From manual catalogs to advanced online dashboards, property management companies have come a long way. Today, the business incorporates everything from blockchain technology to real-time updates to make it easier for the tenant and the landlord to transfer payments and negotiate over rental maintenance and repair costs.

As a result of the incredible leap in the real estate business, the industry has become way more efficient. Their process has become exceptionally streamlined with automatic record generation. The digital process saves each transaction’s records to ward off property and payment disputes.

Better tech usage brings in more satisfied customers. Undoubtedly, the US property management industry will become a $6 billion industry by 2028. With advanced gadgets for property management, the industry is bound to grow considerably in the years to come.

Property managers in Houston use upgraded software to expedite tenant-landlord payments and maintenance cost estimation.

Here’s some technology that helps with real estate management.

Security Cameras

Property management companies install security cameras to take better care of the rental property. They are used to detect suspicious on-site activities. While the control of the camera resides with the management company, they help landlords be sure their property is in good hands. Security cameras assist with property surveillance and tenant trespassing incidents, if any occur.

Virtual Assistants

A virtual assistant is an example of an advanced AI tech at play. The technology involves the process of natural language programming and Robotic Process Automation (RPA) to obtain data from complicated online communication. The FAQ section on the websites of property management companies often has virtual assistants to guide customers.

virtual assistants

Most of these assistants are introduced to talk about the multiple services the management company offers. Make sure you involve a reliable rental property manager to overlook the maintenance and management of your rental property.

Advanced Software

Advanced software provides multiple features to both the tenant and the landlord. Features like the online dashboard with tenant and landlord details make sure both the tenants and landlords have exchanged important documents. The software offers online portals for tenants and landlords to help them make payments, trace rent records and keep up with rent deadlines.

Maximize the revenue on your rental property by incorporating advanced tech features in your property management model. Get in touch with PMI Northwest Houston for rental property management to commercial property services and tools for  home associations. Their rental marketing includes virtual tours and diverse online listings.