unparalleled prospecting tools, user-friendly mobile app, emarketing, vendor reports + more
    Eagle – The real estate listing and contact management software package that puts your business on autopilot
    Vault RE – Automations that go beyond simple lists and reminders; set and forget autonomous EDMs & SMS, follow-ups, form population, and more.

  3. CRM

    Hubspot is a renowned CRM that allows you to generate leads, close deals, and create remarkable customer experiences. Its marketing component houses your email marketing and socials planning tool all in one place.

  4. General accounts

    Xero is the Number accounting software for small businesses that allows you to automate admin and work from anywhere, anytime.

  5. Inspections

    Inspection Manager is the leading solution for routine inspections, Property Condition Reports – a complete solution designed to make you more productive.

  6. Application software

    Our far-and-beyond favourite here is Snug – reimagining the renting experience to lower costs, improve efficiency and empower renters, owners and managers. Sung is used by 1.5 million renters, with 61,000 Property Managers using the platform. Plus, it’s Aussie made!

  7. Lease / management / sales software

    For this one, we can bundle this altogether into our one favourite program for all of the aforementioned – whether it be leasing or sales. FLK it Over offers streamlined lease & real estate agreements, built for property managers by property managers. FLK allows you to create and send residential real estate documents for signing along with loads of automations to save time and integration with all the major players including PropertyMe, PropertyTree and Managed App.

So there you have it – our picks of the bunch. Some you may like and some you may not – yet as we always say, nothing is better than a good recommendation!

Jane Morgan is the Director of End of Month Angels, a consultancy firm specialising in Trust Accounting. Jane knows the legislative requirements of running a successful Real Estate office through her 25 years’ industry experience. Don’t trust just anyone with your trust accounting. Book an appointment with an End of Month Angel today.