Technology And Property Management
Property managers are using technology more and more — to streamline operations, reduce operating costs, and provide a better experience for tenants.
According to some of Chicago’s leading property management executives, technology affects virtually every type of operating expense. REJournals.com interviewed Lee Kotler of Crossroads Partners and Bob Quast of Lincoln Property Company, and the two discussed property manager tips to handle this change:
- New products and services may be less expensive or reduce operating costs. Re-open bidding and purchasing to find more cost-effective solutions.
- Automate, automate, automate! From online tenant applications and work order systems to the labor of property management, the more you can use technology to automate, the better you can control costs.
- Say yes to tenant requests and provide services to retain tenants. Explore how technology can make it less expensive to provide a better atmosphere.
The best property manager tips all boil down to doing more with less.
As Bob Quast told the journal, the significant expense of janitorial is entirely labor-driven. Market wages and various factors make it difficult to control this cost directly.
Powered carts and dumpster movers are one form of technology that can streamline and control janitorial and property management costs. The WasteCaddy from DJ Products, for example, helps any employee move a dumpster across the property. This can help minimize the wage you need to pay for a certain position, or help that employee get the job done in less time.
DJ Products has technology for property management, including a variety of motorized carts and dumpster tows. Follow our blog for property manager tips and visit DJProducts.com for more info.