Feeling Buried in Tedious Tasks?
Property managers wear many hats. From managing leases and rent payments to coordinating maintenance and responding to tenant inquiries, your day can easily become filled with repetitive tasks. While these tasks are essential, they can also be incredibly time-consuming, leaving you with less time to focus on strategic initiatives and building relationships with your tenants.
This is where Robotic Process Automation (RPA) comes in.
What is RPA?
Imagine having a tireless, digital assistant who can handle all your mundane computer tasks. That’s essentially what RPA offers. RPA uses software “bots” that mimic human actions on a computer. These bots can automate a wide range of repetitive tasks, including:
- Data Entry: Say goodbye to manually entering data between different software programs like Yardi and AppFolio. RPA bots can seamlessly transfer data between systems, saving you countless hours.
- File Management: Moving files from one location to another, sorting through documents – these tasks can be automated by RPA, freeing you up to focus on more strategic work.
- Bank Reconciliation: Reconciling bank statements can be a tedious process. RPA bots can streamline this process by matching up your bank statements with your property management software, saving you significant time and reducing the risk of errors.
The Benefits of RPA for Property Managers
- Increased Efficiency: By automating repetitive tasks, RPA frees up your time to focus on higher-value activities, such as building relationships with tenants, analyzing property performance, and identifying new growth opportunities.
- Reduced Errors: Manual data entry is a common source of errors. RPA bots eliminate the risk of human error, ensuring the accuracy of your data.
- Improved Productivity: With RPA handling your mundane tasks, you can accomplish more in less time, boosting your overall productivity.
- Reduced Costs: By automating tasks, RPA can help you reduce your labor costs and streamline your operations.
A Day Reclaimed with RPA
Imagine Sarah, a property manager with hundreds of units under her care. Every month, Sarah spends hours manually transferring lease data from her applicant tracking system to her property management software. This repetitive task not only eats into her day, but also increases the risk of errors.
By implementing an RPA bot, Sarah can automate this data transfer process. The bot can log in to both systems, extract the lease data, and seamlessly transfer it to the property management software. This frees up Sarah’s valuable time, allowing her to focus on more strategic tasks, like nurturing tenant relationships and identifying new leasing opportunities.
Is RPA Right for You?
RPA is a powerful tool that can benefit property managers of all sizes. If you’re looking for a way to free up your time, improve efficiency, and reduce errors, then RPA is definitely worth considering.
Getting Started with RPA
While RPA isn’t directly integrated with property management software, Balanced Asset Solutions can create custom bots to work seamlessly with your existing software.
Ready to learn more? We have videos showcasing RPA in action! Contact us today to see how this innovative technology can transform your property management business.
