Until recently, working your job remotely was a daydream for most of us. Now, ‘home offices’ are an accepted place of employment, and virtual meetings are par for the course.
But how would a job like a property manager work as a virtual position in your business?
You’d be surprised at all the advantages it could bring you.
The Many Hats of a Property Manager
Property managers have the role of handling all the daily operations of the building and grounds they’re assigned to. Meeting with current or potential tenants, handling maintenance and repairs, and more are all in the job description.
With hundreds of duties, the day-to-day work often seems never ending. Many of the tasks get missed or done at the surface level.
Hiring a virtual co-property manager or a virtual assistant to help your business brings a lot of benefits. Check out these five that make the extra cost worth every penny.
1. Better Tenant/Vendor Customer Service
Dealing with tenant issues and vendors is one of the most important responsibilities of a property manager.
Some concerns require a face-to-face meeting, but many of these jobs can be handled virtually. You’re freed up to focus on what needs to be handled in person, while your remote property manager takes care of tasks like:
- Conducting virtual tours
- Handling the schedule for meeting with tenants and vendors
- Email communication
- Receiving and addressing online rental applications
- Offering 24/7 immediate responses
When your business uses a virtual property manager to handle these mundane but time-consuming tasks, you’re freed up to take care of growth.
LeaseLeads explains more about the tasks that can be delegated remotely in the property management industry.
2. Virtual Interaction Attracts and Keeps Tenants
Most of us have gotten spoiled with how easy the internet makes our interactions. There are lots of people who won’t even make an order at a restaurant if they can’t do it online!
Older tenants still like the personal touch of in-person interactions. But unless you run an apartment complex geared toward senior citizens, most of your tenants will be younger.
These generations prefer the ease of virtual tours, filling out forms online, and sending in digital complaints. Tenants that can take care of most of their needs with your virtual property manager have increased satisfaction.
Better satisfaction means more tenant retention. This is one of the best ways to keep your profits steady. Transitioning between tenants can get costly between cleaning and maintenance work. And empty apartments don’t make you any money.
3. Improved Security
Does your apartment complex have a 24/7 on-site security team? If so, how much are you spending to have that feature?
With certain virtual property management systems, you get an online method to monitor a live feed of your current security cameras. You and the virtual manager can view what’s going on at your apartment complex from anywhere.
If it’s necessary, someone can be there quickly to handle any issues. And if there are any disputes or complications, the video acts as evidence.
Your tenants will be attracted to the peace of mind they’ll get with around-the-clock security on your property.
4. Remote Property Management From Anywhere
A massive perk of owning your own business is the ability to work from wherever you want. But if you must be at the property to get everything done, you’re working hard instead of enjoying life.
Partnering with a virtual property manager to do the busy work means you have less time spent dealing with the face-to-face and in-person jobs.
With the extra time you have, you can work on expanding your business, taking a vacation (or a lot of them), and improving your quality of life.
During your off-site working hours, you can effectively increase your productivity, no matter where you are. It’s the ultimate goal of almost every business owner, and you’ve worked hard enough to deserve it.
Conclusion
Instead of adding more to your to-do list than you cross off in a day, it’s time to make a change.
With a virtual property manager to act as an assistant, you’ll quickly realize the advantages that come with being able to delegate your tasks. When you’re not stuck behind a desk handling minutiae, you can grow your business and your personal life!
