{"id":25472,"date":"2019-01-18T14:17:51","date_gmt":"2019-01-18T18:17:51","guid":{"rendered":"https:\/\/www.mrisoftware.com\/au\/blog\/property-management-challenges-today\/"},"modified":"2020-07-20T10:56:45","modified_gmt":"2020-07-20T14:56:45","slug":"property-management-challenges-today","status":"publish","type":"post","link":"https:\/\/www.mrisoftware.com\/au\/blog\/property-management-challenges-today\/","title":{"rendered":"The Main Challenges in Property Management Today"},"content":{"rendered":"

This blog post relates to Rockend, one of our previous brands. For more information please <\/strong> read the press release<\/strong>.<\/a><\/p>\n

Most people fear the uncertain,\u00a0and for property managers this\u00a0has never been more true.\u00a0 \u00a0In our The Voice of Australian Property Management Report<\/a>, 58% of respondents agree that this unease is due to the growing expectations of tenants and owners and the uncertain property market.<\/p>\n

These pressing issues are understandable for such a dynamic industry and they become even more magnified when businesses are inefficient with their operations\u00a0and incapable to adapt to change.<\/p>\n

We talked with Rose Kelly of Leading Focus on why\u00a0being efficient and ready to adopt new ways to do business are the main challenges in the property management sector today and how the right property management system\u00a0helps in addressing these challenges and turning them to viable opportunities.<\/p>\n

<\/p>\n

Efficiency is Key<\/h2>\n

Most real estate businesses that Kelly has worked with suffered from massive inefficiency, with significant staffing costs that are often due to poor logistics, poor adoption of technology and inadequate training and management of teams.<\/p>\n

\u201cThe volume of \u2018rework\u2019 that I uncover in many small businesses is frightening, but also exciting for those who are prepared to change, as this means plenty of scope for uplift in the business performance\u201d says Kelly.<\/p>\n

A reliable systems provider that focuses on innovation and with the client’s convenience in mind should be able to address inefficiencies in the business.\u00a0 A cloud based property management\u00a0software<\/a>, for example, solves problems in logistics for those working outside the office and\u00a0its ability to connect with other tools and apps also opens up possibilities for future innovations at less cost.<\/p>\n

Adapting to Change Confidently<\/h2>\n

According to Kelly, many in the business also experience great confusion about what to do next to innovate, meet consumer expectations, keep up with peers and stay ahead.<\/p>\n

\u201cThere\u2019s no secret of the current \u2018race to market\u2019 approach from suppliers with newer and innovative technologies; in many cases \u2018game changers\u2019 are constantly being released,” says Kelly of the\u00a0digital disruption happening today, most notable in the property management software<\/a> space.<\/p>\n

Kelly added that while these technological innovations opens up a lot of opportunities for those in the industry, agencies should be\u00a0prepared to act on it quickly yet confidently.\u00a0 \u201cMany in the industry will miss these opportunities because they are not skilled, organised and running efficiently enough to adopt them. Others will miss them because they are not prepared to make a decision or make the changes that are necessary for adoption of new ways and some still believe that the current disruption is a lot of hype and that the industry will still essentially be the same in five years.\u201d<\/p>\n

The Real Challenge: Don\u2019t Stop at Quick Fixes<\/h2>\n

Most people will know when they are struggling, and it\u2019s usually defined by pain points such as financial challenges, team challenges or client challenges.<\/p>\n

The real challenge, however, is finding out why this pain point has appeared and then how to fix it and prevent it.<\/p>\n

\u201cThere are many people who can offer band aid approaches and a quick fix is certainly a feel-good moment,\u201d says Kelly. But businesses shouldn\u2019t just stop at quick fixes.\u00a0 \u201cTake the time, get the assistance you need and really get to know your business \u2013 where the waste is, what the real capacity is and how to emerge from \u2018struggling\u2019 forever.\u201d<\/p>\n

By recognising the challenges and opportunities in property management, agencies\u00a0will be able to prepare themselves with the right tools to help them in the disruption.\u00a0 It also worth noting that a systems partner that leads and supports change can help them succeed and keep up in an industry that’s rapidly changing.<\/p>\n","protected":false},"excerpt":{"rendered":"

This blog post relates to Rockend, one of our previous brands. For more information please read the press release.
\nMost people fear the uncertain,\u00a0and for property managers this\u00a0has never been more true.\u00a0 \u00a0In our The Voice of Australian Property Man…<\/p>\n","protected":false},"author":13,"featured_media":25473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[144],"tags":[],"class_list":["post-25472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/posts\/25472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/comments?post=25472"}],"version-history":[{"count":0,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/posts\/25472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/media\/25473"}],"wp:attachment":[{"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/media?parent=25472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/categories?post=25472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/tags?post=25472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}