As the company grows, the administrator’s workload increases exponentially. Failure to keep up with customer demand can stall your business at a critical growth stage. For example, the Real estate property business is constantly growing and changing rapidly according to the market needs. It relies heavily on paperwork and face-to-face meetings. But old-fashioned approaches are dwindling as new customers demand digital services. Using paperwork and simple spreadsheets is inefficient in a competitive, fast-paced world.
An ERP solution can completely transform the way a real estate company operates. By moving to digital business automation tools and software, you can unlock hidden potential in your real estate business to increase profits, schedule business meetings, and keep records of real estate, leasing, financial transactions, and improve customer experience.
Learn why Property Managers and Real Estate Financiers must implement a Cloud ERP in our OnDemand webinar Property Managers & Real Estate Financiers, Why Use a Cloud ERP with Steve Gallegos – Sales Director Folio3 and Hayley Null – Alliance & SDM Marketing Manager, NetSuite
Here are some highlights from the webinar:
Challenges Faced by Property Managers
Rental Property Marketing – The most challenging aspect for a property manager is finding new tenants and keeping them on a property for the long term.
Maintenance and Repairs – Property upkeep is included under the job title “Property Manager,” along with repairs and maintenance. These specialists are expected to stay on top of maintenance tasks, including urgent repairs for emergencies like fires, floods, and power outages.
Time Management – As a residential property manager, it can often feel like there need to be more hours in the day to get everything done. However, there is always work that needs to be done and something that demands their attention. In addition, they may be very stressed due to tenant emergencies and property maintenance.
Regulatory Changes – The legal landscape of the real estate sector is always changing, and new laws and standards can carry harsh penalties for breaking them. Therefore, keeping up with these legislative changes is both difficult and necessary.
Benefits of implementing ERP in your real estate business
The Folio3 Real Estate Solution powered by NetSuite is designed for real estate players who want to grow their land, real estate, and other equity businesses quickly and steadily while keeping up with industry trends and fostering client relationships.
By implementing the Folio3 Real estate solution into your Real estate business you will get:
- Premium Insights and Business Intelligence
- Quick Access to database and transaction history vis NetSuite.
- Powerful property management workflows to save you time and money
- A Fully encrypted platform, so your data is safe and secure built for agencies both large and small
- Advanced property management, sales, and commercial accounting features
- Unlimited document storage
- App for tenants to manage maintenance and rent payments
- A customizable solution that can be tailored to your business requirements.
- Streamline transactions and automate payments.
Increase Industry Presence And Ensure Project Effectiveness.
Folio3 efficiently supports different ventures’ needs and develops solutions where the benefits and usage justify the price.
Folio3’s ERP Solution has all the required capabilities to make your business more efficient and also has a real estate solution specifically focused on property managers and real estate financiers.
ERP covers most of the day-to-day aspects of your business and streamlines the processes. For example, we can send personalized offers or inform consumers about promotions, discounts, and new properties for rent or sale.
If you are dealing with challenges related to real estate and its management, this webinar is for you.