Understanding the Convenience of Virtual Leasing 

Automating your property management tasks and handling everything virtually can be beneficial in different ways. Automation in property management operations and going paperless can save a lot of time, minimize errors, reduce costs and provide greater transparency than manual handling of the processes. Despite several benefits of commercial property management software, some real estate firms are still slow to adopt the technology, while others completely avoid it. There could be several reasons behind the slow or little acceptance of this change, such as legal concerns, poor change management, old-school policies, and, most importantly, lack of awareness. 

Virtual Tours

But things have changed drastically after the pandemic, and many real estate firms are accepting technology with open arms. After CDC recommended social distancing, many offices switched to working from home. As a result, real estate firms had to adopt virtual tours and leasing methods to keep the business running in tough times. Virtual tours involve visiting property virtually through 3D images and videos. Virtual Tours save a lot of time for both prospects as well as property managers. These tours also increase the visibility of available units by creating a catalog of different available units in different layouts. Moreover, property managers can give tours to multiple tours at different prospects at the same time. 

Paperless Operations 

If you choose property management software, you can enjoy paperless operation through fully integrated and connected templates for document generation. There are templates for e-signatures as well, with enhanced security features, centralized storage, and workflow tracking. One can easily extract information from e-signatures and e-agreements to derive seamless workflows. With a property management ERP solution, you can easily manage property and portfolio as it has several features like:

• Owner Portfolio Statements
• Property Management Agreements
• Billings Generation & Receivables
• Schedulable Data Snapshots
• Job Monitoring & Reporting
• Blockchain-based Analytics

Online Leasing

Online leasing is the most convenient, secure, and efficient way to lease or rent a property. Personally, visiting the property owner to share your personal documents is a thing of the past. Now with property management software, documents can be shared and stored digitally. No need to water electricity, paper, and ink, when property managers can easily send a digital copy of documents for reference within a couple of clicks.  

Not only this, CRM for property management also allows you to market available units online and create lease documents at your convenience. Transitioning to digital ways reduces operating costs and positively impacts the environment. Some other benefits you can enjoy using property management software for leasing purposes are:

• Online Lease Applications
• Tenant Screenings & Credit Check
• Lease Agreement Templates & Electronic Signatures

Finding a company or software that offers a complete end-to-end solution for your real estate business is necessary. It will help if you make your day-to-day processes automated, seamless, and completely paperless. Always choose software that offers a marketing and leasing suite to allow you to showcase available units for rent, perform tenant screening, paperless process applications and execute a lease electronically. When everything goes in line, you can see the benefits in more prospects, more applicant conversions, and more lease renewals.