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How to Switch Your Proptech Without Increased Spending

February 27, 2024
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Property managers of Class A communities are often tasked with finding ways to reduce costs without reducing services. When it comes to property technology, aka proptech, this can be a tricky balance because there are so many different options. Finding the best software for property managers that does it all seamlessly can be difficult and time-consuming. Let's look at the things you should look at when considering the switch.

Budgeting and Planning

The first thing you need to do is make a budget and plan for the future. Even if you're not a big company, this can make all the difference in keeping your proptech from going over budget. Decide what features you need and how much you are willing to spend. With a variety of options available to help manage your Class A property, take the time to research what features they offer. You don’t want software that offers features you won’t use. The best software for property managers will include all the features you need but within your budget.

Communication

Email and text messaging are the most common forms of communication among property managers and residents. If you don't have a system in place to manage these communications, it can be easy for things like emails or texts to fall through the cracks. Having software that allows residents and property managers to see all previous messages will allow for accountability if something goes wrong. Make sure that your software for property managers makes it easy for you to communicate with your residents by providing ways to send updates about issues and make maintenance requests. Having a native messaging platform within the software will allow residents to easily reach you.

Resident Retention

Resident retention is one of the most important parts of your business. If you can keep your residents happy, they'll refer their friends to you and help your Class A multifamily community grow. However, keeping residents happy and taken care of is a lot of time and effort for both parties. Find the best software for property managers so you can save money without sacrificing services for your residents.

When you're looking for new property management software, it's important to know what features will be beneficial to your Class A buildings and residents. Elevated Living has a unique branded app with all the necessary features you need to keep your community running smoothly. With features like custom checklists for moving in and out, easy rent collection, and maintenance requests, residents will feel taken care of. Our branded app also includes document storage, amenity reservations, and a custom onboarding experience. You will be able to measure engagement analytics, communicate with residents, and schedule maintenance requests all in one place.

The Best Software for Property Managers

When it's time to switch proptech providers, you want software that is budget-friendly and easy to use. Communication, scheduling, and rent payments are important to your Class A community to keep running smoothly. Consider trying the best software for property managers from Elevated Living. It will save time and money and your residents will be happier. Book a demo today.