Five Key Challenges in Real Estate & Property Management

BerkOne-Property-Management-Big-5According to the National Association of Residential Property Managers (NARPM®), there are five key challenges in the property management industry today. Are these familiar to you and your team?

Prop-mgrs-top-5-challenges

Additionally, Deloitte’s Commercial Real Estate Outlook says that even though the use of technology is widespread in corporate real estate (CRE) management, the pace of adopting advanced technologies is slow “compared to some other industries”.(1)

Plus, the Building Owners and Management Association (BOMA) reports that “CRE professionals are under ever-increasing pressure to meet tenant expectations, reduce operating costs and work each day with a sense of control and confidence”.(2) 

BerkOne and MetaSource hosted a webinar for Real Estate and Property Management professionals about how workflow and content management technologies handle these five key challenges. The webinar demonstrated advanced process management enabled by digital workflows and content management software. This combination helps tackle strategic items such as:

  • Redesigning business processes from a broad and strategic perspective
  • Improving customer service and brand image
  • Integrating with existing systems while closing gaps in the value chain

The objective is to extend the automation benefits throughout the company to all employee and customers. As well as not to replace current property management and real estate software. Easily automate workflows and integrated with existing real estate and property management software packages.  Including: contract and lease agreement negotiation and signing; new lessee / customer onboarding; new employee onboarding; invoice processing; tax record management and payment; and maintenance work orders.

BerkOne invites you to view the replay of the Property Management and Real Estate Technology Opportunity webinar at your convenience.

Sources:
(1) Deloitte, “2019 Commercial Real Estate Outlook”, page 8.

(2) Building Owners and Management Association (BOMA), “Commercial Real Estate Technology Trends 2018”, page 7.