Assisted Property Management is a property management solution for both property owners and property management firms. It is a hybrid solution in-between self-managing a property and full-service property management. It provides for management customization so you can be sure the ‘right’ level of service is delivered by the management firm.
A New Option for Property Owners
The Assisted Property Management option enables the property owner to manage their property exactly how they like.
Each owner has differing levels service needs and wants, with the Assisted Property management option they get to create exactly what they want.
The ‘right’ level of service can range from 100% self-managed to full-service by a management firm and everything in-between. Through the Placeforce software the owners can fully manage their property. Features include:
• Documents storage
• Event tracking and management
• Property calendar
• Email reminder system
• Contact management system
Additionally, and perhaps most important, the software provides a template for the property owner to fill out to customize the site to be sure all the relevant property features get identified and addressed (i.e. location of water & gas shut off, property insurance expiration dates, property vendors…). The owners have the ability to fully manage their own property based on the best practice guidelines from experienced property managers.
There may be times however, when the owners want the help and guidance of a professional manager. In that case, they can request service from the professionals and pay for service as needed. Owners may want help preparing next years budget, or help coordinating a construction project, or any number of other service that a management firm is able to handle. Instead of paying for those services all year, the owners can simply pay as they go.
And for the Property Managers
The professional property managers have the ability to manage all the information associated with their properties in the site. This is a single repository to manage the information that has the same features as mentioned above. Additionally, management firms can easily track any service request from their properties and even print out property reports showing all relevant information and activities. Managers can receive the email notifications when there is activity at one of their properties – an easy way to stay on top of the properties and provide excellent service.
Best yet for the management firms, they do not have to provide the day-to-day management of the property. As a result, they can take on many more properties to manage. They will end up servicing each of these properties based on the property needs and often end up providing those additional services for which they typically earn good margins.
A Win-Win Scenario
This is truly one of those win-win scenarios. The ability to customize the management structure for the property works for both parties. This is a low cost option for both parties and enables them to easily reach the right balance of property management.
Author: Nate Burnes – President of Placeforce.com provider of alternative solutions to full-service property management.
